Credit Suisse Energy Infrastructure Partners has acquired 85 percent of the 252.7 MW Markbygden II project for EUR 200 million. It's the second time in half a year that the Swiss fund invests heavily in Nordic wind.
Denmark's independent Council on Climate Change urges the country's government to cancel the eighth E&P license tender, saying national credibility is at stake and that fossil fuel extraction ought to stop in the Danish North Sea from 2050. Sector lobby Oil Gas Denmark calls it "highly dubious gesture politics".
Major Norwegian oil field Johan Sverdrup will in June produce markedly smaller amounts of oil per day than hitherto seen as part of Norway's efforts to lower the nation's oil production, reports local media citing Bloomberg.
Denmark is vying to cut its toughest emissions with its plans to establish a large-scale PtX plant, says project partner. However, it's also an untested technology at such a large scale and entails many potential pitfalls and elements of uncertainty.
From 2050, it should prohibited to sail on non-climate-neutral fuels, says the CEO of the Norwegian Shipowners' Association, Harald Solberg. "It's a long-term, plain and clear signal to the industry," he tells EnergyWatch's sister media, ShippingWatch.
Japan's position as the world's largest LNG importer was already under increased pressure prior to the corona crisis. Now, utilities project it will be some time before gas demand in Japan returns to normal.
Value creation from Norwegian wind power almost doubled from 2018 to 2019, shows a new report from trade association Energy Norway. The Norwegian energy minister says the country should install more wind, and she will soon present a bill to enable new project licenses.
Oil company Total will decommission a plant in the Danish North Sea for the first time ever. The old Tyra platforms must go, so they can be replaced by new ones. "We're working with tolerances down to a few millimeters," says Morten Hesselager Pedersen, who heads the redevelopment.
The consortium behind plans to build a 1.3 GW electrolysis plant near Copenhagen could take the final investment decision for its hydrogen project as soon as next year, while H2-based PtX aviation fuel made via offshore wind power could become a reality from 2027.
A consortium including major Danish players like Ørsted and Maersk want to set up extensive green hydrogen production capacity in their home country. The concept has yet to disclose a cost estimate and scope of required state aid.