Floating offshore wind, despite the currently low installed capacity, could be the next frontier in wind power development in the Asia Pacific with almost limitless potential, says Wood Mackenzie, adding the total investment in the sector could be worth US$58 billion…
Credit: phi771/AdobeStockEmployment in the oil and gas sector, despite some expected uptick, will never return to its heydays of a few years ago, but offshore wind, however, will be 'the new hiring haven for energy jobs,' especially in the turbine making segment…
UK's export credit agency UKEF said Thursday it was providing a £200 million buyer credit guarantee to help finance the Greater Changhua 1 Offshore Wind Farm in Taiwan, 'unlocking the export potential of the UK’s offshore wind sector.''To help the UK build back greener from the pandemic…
Tekmar Energy has said it has won contracts to provide cable protection systems for two offshore wind farm projects located in the coastal province of Guangdong in southeast China.Under the contracts with unnamed clients, Tekmar Energy will…
Simec Atlantis Energy (SAE) has informed that its Scottish built tidal turbine and generation equipment have been successfully installed in the Goto Island chain in Japan. 'The tidal turbine clocked its first 10MWh of generation within the first…
France's Total posted better than expected earnings in the fourth quarter as oil prices stabilized, and said it would change its name as part of a push to diversify and grow renewable power and electricity production.The French oil and gas major…
State-owned oil companies could squander about $400 billion on investments in the next decade on new oil projects that will struggle to turn a profit as the world shifts away from fossil fuels, a non-governmental organization said on Tuesday…
South Korea unveiled a 48.5 trillion won ($43.2 billion) plan to build the world's largest wind power plant by 2030 as part of efforts to foster an environmentally-friendly recovery from the COVID-19 pandemic.The project is a major component of President Moon Jae-in's Green New Deal…
MHI Vestas Japan, a joint venture between Japan's Mitsubishi Heavy Industries, and Danish wind turbine maker Vestas Wind Systems started operations on Monday.The newly established joint venture is aimed at strengthening the two partners' collaboration in the field of renewable energies…
The Renewables Consulting Group (RCG), a sector specialist advisory firm, continues its expansion into Japan ahead of the country’s expected offshore wind industry growth. With this in mind, the company has this week appointed Hideto Seto as Associate Director…
Jack-up vessel services provider Seajacks has won a contract with Kajima Corporation to transport and install offshore wind turbines for a project in Japan.The contract, awarded to Seajack's Japanese subsidiary Seajacks Japan, is for the transport and installation of 33 MHI Vestas V117 – 4…
Japan laid out a “green growth strategy” last Friday that includes a goal to replace new gasoline-powered vehicles with electric cars by the mid-2030s to reach net-zero carbon emissions and generate nearly $2 trillion a year in green growth by 2050…
Japan will lay out on Friday a “green growth strategy” that includes a goal to replace gasoline-powered vehicles with electric cars by around 2035, the Nikkei newspaper reported.The strategy will serve as an action plan to achieve Prime Minister…
Tidal energy developer Atlantis said Tuesday its Scottish-made tidal generation equipment had arrived in Japan.The Atlantis designed and built tidal generation system has arrived in Nagasaki harbor, Japan having left Scotland in October. It…
ROV manufacturer and operator IKM Subsea Singapore has won a contract with the Norwegian offshore vessel owner Solstad for ROV services at the construction support vessel, the Normand Baltic.The contract will see IKM Subsea provide the Merlin…
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