Wind Energy

South Korea Plans to Build Offshore Wind Farm

The South Korean Government has announced plans to build a 6GW floating offshore wind farm off the coast of Ulsan by 2030. President Moon Jae-in said that the project would require a KRW36tn ($32.8bn) investment and would create 210,000 jobs in the region. The wind facility is planned for the …

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Europe’s First Big Hydrogen Hub

Hydrogen, produced without carbon emissions, will find use in many sectors of a future ‘hydrogen economy.’ Its high energy intensity can make it the basis of fuels that reduce carbon emissions in the ‘hard to abate’ transportation and industrial sectors. Its unmatched capacity to store energy long term and seasonally …

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US Oil Major Chevron Enters Offshore Wind Market

U.S. oil major Chevron, together with Norwegian company Moreld Ocean Wind, is set to invest in offshore wind technology at Ocergy, a U.S. company developing a low-cost floating wind foundation and a multi-disciplinary environmental monitoring buoy. Ocergy secured the investments through its Series A equity fundraising round to accelerate the …

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Greece Prepares for Offshore Wind Farm Investments

The institutional framework for offshore wind farms and energy storage will be ready by June 2021, Environment and Energy Minister Kostas Skrekas told the Blue Economy Forum, titled “The Way to a Green Recovery,” on Tuesday. He said it would include issues of licensing, installations and connections to the power …

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