Latest News
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30 Oct 25
Scatec third quarter 2025: Accelerating growth and continuing to deleverage
In the third quarter, Scatec continued to progress on its strategy, reinforcing its position as a leading provider of renewable energy in high-growth markets. Proportionate revenues increased by 22% to NOK 2,953 million (2,416 million), and EBITDA came in at NOK 1,063 million (1,520 million), with the third quarter last year affected by divestments gains and a catch-up payment in the Philippines. -
30 Oct 25
Portugal: OWC and Hidromod engaged for Portuguese wind farm areas
The Portuguese Institute for Sea and Atmosphere (IPMA) has appointed ABL Group company OWC and Hidromod to support the geophysical and geotechnical surveys at two wind farm areas offshore Portugal. -
30 Oct 25
Germany: Groundbreaking ceremony: RWE is constructing Germany's largest battery storage facility in Gundremmingen, Bavaria
RWE is building Germany's largest battery storage facility to date at the Gundremmingen energy site. The 400-megawatt plant will have a storage capacity of 700 megawatt hours and will use the nuclear power plant's existing grid connection, which is currently being decommissioned. -
29 Oct 25
Norwegian Offshore Directorate publishes new report on power from shore
Power from shore as replacement for gas turbines has been the most important abatement to reduce greenhouse gases emissions offshore. Since 2015, these emissions have been reduced by 4.1 million tonnes, or 27 per cent. This is reflected in the Norwegian Offshore Directorate's new report on power from shore. -
29 Oct 25
Taiwan: Acteon and Wynnergy sign strategic MOU to accelerate offshore renewable projects
Acteon, the expert in offshore infrastructure and Wynnergy Marine, a Taiwan-based marine solutions provider, have signed a strategic Memorandum of Understanding (MOU) to jointly deliver renewable energy projects across the region. -
29 Oct 25
UK: MPs call on Ofgem to tap network companies’ £4bn windfall for an ambitious new energy debt relief scheme
The call for action on consumer energy debt forms part of a series of recommendations in the first part of the Energy Security and Net Zero select committee’s report into the Cost of Energy. In the second part of the inquiry, the committee will be looking at how costs like upgrading the grid and building new sources of energy generation are making up an increasing amount of the household bill. -
29 Oct 25
Sweden: Vattenfall orders the world's first fossil-free steel dam gate from SSAB
Vattenfall and SSAB have signed a new agreement for the delivery of 120 tonnes of fossil-free steel for what will be the world's first fossil-free dam gate. The dam gate will be the largest steel component ever produced with near-zero fossil carbon dioxide emissions in the iron production. It will be installed in Vattenfall's hydropower station in Stornorrfors, Sweden, in 2028. -
29 Oct 25
UK: Offshore Energies UK survey shows reform of Energy Profits Levy needed now
More than half (55%) of the UK’s offshore energy firms have reduced their staff headcount in the past year, according to the latest Offshore Energies UK (OEUK) Pulse Survey. OEUK’s proposal to reform the Energy Profits Levy in 2026 is supported by its membership of over 420 companies spread across the UK. -
29 Oct 25
Norwegian Offshore Directorate grants Equinor a drilling permit for well 7018/5-2 in PL 1236
The Norwegian Offshore Directorate has granted Equinor a drilling permit for well 7018/5-2 in production licence 1236. -
29 Oct 25
Qatar: QatarEnergy signs 17-year LNG supply agreement with India’s GSPC
QatarEnergy has signed a 17-year Sales and Purchase Agreement (SPA) with Gujarat State Petroleum Corporation (GSPC) for the supply of up to 1 million tons per annum (MTPA) of LNG to the Republic of India. -
29 Oct 25
Solstad Maritime announces contract extension for Normand Vision
Solstad Maritime has announced the first optional 1-year contract extension for Normand Vision with Ocean Installer AS, in direct continuation of the current agreement. This extension secures operations through the end of 2027. -
29 Oct 25
India: Synergia Energy announces update on operations at its Cambay PSC onshore India
Synergia Energy has announced an update regarding its Cambay PSC (WI: 50%), onshore India. -
29 Oct 25
Uzbekistan: EBRD co-finances major renewable energy project in Central Asia
The European Bank for Reconstruction and Development (EBRD) is providing a comprehensive financing package of US$ 142 million (€121 million) for two special-purpose vehicles (SPVs) that will develop Uzbekistan’s and Central Asia’s largest combined solar photovoltaic and battery energy storage project to date.
