Nasdaq The global offshore wind industry had a record year in 2021 in terms of new capacity but is still projected to fall short of the International Energy Agency’s net zero goals by 2030, a Global Wind Energy Council (GWEC) report said on Wednesday. More giant offshore turbines were installed in 2021 than in any previous year, with 21.1 gigawatts
Reuters LONDON – Cargill, one of the world’s biggest charterers of ships, is working with technology partners to fit sails on vessels in its fleet to cut carbon emissions through harnessing wind power, the U.S. agribusiness group said on Wednesday. About 90% of world trade is transported by sea and the International Maritime Organization (IMO) has said it aims to
Houston Chronicle The United States will likely spend more money developing offshore wind capacity than offshore oil and gas within the next five years, according to a new study. Installed offshore wind capacity off the coast of the United States could reach 20 gigawatts by 2030, generating annual investments of $15 billion in another five years, according to Rystad Energy, the
Source: Reuters LONDON (Reuters) – Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major’s electricity business. EOLFI has largely focused on solar and wind projects, including offshore wind farms. Offshore wind is one of the fastest growing renewables markets, with floating structures the technology’s next frontier because they
From Marine Log French automaker Groupe Renault has signed a three year agreement with Neoline, a start up that says it aims to become the first modern shipowner to fully embrace energy efficiency by relying on wind power as its primary energy source. Nearly 60% of Renault’s parts and vehicles are transported by sea. “Groupe Renault’s objective is to reduce
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