Oil Company Gulf Energy Sells 50% Stake In German Wind Farm Updated On Thu, Aug 18th, 2022 by Saurenergy Leading oil company Gulf Energy Development Public Company Limited has notified the Stock Exchange of Thailand that that it is divesting more than 50 per cent stake in its Germany based wind farm. The disinvestment is taking place at EUR 305 million. Gulf Energy said that through its wholly owned subsidiary, Gulf International Holding Pte. […] Read more
Offshore Wind Market Player Magnora Gets Authorisation To Develop Solar Project In South Africa Updated On Wed, Aug 17th, 2022 by Saurenergy Norway-based renewable energy player Magnora ASA has announced that one of its solar power projects in South Africa has been granted environmental authorization, which it claims to be a major milestone for the project. According to the official statement of Magnora, the approved solar project will have a total installed capacity of approximately 260 MW […] Read more
German Energy Major RWE Invests USD 2 Billion In Renewables, Sees Profits In H1 Updated On Tue, Aug 16th, 2022 by Saurenergy In 2021, the German energy giant RWE onshore renewables segment underwent a significant overhaul. The division returns to profitability in the first half of 2022 after a weak first half of the 2021 result. The company claims that it invested €2 billion (US$2.04 billion) in the growth of its green portfolio during the first half […] Read more
Inflation Reduction Act (IRA) 2022: A Bill To Make US ‘The Clean Energy Leader’ Updated On Tue, Aug 16th, 2022 by Saurenergy On August 7, 2022, the US Senate approved a Bill titled the Inflation Reduction Act (IRA) 2022 after a series of discussions and debates between the Democrats and Republicans. What makes the Bill more interesting is its special focus on climate friendly provisions. Climate action has been a priority ever since President Joe Biden came […] Read more
Ørsted Collaborates With Vietnamese Energy Player For Wind Projects Updated On Tue, Aug 9th, 2022 by Saurenergy Danish utility and global offshore wind leader Ørsted has declared that it has signed a memorandum of understanding (MoU) with Vietnamese energy contractor PetroVietnam Technical Services Corporation Mechanical & Construction (PTSC M&C). This partnership will pave the way for a collaboration for the development of offshore wind projects in Vietnam and globally between the two […] Read more
Octopus Energy, Nest And GLIL Invest £200 Million In Hornsea One Updated On Mon, Aug 8th, 2022 by Saurenergy Octopus Energy Generation’s fund management group has invested £200 million in Hornsea One. For a sum of £400 million, the company has purchased a 12.5% share from Global Infrastructure Partners through a joint venture with GLIL Infrastructure, which is also contributing £200 million. A £3.6 billion fund called GLIL makes infrastructure investments on behalf of […] Read more
World’s First Subsidy-Free Offshore Wind Farm In Netherlands Produces First Power Updated On Mon, Aug 8th, 2022 by Saurenergy The 1.5GW Hollandse Kust Zuid offshore wind farm, the first subsidy-free offshore wind farm in the world, has started producing power and supplying it to the Dutch electrical grid. Swedish power company Vattenfall won the right to build all four allotments in the Hollandse Kust Zuid. No financial aid from the government was required or […] Read more
Wood To Deliver Design Services For Floating Wind Farm In Scotland Updated On Mon, Aug 8th, 2022 by Saurenergy Engineering and project management company Wood has announced that it has been awarded the Principal Designer and Pre-FEED scope for Salamander, the 100MW floating wind farm development located off East Coast of Scotland. The Salamander project is a joint venture between Simply Blue Group, Orsted and Subsea 7. The official statement of Wood held that […] Read more
First Offshore Wind Farm Order In Japan Goes To Siemens Gamesa Updated On Mon, Aug 1st, 2022 by Saurenergy Global RE conglomerate, Siemens Gamesa Renewable Energy has announced that it has received an order for the 112 MW Ishikari offshore wind power project from Green Power Investment. This project is the first firm offshore order in Japan for offshore wind turbines maker. The official statement of Siemens Gamesa said that the order includes 14 […] Read more
