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.
RTE Réseau de Transport d’Electricité has issued a tender for offshore unexploded ordnance (UXO) survey along the export cable routes of the Centre Manche 1 & 2 (AO4 auction) and South Britanny (A05 auction) offshore wind farm grid connection projects.
French green hydrogen technology developer Lhyfe has started working on the installation of an electrolyser on Geps Techno’s hybrid renewable energy platform, which will produce green hydrogen from marine renewable energy sources.
Ocean Energy Europe (OEE) has signed a joint letter supporting the objectives of the REPowerEU Plan to phase out Europe’s dependency on fossil fuels faster, calling also for ‘bolder action’ on the accelerated roll-out of renewable energy.
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.
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