Cappro news – Page 3
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CapPro newsIAEA ups nuclear installation forecast to 2050
The International Atomic Energy Agency (IAEA) has revised up its annual projections for the expansion of nuclear power for a fourth successive year.
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CapPro newsSpain leads EU in green hydrogen market
Spain has the highest target for hydrogen electrolyser capacity in Europe at 11 GW by 2030. Rystad Energy believes the country can achieve 5 GW of installed capacity but loftier goals will need greater support from subsidy programmes.
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CapPro newsbp Wind Energy up for sale
bp plans to sell its existing US onshore wind energy business, bp Wind Energy, instead focussing its efforts on its Lightsource bp venture, which targets the solar market.
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CapPro newsBottlenecks stymie European progress on renewable energy
WindEurope’s Autumn Wind Energy Data shows Europe built 6.4 GW of new wind farms in the first half of 2024. Turbine orders were up year on year and auction volumes are strong, although grid bottlenecks are delaying projects. As it stands, the Continent will fall short of 2030 installation targets.
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CapPro newsEC report outlines renewable energy progress
The EU said that it has regained control over the energy market, prices, and accelerated the transition towards climate neutrality, according to the European Commission’s (EC) State of the Energy Union Report 2024.
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CapPro newsEIA: North America’s LNG export capacity to double by 2028
North America’s LNG export capacity is on track to more than double between 2024 and 2028 if projects currently under construction begin operations as planned.
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CapPro newsUK allocates 9.6 GW in AR6 with nine offshore wind projects approved
The UK’s latest annual auction for Contracts for Difference to generate clean power has secured 9.6 GW of new renewable energy capacity for the UK, including support for the world’s largest floating offshore wind farm.
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CapPro newsSwedish Kriegers Flak postponed until further notice
Vattenfall has decided to pause the development of the Swedish Kriegers Flak offshore wind farm until further notice, due to unviable investment prerequisites in Sweden.
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CapPro newsPGE Baltica selects technical advisor for offshore wind farm projects
PGE Baltica has signed an agreement with civil engineering company Ramboll Polska for technical offshore and onshore advisory services.
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CapPro newsWestwood optimistic on EARR gas basin
Mozambique and Tanzania, which house the East African Ruvuma-Rufiji (EARR) gas basin, are in a position to benefit from increasing global demand for LNG. However, the question remains as to when these countries can capitalise on their reserves.
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CapPro newsEnergy island delayed by at least three years
Denmark’s planned North Sea Energy Island has been delayed by at least three more years, according to a report from Reuters.
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CapPro newsRevolution Wind delayed as Ørsted takes measures to derisk portfolio
Ørsted has delayed commissioning of its 704 MW Revolution Wind offshore wind farm from 2025 to 2026.
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CapPro newsSubsea segment shows resilience
The subsea market segment is poised to experience a significant influx of capital, with total spending expected to exceed USD42 billion between 2024-2027.
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CapPro newsEnvironmental group calls for offshore wind energy moratorium
A GE Vernova wind turbine blade installed at the Vineyard Wind project in Massachusetts, USA failed during mid-July. With debris continuing to wash ashore, the environmentalist group Green Oceans has called for a federal and state moratorium on all offshore wind development in the wake of the incident off Nantucket.
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CapPro newsBrazil emerging as a renewable energy leader
The World Economic Forum’s (WEF) 2024 Fostering Effective Energy Transition Report has ranked Brazil as among the top 20 nations when it comes to using renewable energy.
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CapPro newsEIB activates counter-guarantees to support wind energy manufacturing
The European Investment Bank (EIB) is activating an up to EUR5 billion (USD5.46 billion) initiative to support manufacturers of wind energy equipment in Europe.
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CapPro newsCharybdis costs hit USD725 million
Dominion Energy, which is building the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project, reports that the cost of its installation vessel Charybdis has increased steeply.
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CapPro newsBattery investments to fall for first time in four years
Following four consecutive years of significant growth, 2024 is set to see a sizeable decline in global battery investments, according to Rystad Energy research.
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CapPro newsESG reporting crucial to attracting and maintaining investment
Top-quality environmental, social and governance (ESG) disclosure is crucial to attracting further investment into the UK’s oil and gas industry, according to a report from the North Sea Transition Authority (NSTA).
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CapPro newsØrsted tests ‘cheaper, faster and quieter’ monopile installation tech
Ørsted said that it has developed a quieter installation method for offshore wind foundations, dramatically reducing noise pollution.