Fossil Energy – Egypt
BG International an affiliate of Shell, has announced a final investment decision (FID) to develop the Mina West gas discovery in Egypt’s Mediterranean Sea.
[Read more…] about Shell invests in Mina West gas developmentGermany invests in Philippines
Wind Energy – Investment
Germany is making a US$6.7B investment in the Philippines for 3,260 MW of offshore wind energy.
[Read more…] about Germany invests in PhilippinesUK secures £7.5 billion Japanese investment in key growth sectors
General – Investment
The UK government has unlocked £7.5 billion of investment into key growth sectors as the Minister for Investment signed a new deal with the Sumitomo Corporation in Tokyo.
[Read more…] about UK secures £7.5 billion Japanese investment in key growth sectorsDOF invests in Modular Cable Repair Spread
General – Cable Repair
DOF has announced an investment in a first-of-its-kind, modular cable repair spread designed to transform how offshore wind operators respond to cable faults.
[Read more…] about DOF invests in Modular Cable Repair SpreadInvestment to accelerate South Korea’s transition to renewable energy
Wind Energy – South Korea
Vena Energy, a leading green energy solution provider in the Asia-Pacific region, has announced an investment to accelerate South Korea’s transition to renewable energy and enhance its energy independence.
[Read more…] about Investment to accelerate South Korea’s transition to renewable energyChina is planning more investment into offshore wind turbines
General – China
China said on Wednesday it would develop a package of major projects to tackle climate change as it moves to bring its carbon dioxide emissions to a peak before 2030 and become carbon neutral by 2060.
[Read more…] about China is planning more investment into offshore wind turbinesNext Ocean secures investment to scale offshore safety technology
General – Safety Technology
Next Ocean, a pioneer in Vessel Motion Radar technology, has secured Seed Investment from Arches Capital to drive its expansion and enhance maritime safety worldwide.
[Read more…] about Next Ocean secures investment to scale offshore safety technologyOrsted slashes 2030 investment program by 25%
Wind Energy – Investment
Denmark’s Orsted has decided to cut its 2030 investment program by 25%, the renewable energy firm said on Wednesday to Reuters, as the offshore wind industry grapples with rising costs and supply chain issues.
[Read more…] about Orsted slashes 2030 investment program by 25%Pemex plans $1.9-billion investment in offshore field
Fossil Energy – Investment
Mexico’s Pemex plans to invest USD 1.9 billion in increasing production from the Bacab mature offshore field.
[Read more…] about Pemex plans $1.9-billion investment in offshore fieldJERA committed to achieving net zero CO2 emissions by 2050
General – Investment
JERA has invested approx. 2M USD in Advanced Ionics, a US-based company, that develops a new type of electrolyzer technology that uses both electrical and thermal energy to produce hydrogen.
[Read more…] about JERA committed to achieving net zero CO2 emissions by 2050