Continuum Green Energy Files for $430 mln India IPO
Continuum Green Energy, an Indian power company, filed a 430.26-million rupee ($36.5-billion) initial public offering on Monday to capitalize on the growing demand for clean energy in India. In India, the renewable energy sector is growing rapidly. However, most of India's power is still generated by coal.
Mooreast Appoints Ellingsen as CEO
Mooreast Holdings Ltd. announced today it will appoint Mr Eirik Ellingsen, a Norwegian with deep experience in the offshore and marine sector, as Chief Executive Officer (“CEO”) amid growing adoption of floating wind energy projects worldwide.Mr Ellingsen will assume the role of CEO at Mooreast on 1 January 2025.
Rystad reports that oil majors have over 40 biofuel projects planned by 2030.
Rystad, a consultancy, said that major oil and gas companies are investing more in biofuels, betting on sustainable aircraft fuel (SAF). By 2030, 43 projects should be completed, the report stated. Energy research firm says that industry giants like ExxonMobil and Shell could increase production by 286,000 barrels a day.
The green energy arm of NTPC, a state-run company, files for a $1.2 billion India IPO
India's NTPC Green Energy filed a draft paper for a $100 billion rupee ($1,19 billion) initial IPO on Wednesday. The company is looking to capitalize on India's plans to expand its renewable energy sector and the booming equities markets. Draft papers show that the company, a subsidiary of NTPC, a state-owned energy producer…
Ukraine approves $20 billion plan to increase renewable energy by 2030
The government of Ukraine said that Ukraine needs to invest $20 billion to develop the renewable energy sector. This is part of a plan to increase the share of renewables in the country's mix by 2030. As a result, the country's energy sector lost half its generating power as a direct result of Russian drone and missile attacks. These increased in spring 2024.
GFS Storage Tanks Aid Green Energy Growth
Balmoral Tanks introduced a new range of glass fused to steel (GFS) liquid storage tanks, part of the company’s portfolio of storage tanks for the water, wastewater, anaerobic digestion and processing markets.The development follows a $20m+ investment in manufacturing facilities at its South Yorkshire…
Saipem, Equinor Working on Floating Solar Panels
Italian oilfield services firm Saipem, and Norwegian oil and gas company Equinor are teaming up to develop a floating solar panel park solution for near coastal applications and rough weather conditions.According to a statement by Saipem, the technology will be based on the in-house developed concept by offshore rig designer Moss Maritime…
AS Mosley, Fugro Get Funding for FOWT Tech
Aberdeenshire-based offshore simulation and analysis company, AS Mosley, Dutch Fugro, together with Strathclyde University, have been awarded funding from The Carbon Trust, to develop new technology for monitoring Floating Offshore Wind Turbines (FOWT). As one of eight projects to benefit from a share of £1m from The Carbon Trust…
A&P Group Now Works on Renewables Only
The global ship repair, conversion and fabrication specialist A&P Group is now using 100% renewable energy across all three of its facilities as it aims to improve its green credentials and meet Government targets.The UK-based A&P Group with three shipyards located in Hebburn, Middlesbrough and Falmouth…
Jan De Nul orders Offshore Installation Vessel
Six months after the offshore installation vessel Voltaire, Jan De Nul Group orders Les Alizés, a floating installation crane vessel from the CMHI Haimen shipyard in China.Together with the Voltaire, this new vessel will be in a super-size class of its own, capable of building the newest generation of offshore wind farms.
Mayflower Wind Bids for Massachusetts Offshore
Mayflower Wind, a joint venture of Shell and EDPR Offshore North America, has submitted proposal to the state and utility company to deliver energy from offshore wind installations.The provider of cleaner energy solutions using the power of wind announced that it is participating in the latest round…
Cheap Gas Killing US Coal -Rystad
A new study revealed that coal power is being replaced by cleaner energy sources in the US – primarily due to an abundance of cheap natural gas.According to Rystad Energy, new renewable energy capacity from solar and wind is on the rise in the US, and April 2019 marked the first month when more electricity…
Ørsted Offshore Wind Hub Comes in East Coast
Ørsted U.S. Offshore Wind announced a landmark agreement to develop Maryland’s first offshore wind energy staging center at Tradepoint Atlantic, a 3,300-acre global logistics center in Baltimore County, Maryland.Establishing a facility for offshore wind at Tradepoint Atlantic marks a major milestone…
European Consortium to Convert Coal-Fired Power Plant to Biomass
The European ARBAHEAT consortium will start a research project to investigate the conversion of the ENGIE Ultra-SuperCritical coal-fired Rotterdam power plant into a biomass-fired heat and power plant this month.The innovative technology used to produce the required steam treated biomass has been developed…
The 'Digital Twin' Evolution for Offshore Wind
Testing, inspection and certification services provider Bureau Veritas said it has partnered with Offshore Renewable Energy (ORE) Catapult in an effort to jointly develop a Veristar AIM 3D “Digital Twin” of ORE Catapult’s 7MW Levenmouth Offshore Wind Demonstration Turbine in Fife, Scotland.So-called…
In British Virgin Islands, Hurricane Whips up Green Energy Transition
Nearly a year after Hurricane Irma knocked out power across the British Virgin Islands, electricity boss Leroy Abraham will be among the last residents to have their homes reconnected.But Abraham, general manager of the British overseas territory's electricity corporation (BVIEC), has barely had time…
EnBW, Trident Winds JV for Offshore Wind Project in California
EnBW Energie Baden-Württemberg AG is continuing its strategy of capturing growth in new international markets in the renewable energy sector. Following its recent entry into Taiwan, EnBW has now expanded its activities to the United States of America by establishing a regional subsidiary, EnBW North America, and forming a joint venture with Trident Winds Inc.
REDEN Solar Enters the Portuguese Solar Market
REDEN Solar, a solar IPP from France, has acquired several existing photovoltaic power plants in Portugal, representing a total capacity of 50 MW. The French Solar project developer also announced plans to develop new projects in the country in the coming years.The company, which already has a strong presence in France and Latin America…
OutSmart, Kongsberg Join Forces on Wind Energy
Independent wind asset operations management specialist OutSmart BV has selected Kongsberg Digital AS to provide an integrated management system on the innovative Kognifai digital platform and ecosystem. The sophisticated digital solution will be used to manage OutSmart’s extensive onshore and offshore wind turbine portfolio.
India Will Need at Least $125 Bln to Fund Renewables Dream
India will need at least $125 billion to fund its ambitious plan to increase the share of renewable power supply in the country’s grid by 2022, a top government official told Reuters, underlining the immense financing challenge ahead. The South Asian nation is one of the world's most important growth markets for renewable energy.
