General – Acquisition
Copenhagen Infrastructure Partners (CIP) has made a final investment decision to acquire a combined pre-treatment and biogas plant from Ørsted.
[Read more…] about CIP acquires first biogas plant in UKBP-JERA halts U.S. offshore wind plans
General – USA
The joint venture between BP and Japan’s JERA has announced it will suspend development of its only U.S. offshore wind project, Beacon Wind, citing unfavourable market conditions and escalating financial pressures across the offshore energy sector.
[Read more…] about BP-JERA halts U.S. offshore wind plansIneos halts UK investment over North Sea tax
General – Unstable Fiscal Regime
Sir Jim Ratcliffe’s Ineos Energy has halted all new investment in the UK and will divert spending to the United States, citing Britain’s ‘unstable fiscal regime’ and high energy prices.
[Read more…] about Ineos halts UK investment over North Sea taxNo new Chevron investments in Australia
General – LNG
Chevron CEO Mike Wirth noted that shifting regulations and rising labor costs in Australia may pose challenges to attracting new investment.
[Read more…] about No new Chevron investments in AustraliaShell invests in Mina West gas development
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 turbines