Hydro, Eviny, and Zephyr, all based in Norway, have joined forces to develop an onshore wind project between the cities of Høyanger and Sunnfjord. The proposed facility will require between $302 million and $403 million to build, and it will produce 1 TWh of power in total annually.
Read More
Aker Solutions has joined forces with Mainstream Renewable Power, Ocean Winds, and Statkraft for the upcoming Utsira Nord floating wind project in Norway. The companies will collaborate to develop economical, sustainable technology for the project, as per the terms of the agreement.
Read More
Norway has many natural advantages to facilitate a successful energy and climate transition. In particular, it can be well-positioned to lead the world on new technologies for decarbonising hard-to-abate sectors, such as electric vehicles, carbon capture and storage, and hydrogen, if the right policies and incentives are put in place. In this report, the IEA provides energy policy recommendations to help Norway effectively manage the transformation of its energy sector in line with its goals.
Read More
Agder Energi, a Norwegian power company, has partnered with Macquarie-owned Green Investment Group (GIG) to bid for a floating offshore wind project in the North Sea’s Utsira Nord zone. The Utsira Nord zone, with a capacity of 1.5 GW, is one of two regions where the Norwegian government has solicited license applications.
Read More
FREYR Battery, a Norwegian renewable energy storage company, has signed its first off-take agreement for at least 31 GWh of low-carbon battery cells with an unidentified energy storage system manufacturer (ESS). Based on FREYR battery cells, the two companies have committed to work together to develop unique technology solutions for the fast-growing worldwide ESS industry.
Read More
The prototype of the TetraSpar floating wind turbine, created by Stiesdal Offshore Technologies (SOT) and supported by Shell, RWE, and TEPCO, is on its way to its test location off the coast of Norway. The platform will then be linked up to the pre-installed mooring system by Bourbon Subsea Services once it arrives at its allocated place at the Metcentre site.
Read More
Shell has joined a Norwegian initiative to generate blue hydrogen for use as a maritime fuel. Shell, Aker Clean Hydrogen company, and CapeOmega, a Norwegian energy infrastructure corporation, will build a manufacturing plant in the Aukra municipality. The hydrogen will be generated using gas from Shell’s terminal in Nyhamna, Aukra, where output from the Shell-operated offshore Ormen Lange field arrives.
Read More
We are in the biggest transition our energy systems have ever seen. Renewables are growing rapidly, and over time, oil and gas will play a smaller role. The plan we present today is a strategy to take advantage of the opportunities in the transition. This is not a new direction, but we are accelerating our transition, bringing forward our ambitions while growing cash flow and returns.
Read More
Norwegian company Scatec has grid-connected and begun commercial operation of a 55 MW solar farm in Ukraine’s Cherkasy area. The project will receive a feed-in-tariff payment and is estimated to produce around 64 GWh of electricity per year. The solar plant is designed to last for more than 30 years and it will also provide clean energy to over 28,000 families each year. This is Scatec’s fifth project in Ukraine since its entry in the country in 2017.
Read More
BP has agreed to join Statkraft and Aker Offshore Wind in a consortium bidding to develop offshore wind energy in Norway. The partnership – in which BP, Statkraft and Aker Offshore Wind will each hold a 33.3 per cent share – will pursue a bid to develop offshore wind power in the Sørlige Nordsjø II (SN2) licence area.
Read More
The asset management division of Norges Bank, Norway’s central bank has confirmed that it will acquire a 50 per cent stake in the 752 MW Borssele 1 & 2 offshore wind farm located off the coast of the Netherlands developed by Ørsted. Norges Bank Investment Management (NIBM) will acquire the stake for Euro 1.375 billion using no external debt.
Read More
Everfuel is connecting the complete value chain to commercialize hydrogen fuel across Europe by adding innovations and removing inefficiencies. It aims to establish a Scandinavian fueling network with 40-50 public hydrogen stations by 2023, enabling transport in and between major cities and corridors. Check out their presentation highlighting the company’s plans in this space
Read More
Aker Horizons AS has announced the launch of a new platform company, Aker Clean Hydrogen, a pure-play industrial clean hydrogen producer that aims to emerge as the most efficient hydrogen value chain integrator on a global scale. Aker Clean Hydrogen has a portfolio of nine clean hydrogen projects and prospects with a total net capacity of 1.3 GW under development, and additional pipeline and opportunities of 4.7 GW.
Read More
Statkraft has signed a cooperation agreement with Aker Offshore and Aker Horizons to explore the possibility of developing, operating and delivering energy from offshore wind projects in Norway. The said cooperation plans to explore the possibility of setting up a bottom-fixed offshore wind project at Sørlige Nordsjø II (“SN2”).
Read More
Offshore wind is expected to become increasingly important in the global power market owing to decline in cost combined with technology advancements. Norwegian companies can capture significant shares both in domestic as well as global markets in the development, execution and operations of these offshore wind farms based on experiences in Norway and abroad.
Read More
Centrica Energy Trading, a subsidiary of Centrica PLC, has signed a long-term power purchase agreement (PPA) with Finnish renewable energy developer Taaleri Energia for procuring renewable power from the latter’s assets in Finland. As part of a five-year agreement, Centrica Energy Trading will buy power from Taaleri Energia’s 312 MW of operational renewable power portfolio spread across 13 sites in Finland.
Read More
Norwegian hydropower player Statkraft AS has signed an agreement to buy the London-based renewable...
Read More
Norway is already well advanced on the way to becoming a climate neutral society. The 5.4 million inhabitants of the country obtain 95 percent of their energy from hydropower. About 1,600 hydropower plants are distributed over the country, which at 385,000 square km is only slightly larger than Germany. Around 3.5 per cent of the electricity comes from wind power.
Read More