Lower capacity factors, network reinforcements and logistical barriers make US offshore far more costly than both European offshore wind and rivaling energy technologies such as gas-fired turbines and, particularly, onshore wind, the rating bureau assesses.
While Norway's Statkraft has involuntarily become the center of discussion about domestic offshore wind following its exit from the technology a few years back, the state-owned utility takes the next step in developing an Irish offshore wind farm.
A string of banks and six export credit institutions, including the Danish Export Credit Agency (EKF), now put their weight behind CIP's two offshore wind farms in Taiwan's waters with a guarantee worth DKK 2.5 billion.
Two major Finnish pension funds with USD 108 in AUM are briskly moving further into ESG territory due to "massive risk" factors tied to climate change, thereby seeking to avoid the major losses and stranded assets that some analysts say will hollow out banks, insurers and asset managers that fail to adapt to a greener agenda.
The Danish infrastructure fund has now sold shares in its first two Taiwanese offshore wind farms to a couple of domestic insurance companies, thereby securing necessary capital for realizing the projects.
Norwegian Oil and Energy Minister Tina Bru states that ammonia will be set on equal footing with the period table's most basic element in the country's looming new hydrogen strategy, wherein the chemical can be used as an emissions-free marine fuel.
Rambøll is to study the possibility of creating electrofuels by mixing CO2 with hydropower from a waste disposal facility in Nuuk. In time, the solution could make Greenland a central carbon transformer and be implemented in governing Denmark.