Energy Update
GustoMSC is targeting the burgeoning U.S. offshore wind energy market with an innovative jack-up design that it claims will help to reduce risk and increase efficiency when installing units offshore: the SEA-3250-LT installation jack-up.
Enel SpA is seeking acquisitions in the energy storage business, as developments in battery technology are set to play a key role for the wider adoption of renewable sources.
Big solar farms helped create a power-grid predicament in California. And now they’re offering to help solve it. Solar panels have proliferated in the Golden State, flooding the grid with power supplies in the middle of the day when the sun’s out — and then quickly vanishing after sunset.
In 2012, NSP and Del Solar merged, claiming that at 1.5-GWp the new company would be the largest cell manufacturer in the world. In 2015, Motech Solar merged with Top Cell announcing that at 3-GWp the new entity would be the largest cell manufacturer in the world.
Working closely with industry partners, University of Delaware researchers have developed a new method for constructing offshore wind farms and proven that it is cheaper, faster and could make possible offshore wind deployment at a scale and pace able to keep up with the region’s scheduled retirements of nuclear and coal-fired power plants.
(Fri, 20 Oct 2017) In 2016, Saudi Arabia was the largest exporter of total petroleum liquids (crude oil and petroleum products), with exports mostly destined to Asian and European markets. Saudi Arabia has 16% of the world's proved oil reserves, is the largest exporter of total petroleum liquids in the world, and maintains the world's largest crude oil production capacity at roughly 12 million barrels per day.
Aker Solutions has been awarded a contract for the supply of 250km of steel-tube umbilicals linking a subsea development to an existing offshore platform.
Egypt’s fledgling solar industry attracted $1.8 billion of investment, largely from the European Bank of Reconstruction and Development and the World Bank’s International Finance Corp.
The EBRD is backing 16 photovoltaic projects, and the IFC is financing 13 in the sunny North African nation with a combined capacity of 1.4 gigawatts. They are writing loans for $380 million and $203 million, respectively, and have mobilized the rest from co-investors.
A novel $160 million renewable energy project combining wind, solar and storage technologies reached financial close.
Britain’s divorce from the EU is less than 18 months away yet the arguments become more fractious and uncertainties over trading relationships seem no nearer to resolution. Among the big unknowns is what fate lies in store for the UK’s energy market and its relationship with Europe.
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