Cappro news – Page 7
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CapPro newsWhat’s in store for offshore wind in 2024?
Esgian Offshore Wind’s Oliver Stephenson shared his predictions for the sector in 2024. Heightened uncertainty thanks to elections in nascent and established markets is likely to have a detrimental impact on the offshore wind energy sector.
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CapPro newsWestwood calculates risk profile for offshore wind projects
Westwood Global Energy Group research indicates that out of the 380GW of pre-sanctioned offshore wind capacity that is forecast to reach FID between 2024 and 2030, nearly 40 percent of the pipeline is considered “risked”.
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CapPro newsBaker Hughes hits hydrogen milestones
Baker Hughes said that it achieved several milestones to support the growth of the hydrogen economy, including advancements in the company’s hydrogen enabling technologies and progress in executing several hydrogen projects.
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CapPro newsHydrogen sector must tackle growing pains in 2024
There is great interest in the hydrogen economy and the critical role it could play in helping to decarbonise transport, energy and industry. The sector is in its infancy but 2024 could be a landmark year, and development at-scale invariably brings about a few growing pains.
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CapPro newsNew Jersey approves more than 3.7 GW of offshore capacity
The New Jersey Board of Public Utilities (NJBPU) awarded a combined 3,742 MW of offshore wind capacity to Invenergy and energyRE’s Leading Light wind project, and the Attentive Energy Two project.
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CapPro newsSupply chain responds to European offshore wind energy indicators
The European offshore wind energy sector, while reporting a record year for installations in 2023, is still some way off track. Overall, the EU aims to install 420 GW of wind energy by 2030, up from 205 GW today. One (of many) reasons why the Continent is lagging is a result of limited supply chain investment.
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CapPro newsSolar shines in US energy mix
The USA’s Energy Information Administration (EIA) expects solar electric generation to account for 7 percent of the nation’s electricity generation in 2025, up from 4 percent in 2023, according to its January Short-Term Energy Outlook (STEO).
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CapPro newsCIP targets energy island build out
Energy islands are large-scale offshore energy hubs, which will enable the massive scaling required for the next generation of offshore wind deployment globally. Copenhagen Infrastructure Partners has developed a new company dedicated to developing these projects.
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CapPro newsTürkiye puts energy efficiency at centre of attention
Türkiye’s government has said that it will invest USD20 billion in energy efficiency schemes in the public and private sectors by 2030. Speaking at press conference last week, Turkish energy and natural resources minister Alparslan Bayraktar said, “we will save USD46 billion worth of energy by 2040” thanks to the 2030 Energy Efficiency Strategy and Action Plan.
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CapPro newsTimely progress made with low-emission steel for wind turbine towers
Despite the wind energy sector’s green credentials, the manufacture and installation of wind turbines is undoubtedly heavy industry – something that is difficult to decarbonise. Progress is being made, however, as OEMs move to eliminate CO2 from the tower manufacturing link of the chain. Progress is certainly a priority, given stringent bidding requirements seen in recent offshore rounds.
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CapPro newsNorway awards 62 production licences in latest round
Norway’s buoyant offshore oil and gas sector looks set to continue on a positive trajectory, with 62 new production licenses on the Norwegian continental shelf in the APA 2023 licensing round. Last year, 47 licenses were awarded.
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CapPro newsUpcoming offshore wind tenders
According to data from Esgian Offshore Wind, 14 countries are set to award leases for offshore wind energy projects in 2024, and six will start new auction rounds.
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CapPro newsIneos Project ONE gets green light on appeal
The environmental permit for Ineos Project ONE has been reinstated and work at the project in Antwerp, Belgium, can continue.
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CapPro newsSpanish energy strategy bears fruit
According to Spanish grid operator Red Electrica, the country hit an energy milestone with 50.4 percent of its annual demand met by renewable resources in 2023. The country’s energy strategy has been paying dividends, and more work looks set to follow.
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CapPro newsOffshore rig market to strengthen further in 2024
The offshore rig utilisation market is a useful leading indicator for the overall health of that sector, and subsequently the potential opportunities on offer for project logisticians that support the business.
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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.