Worldwide renewable energy employment reached 12.7 million last year, a jump of 700,000 new jobs in one year despite the lingering effects of COVID-19 and the growing energy crisis, according to a new report by International Renewable Energy Agency (IRENA).
Green energy infrastructure developer Cerulean Winds has revealed it will bid for four seabed lease sites with a combined capacity of 6 GW of floating wind to decarbonise the UK’s oil and gas sector under Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round.
The transition to renewable energy is not without its challenges, but today’s markets are increasingly shifting in response to it. Understanding the massive swings in energy supply and demand taking place will enable oil and gas traders to confidently plan for the years ahead, especially as capital allocations shift in response to market signals.
Equinor, Shell, and TotalEnergies – oil and gas players that continue raising their stakes in the renewable energy sector – have been selected by the French government to participate in the country’s first tender dedicated to floating wind.
Crown Estate Scotland, which is currently reviewing the ScotWind Leasing Round applications, will open a new leasing process early next year, dedicated specifically to offshore wind projects which support the decarbonisation of the oil and gas sector, and to small-scale innovation projects of less than 100 MW.
Norway, Western Europe’s biggest oil producing nation, plans to expand its green energy industry and strengthen its power grid, but isn’t willing to budge when it comes to exploiting its oil and gas resource