RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2020-09-10 14:35:00

OFFSHORE WIND ASSETS UP

OFFSHORE WIND ASSETS UP

REUTERS - SEPTEMBER 10, 2020 - BP signed a $1.1 billion deal with Norway's Equinor on Thursday for a 50% stake in two U.S. offshore wind developments.

Analysts say the offshore wind sector provides a good route to scale for oil companies, which have recently announced lofty renewable power capacity targets as they try to curb dependence on fossil fuels and reach their climate goals.

Below is a round-up of other deals this year by European oil majors in the sector, in alphabetical order:

EQUINOR

Equinor and Japan's Jera and Electric Power Development Co (J-Power) formed a consortium to jointly submit a bid for offshore wind power projects in Akita, northern Japan.

SHELL

Shell and Dutch energy firm Eneco won a joint tender for a 750 megawatt (MW) Dutch offshore wind project to be built by 2023.

TOTAL

French energy group Total and Macquarie's Green Investment Group entered a partnership to develop five large floating offshore wind projects in South Korea

The projects have a potential joint capacity of around 2.3 gigawatts (GW), and Total and Macquarie aim to start construction of the first project of around 500 MW by the end of 2023. No financial details were revealed.

Total this year also acquired a 51% stake in SSE's Seagreen 1 British offshore wind farm project.

Total paid 70 million pounds ($91 million) upfront, with earn-outs up to 60 million pounds in aggregate, subject to performance. The 1,075 MW project should be completed in 2022-2023.

-----


Earlier:

OFFSHORE WIND ASSETS UP
2020, September, 7, 11:05:00
VOLATILITY OF RENEWABLES
Some renewable systems, such as solar and wind, are inherently intermittent.
OFFSHORE WIND ASSETS UP
2020, August, 31, 12:10:00
HURRICANE'S ENERGY: THE CHEAPEST
In terms of energy stored and released, hurricanes pack a huge punch.
OFFSHORE WIND ASSETS UP
2020, August, 14, 11:45:00
WIND, SOLAR UP DOUBLE
The data showed wind and solar power increased 14% in the first half of 2020
OFFSHORE WIND ASSETS UP
2020, August, 13, 13:25:00
RENEWABLES FOR EUROPE
According to this research, three options could be pursued individually or in combination to achieve this goal: Offshore wind power, large solar parks, and roof-top solar systems.
All Publications »
Tags: OFFSHORE, WIND, RENEWABLE