Latest News for: Offshore investment projects


EDPR plans to invest $17.7bn in the UK energy sector by 2030

Power Technology 19 Oct 2021
This will be in addition to the £2.65bn invested in the Moray East and Moray West offshore wind projects by Ocean Winds, a joint venture between EDPR and Engie ... Ocean Winds is also awaiting the results of the ScotWind offshore leasing round, in which bids were submitted for developing both fixed and floating projects.

Portugal's EDP to invest up to 13 bln stg in UK wind and solar by 2030

Reuters 18 Oct 2021
Britain has largest offshore wind ... The 13-billion pound investment is in addition to a 2.65 billion-pound investment by Ocean Winds, EDP's 50-50 joint venture with French utility Engie (ENGIE.PA), in the Moray East and Moray West offshore wind projects in Scotland, EDP said.

TotalEnergies opens UK offshore wind hub in North Sea oil, gas center

Arab News 18 Oct 2021
“With the energy transition gathering speed, we see Scotland as a great place to broaden our relationship by investing in offshore wind ... TotalEnergies, formerly Total, also announced a £140 million investment in a 2 gigawatt offshore wind project called West of Orkney Windfarm.

AWO President & CEO Gives Remarks on Facilitating Investment in American Vessels to Support U.S. ...

Johnson City Press 18 Oct 2021
"A big part of creating the demand that stimulates investment in new vessels is getting offshore wind projects approved in a timely way, and I encourage you to think of the domestic maritime industry as your partners not only in developing vessel solutions to meet your logistics needs, but in bringing about this important new American market.".

Dominion Energy Virginia, State Corporation Commission Staff, Office of Attorney General, and Other Parties File ...

Johnson City Press 18 Oct 2021
Those investments include the development of the Coastal Virginia Offshore Wind project -- the largest on this side of the Atlantic – as well as growing one of the leading state-regulated utility solar portfolios in the country.

Saudi Arabia reveals plans for THE RIG – new ‘extreme park’ inspired by offshore platforms

Offshore Energy Today 18 Oct 2021
Saudi Arabia's Public Investment Fund has revealed its plans for THE RIG, a tourism project inspired by offshore oil platforms. The post Saudi Arabia reveals plans for THE RIG – new.. ... .

Saudi Arabia’s wealth fund unveils offshore platform tourism project

Splash24/7 17 Oct 2021
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has launched a new tourism project inspired by offshore oil platforms ... #PIF announces “THE RIG.” Project. The world’s first tourism destination inspired by offshore oil platforms.

Saudi Arabia launches first offshore platform tourism project

The Siasat Daily 17 Oct 2021
Saudi Arabia’s Public Investment Fund (PIF) on Saturday announced the launch of “THE RIG”, a new tourism project inspired by offshore oil platforms ... #PIF announces “THE RIG.” Project. The world’s first tourism destination inspired by offshore oil platforms ... The Public Investment Fund did not disclose the location of the excavator.

Treasury leak reveals rift between Johnson and Sunak over costs of zero-carbon economy

The Observer 17 Oct 2021
The Treasury is playing a crucial role in this effort, by allocating £12bn to fund the plan, setting up the UK infrastructure bank to invest in net zero, and committing to raise £15bn for projects like zero-emissions buses, offshore wind and schemes to decarbonise homes.”.

Iran Court Upholds Jail Term for UK-Iranian Aid Worker, Lawyer Says

The Algemeiner 16 Oct 2021
Zaghari-Ratcliffe, a project manager with the Thomson Reuters Foundation, was arrested at a Tehran airport in April 2016 and later convicted of plotting to overthrow the clerical establishment.Related coverage ... Saudi Arabia’s PIF Launches Offshore Platform Tourism Project.

What you need to know about Gov. Baker's clean energy proposal

Business Journal 15 Oct 2021
... Fund is part of the bill, which would also eliminate the price cap for offshore wind projects.

Hydrogen hub proposal for Scottish isles

PV Magazine 14 Oct 2021
Alongside Octopus Energy and RES' joint plan for hydrogen investment in the UK announced today, another project seeks to take advantage of offshore wind resources in the North Sea, and build a hydrogen facility at an existing oil terminal on the island of Flotta in Orkney, as well as new offshore wind farms in the vicinity.

Biden wind farm sale opens path to turbines on nearly all coasts

Finger Lakes Times 14 Oct 2021
Interior’s Bureau of Ocean Energy Management is already scrutinizing plans for nine offshore wind projects in leased areas along the East Coast, with pending proposals representing as much as 19 gigawatts of potential renewable power ... And successful litigation over project approvals could chill investment plans.

Baker to file legislation to invest in clean energy innovation, workforce development

Daily Times Chronicle 14 Oct 2021
The legislation, according to the release, will not feature a price cap provision for future allotment of offshore wind projects, which in turn will allow for greater investments in economic development, reliability, and energy storage.

2020: FDIs to Ghana fell by 52% to $2bn – World Bank

Joy Online 13 Oct 2021
FDI inflows to Senegal according to the report rose 39% to $1.5 billion due to increased investments in the energy sector and start-up of work on the largest offshore oil and gas project, the SNE Oil Field, being developed by a consortium of Australian and British companies and Petrosen (Senegal).