Cappro news – Page 4
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CapPro newsReducing methane emissions moves up the agenda
With attention almost exclusively focused on carbon dioxide (CO2) when it comes to greenhouse gas emissions discourse, it can be easy to forget about methane – a significantly more potent greenhouse gas albeit with a shorter lifespan – and these emissions are likely much more widespread than anticipated.
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CapPro newsRWE buys Norfolk Offshore Wind Zone
After what was a turbulent year for UK offshore wind energy projects, RWE stepped up at the end fo 2023 to acquire the Norfolk Offshore Wind Zone portfolio from Vattenfall for roughly USD1.2 billion.
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CapPro newsRWE compensated for early phase-out of coal
The European Commission approved Germany’s decision to award EUR2.6 billion (USD2.8 billion) in compensation to RWE for the early phase-out of it lignite-fired power plants.
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CapPro newsPoland green-lights SMR projects as part of energy transition goals
Poland has given the green light to the construction of 24 small modular reactors (SMR) at six sites, as part of a long-term goal to phase out coal-fired power production and accelerate its energy transition.
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CapPro newsEight projects backed under CEF facility
EU member states endorsed a European Commission proposal to invest EUR594 million (USD639.8 million) of EU funds in eight cross-border energy infrastructure projects under the Connecting Europe Facility (CEF) for Trans-European Networks for Energy.
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CapPro newsUnlocking Egyptian oil and gas
Egypt has proven to be a hotbed of project logistics activity in recent years, although recent fiscal issues have proven dampened activity somewhat. Nevertheless, hydrocarbon production and investment in the upstream oil and gas sector in the Middle East and North Africa are projected to see substantial growth over the next decade, with Egypt a key player as both an investor and energy provider.
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CapPro newsUK to launch fifth offshore round in early 2024
The Crown Estate has issued details of the Celtic Sea floating offshore wind leasing round 5.
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CapPro newsEolus to buy YIT’s renewable energy division
Eolus has signed an agreement to acquire YIT Energy, the renewable energy division of Finland’s largest development and construction company YIT. The acquisition includes 2.3 GW of renewable energy projects and a team of 16 employees.
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CapPro newsUSA unveils methane reduction strategy
The US government has unveiled its final rules aimed at restricting methane emissions from its oil and gas activities.
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CapPro newsCOP28 sees 118 countries aim to triple installed renewable capacity
The COP28 climate summit has, as expected, proven to be a hotbed of top-level announcements regarding decarbonisation. On December 2, among a slew of announcements, 118 countries pledged to triple renewable energy capacity while doubling energy efficiency by 2030.
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CapPro newsInvestment summit deals self-aggrandising
Last week, the UK said that it had attracted GBP29.5 billion (USD37.4 billion) of investment for sectors including tech, life sciences, infrastructure, housing and renewable energy. Of course, the headline figures are alluring but whether they materialise in full is a different matter.
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CapPro newsCorio and bp pledge South Korean renewables investments
South Korea’s Ministry of Trade, Industry and Energy (MOTIE) said that Corio Generation and bp will invest USD1.2 billion in renewable energy projects in the country.
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CapPro newsEnergy developers welcome UK planning reform and green growth plans
The UK’s Autumn Statement came in for praise from energy industry associations and major project developers, who believe the recommendations will help stimulate a sector that has been plagued by rising costs and planning red tape.
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CapPro newsOil and gas companies at pivotal moment in energy transition, says IEA
The oil and gas sector – which provides more than half of global energy supply and employs nearly 12 million workers worldwide – has been a marginal force at best in transitioning to a clean energy system, according to a recent report from the International Energy Agency. They account for just 1 percent of clean energy investment globally – and 60 percent of that comes from just four companies.
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CapPro newsEmpire Wind gets green light
After a tricky year for US offshore wind energy project with various large-scale developments being cancelled, a positive note was struck with the Empire Wind project, located offshore New York, getting the green light.
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CapPro newsNorth Sea decommissioning a GBP20 billion opportunity
Oil and gas decommissioning has been a common feature of this publication for many years, although there has often been uncertainty around the size of the market, and the timeline as to when work will arise. Offshore Energies UK (OEUK) has put a figure on the market the North Sea ...
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CapPro newsOctopus launches offshore wind fund with Tokyo Gas
Octopus Energy’s generation arm – which manages GBP6 billion (USD7.5 billion) of green energy projects – has launched its first ever offshore wind fund.
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CapPro newsFNB Gas submits plan for 9,700 km hydrogen network in Germany
Germany’s gas transmission operator FNB Gas has submitted its draft application for the country’s hydrogen core network to the Federal Network Agency and the Federal Ministry for Economic Affairs and Climate Protection.
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CapPro newsRecord year for offshore wind energy installations, despite the headaches
Industry analyst Esgian said that several large-scale offshore wind energy projects were wrapped up in 2023, and the total installed capacity for the year is set to hit 7,426 MW.
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CapPro newsØrsted pulls plug on Ocean Wind projects but gives green light to Revolution Wind
Danish offshore wind energy developer Ørsted has completed a review of its US offshore portfolio. It will cease development of the Ocean Wind 1 and 2 projects, and it has taken final investment decision (FID) on the Revolution Wind project.