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Equinor Exploring Korean Offshore Wind Opportunities (Int'l. Report)
Equinor,Korea East-West Power
Date: 2019-05-06
Norwegian energy giant Equinor has partnered with Korea National Oil Corporation, Korea East-West Power Company and Ulsan City to explore floating offshore wind opportunities.

To that end, a memorandum of understanding (MoU) has been signed with Ulsan City, a major South Korean maritime shipping center, and an amendment made to include Korea East-West Power Company in a previously executed MoU with Korea National Oil Corporation. (Source: Equinor, PR, Smart Energy, 3 May, 2019) Contact: Korea National Oil Corporation, www.knoc.co.kr; Korea East-West Power, www.ewp.co.kr/eng; Equinor, www.equinor.com/en

More Low-Carbon Energy News Equinor,  Offshore Wind,  


Oxford PV Raises £31Mn for Solar Cell Commercialization (Int'l)
Oxford PV
Date: 2019-03-18
UK perovskite solar firm Oxford PV reports it has raised £31 million ($41 million) following the first close of its Series D funding round. The new funds are earmarked for advancing the company's perovskite based solar cell technology into the commercial phase.

Investors included Chinese wind turbine maker Xinjiang Goldwind Science & Tech Co Ltd., Norwegian oil and gas major Equinor ASA and the venture capital arm of Legal & General Group Plc. The company has raised mare than £76 million over the last five years, including €15 million ($17 million) in financing from the European Investment Bank (EIB). (Source: Oxford PV, Renewables, 15 Mar., 2019) Contact: Oxford PV, +44 1865 951 500, info@oxfordpv.com, www.oxfordpv.com

More Low-Carbon Energy News Oxford PV,  Solar,  EIB,  perovskite solar cell,  


Equinor Awarded Seabed CO2 Storage Exploration Permit (Int'l)
Equinor
Date: 2019-01-16
The Norwegian Government reports it has awarded an exploitation permit for CO2 storage on the Norwegian Continental Shelf to Norwegian multinational energy company Equinor. The permitted area is close to the Troll oil and gas field in the North Sea.

Equinor is currently performing front-end engineering and design (FEED) studies on storage with project partners Shell and Total. The FEED-studies will provide more accurate cost estimates necessary for an investment decision. Equinor will next prepare a Plan for Development and Operations (PDO) scheduled for delivery in 2019. An investment decision for the Norwegian full-scale CCS project is expected in 2020/2021. (Source: Equinor, Gas World, 14 Jan., 2019) Contact: Equinor, www.equinor.com/en

More Low-Carbon Energy News Equinor,  CCS,  Seabed Carbon Storage,  


Equinor Licensed to Build Norwegian Seabed CO2 Storage (Int'l)
Equinor
Date: 2019-01-11
In Oslo, Reuters is reporting the Norwegian Oil Ministry has awarded a license to Oslo-headquartered Equinor to develop carbon dioxide (CO2) storage under the North Sea. The company is now expected to submit a development plan for the Norwegian parliament's approval in 2020 or 2021. The preliminary estimates from 2016 showed it could cost approximately $852 million to establish a full CCS chain, including CO2 transportation by ships and the sub-sea storage.

The planned storage will be located near Norway's largest oil and gas field, Troll, and aims to be able to receive CO2 from onshore power, cement plants and sources. About 1.5 million tpy of CO2 could be stored beneath the seabed during the first phase of the project, according to Equinor.

If approved, the storage operation is expected to begin operations operations in 2023 or 2024. (Source: Equinor, Gassnova, Reuters, 11 Jan., 2019) Contact: Equinor, www.equinor.com/en

More Low-Carbon Energy News Equinor,  Carbon Sequestration,  CO2,  Carbon Storage,  


US Offshore Wind Auction Draws $405Mn in Bids (Ind. Report)

Date: 2018-12-17
In Washington, the US Department of Interior (DoI) is reporting its recent offshore wind lease auction of about 390,000 acres off the coast of Massachusetts has drawn a record $405 million in winning bids from Equinor Wind, Vineyard Wind and Mayflower Wind.

If fully developed, the three parcels near Martha's Vineyard and Block Island could generate about 4.1 gigawatts of energy -- sufficient power for as many as 1.5 million homes.

There are currently 15 active wind leases in federal waters that have generated more than $473 million in winning bids for nearly two million acres in federal waters, according to BOEM. (Source: US DoI,Workboat,Various Media, 14 Dec., 2018) Contact: Equinor Wind,(508) 717-8964, Vineyard Wind, www.equinor.com;www.vineyardwind.com

More Low-Carbon Energy News Offshore Wind,  Equinor Wind,  ,  Mayflower Wind Energy ,  Vineyard Wind,  


Petrobras, Equinor Explore Brazil Offshore Wind Opportunity (Int'l)
Petrobras,Equinor
Date: 2018-10-03
Petrobras reports it has inked has a MOU with Oslo, Norway-based Equinor -- fka Statoil -- to evaluate an offshore wind development in Brazil. The two companies have been researching other potential areas for cooperation including the development of renewable energy initiatives.

Petrobras has four wind farms in partnership, totaling 104 MW in installed capacity. The company also owns a 1.1 MW solar photovoltaic power research and development plant in Rio Grande do Norte where the operations of four types of technology are currently under evaluation.

Equinor operates three wind farms along the coast of the U.K. and is involved in offshore wind projects in the U.K., Germany and the U.S.(Source: Petrobras, Maritime Exec., 2 Oct., 2018)Contact: Petrobras , Pedro Parente, CEO, sac@petrobras.com.br, www.petrobras.com; Equinor, www.equinor.com/en

More Low-Carbon Energy News Petrobras,  Wind,  Brasil Wind,  Equinor,  


Scatec, Equinor Ink 117MW Argentinian Solar Agreement (Int'l)
Martifer Renewables
Date: 2018-06-20
In Norway, Oslo-headquartered Scatec Solar reports it has in a 50/50 JV with Equinor inked an agreement with the Lisbon, Portugal-based company Martifer Renewables for the acquisition of the 117 MW PV project Guanizuil IIA located in the Province of San Juan in the northwest of Argentina.

The project is expected to produce about 308,000 MWh of electricity per year and has a 20-year Power Purchase Agreement (PPA) with CAMMESA.

Construction is expected later in 2018 for commercial operation by the end of 2019.

Argentina is targeting 20 pct of its power generation to be from renewable sources by 2025, and estimates that 10 GW of additional renewable capacity is needed.

Scatec Solar will on a 50/50 joint venture basis together with Equinor build, own and operate the power plant at an estimated cost of $95 million.

Scatec Solar is an integrated independent solar power producer that develops, builds, owns, operates and maintains solar power plants and has an installation track record of 1,000 MW. The company holds 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and has 1,092 MW under construction. With an established global presence and a significant project pipeline, the company is targeting a capacity of 3.5 GW in operation and under construction by end of 2021. (Source: Scatec Solar, 19 June, 2018) Contact: Scatec Solar, Raymond Carlsen, CEO +47 976 99 144, www.scatecsolar.com; Martifer Renewables, http://martifer.com/pt/grupo/institucional/areas-de-negocio/martifer-renewables; Equinor, www.equinor.com/en

More Low-Carbon Energy News Martifer,  Equinor,  Scatec Solar,  Solar,  

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