Portugal is beckoning a new era for offshore wind after officially signing ‘rules of procedure’ for a new Technological Free Zone located off the coast of Viana do Castelo.The news was announced during an international conference in Lisbon promoting…
Iberdrola has received a production license from the Portuguese Directorate-General for Energy and Geology of Portugal (DGEG), taking another step towards the construction of the largest wind farm in Portugal.Located in the districts of Vila Real and Braga…
Eco Wave Power has officially switched on wave energy power plant, developed in collaboration with EDF Renewables IL, at Tel Aviv’s Port of Jaffa.The EWP-EDF One project has 100 kW installed capacity and is comprised of 10 wave energy floaters…
Ocean Winds has extended its long-term operations and maintenance (O&M) contract with Principle Power for the 25 MW WindFloat Atlantic Project, the world’s first semi-submersible floating wind farm, located offshore Portugal.Since the project’s first WindFloat unit was installed in 2019…
Swedish wave energy company CorPower Ocean has partnered with SwitchH2, offshore floating production systems developer for the delivery of green hydrogen and green ammonia, to deliver industrial-scale floating green ammonia production facility partially powered by wave energy…
Norway's Equinor is trimming 20% of the staff from its renewable energy division and will compete for a smaller number of new projects as it streamlines the business unit, the company told Reuters on Thursday.The global offshore wind sector…
Soaring costs, project delays and limited investment put targets out of reachAfter a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the U…
Gazelle Wind Power, a Dublin-based developer of foundations for floating offshore wind farms, has secured investment of $12.1 million to accelerate the development of its floating wind technology.The funding round for Gazelle Wind Power was led by Indico Capital Partners…
Portugal's Galp Energia on Monday posted a 22% fall in third-quarter adjusted core profit, hit by lower oil output and a sharp drop in refining margins, but earnings still beat estimates for the period.The energy firm reported adjusted earnings before interest…
Portuguese maritime engineering company Etermar has launched Etermar Energia, a new branch dedicated to renewable energy, with a strong focus on offshore wind.Energia Energia has been established with the aim to become a strategic partner for the development of offshore wind projects worldwide…
Norwegian energy company Equinor has submitted a bid to develop an offshore wind farm together with other companies in the latest round of Japan's state auctions, two sources said, as it seeks a foothold in the fledgling market.Equinor's bid…
CorPower Ocean has secured $35 million (€32 million) funding in an investment round set up to support the commercial roll out of its wave energy technology.The Series B1 investment round was led by NordicNinja, the largest Japanese backed VC in Europe…
Brazil's Petrobras is expected to seek the entire 40% stake of Namibia's Mopane oil and gas exploration block put up for sale by Portugal's Galp, a director at the state-run oil firm said on Monday.To operate the oil field, Petrobras would need the full 40% stake…
Massachusetts and Rhode Island are moving ahead with three offshore wind projects totaling 2.9 gigawatts (GW), or enough electricity to power about 1.6 million homes, government officials announced on Friday.The project selections, following…
The Ondas de Peniche (ONDEP) project has been awarded $21 million (€19 million) from the EU’s Horizon Europe funding program to deploy a 2 MW wave energy array featuring four WaveRoller wave energy converters.The ONDEP project will start in October 2024 and last for five and a half years…
