Norway’s Equinor has bought a 9.8% stake, valued at around $2.5 billion, in Danish offshore wind farm developer Orsted, seeking to strengthen its renewable energy portfolio, Reuters writes. Orsted shares have fallen 69 percent from their 2021 all-time high as the offshore wind sector grappled with rising costs and technical turbine problems. But Equinor said […]
Romania has prospects of becoming the first country from the Black Sea to start offshore wind energy production and the target is that, by 2032, Romanians will benefit from the energy produced in the Black Sea, with an installed power of at least 3GW, says the Minister of Energy, Sebastian Burduja. At the Global Offshore […]
The European Commission has approved a €10.82 billion French scheme to support the deployment of offshore wind energy, which will help foster the transition towards a net-zero economy. The scheme was approved under the State aid Temporary Crisis and Transition Framework (‘TCTF’) adopted by the Commission on 9 March 2023 and amended on 20 November […]
Iberdrola will continue to bet on offshore wind energy projects in the coming years, almost tripling the value of its assets in the sector to 17 billion euros, Ignacio Sanchez Galan, the executive chairman of Europe’s largest utility company, told shareholders on Friday. Reuters, reports Agerpres. In recent years, the Spanish energy group has focused […]
George Niculescu, currently head of ANRE, but the one who in the past developed the offshore wind farm law, spoke, in an interview for the local press, about its impact on the area. “This project means billions of euros in this area, a huge potential for the Port of Constanța, because all activities will be […]
Black Sea Oil & Gas (BSOG), a romanian independent energy company, has completed an offshore wind feasibility study of potential areas in the Romanian sector of the Black Sea. BSOG and its Midia Gas Development (MGD) partners revealed, last year, plans to use their existing MGD infrastructure to connect up to 3 GW of offshore […]
The law on offshore wind energy will enter into force on May 30, the Ministry of Energy announced on Tuesday, after the promulgation of this law by the President of Romania, Klaus-Werner Iohannis. “Romania is the first country from the Black Sea with a regulatory framework for offshore wind energy. Today, the President of Romania, […]
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