Denham Capital, the global energy transition investment firm, has completed a transaction with Equinor for the sale of certain Rio Energy assets, the Rio Energy trade name, and the management team platform. Denham Sustainable Infrastructure (“DSI”) has established a new renewable energy developer and operator, Pontal Energy, to manage the continued growth of the assets and pipeline retained by Denham in the transaction. The launch of Pontal Energy and the appointment of its management team strengthens DSI’s footprint in the region as an experienced investor in Brazilian sustainable infrastructure. Pontal…
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Global offshore wind industry to increase voltage
The offshore wind industry is increasing array voltage from 66kV to 132kV, to enable larger turbines, reduce cost and ultimately help meet global climate demands. This increase in array voltage will: Enable more efficient power collection for future wind farms globally Reduce the length of cables in the offshore wind farm Less cable will lower costs and environmental footprints Facilitate the next generation of offshore wind turbines. The industry’s last voltage shift began in 2010, when the Offshore Wind Accelerator (OWA) – Carbon Trust’s flagship research, development and deployment…
Read MoreCadent and Equinor announce plans to develop a Hydrogen Town concept in Lincolnshire
The Humber could be the location for one of the world’s first low carbon Hydrogen Towns within the decade, after Cadent and Equinor joined forces to realise this ambition. Cadent and Equinor will work together to assess what a hydrogen town conversion could look like in Lincolnshire. Converting the gas networks of a town from natural gas to 100% low carbon hydrogen would drastically reduce the carbon emissions linked to home heating and could bring down overall emissions in the town by around a quarter. Gas distribution network operator Cadent…
Read MoreNew joint industry programme launched to optimise the integration of offshore wind
A new joint industry programme launched by the Carbon Trust aims to maximise the contribution of offshore wind to a low cost, flexible, predictable and low carbon energy future. The Integrator programme has secured support from six major offshore wind farm developers: EnBW, Equinor, RWE, ScottishPower Renewables, Total and Vattenfall who will collaborate on a series of projects over the next year, as part of this first-of-a-kind, developer-led programme in this field. The successful reduction in the levelised cost of energy (LCOE) of offshore wind has contributed to increased deployment…
Read MoreEquinor sets ambition to reach net-zero emissions by 2050
Equinor announces its ambition to become a net-zero energy company by 2050. The ambition includes emissions from production and final consumption of energy. It sets a clear strategic direction and demonstrates Equinor’s continued commitment to long-term value creation in support of the Paris Agreement. “Equinor is committed to being a leader in the energy transition. It is a sound business strategy to ensure long-term competitiveness during a period of profound changes in the energy systems as society moves towards net zero. Over the coming months, we will update our strategy…
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