Norway’s Equinor and Germany’s EnBW are partnering to expand further into the offshore wind market by exploring offshore wind opportunities in Germany, Equinor said in a Feb. 17 press release.
“Together we combine excellent capability in delivering renewables projects specifically in Germany with international offshore experience, all needed to provide sustainable, reliable and affordable energy,” said Jens Økland, senior vice president for business development renewables at Equinor.
EnBW has allocated 4 billion euros to expand its renewables portfolio, particularly in wind and solar energy, and plans to have installed renewable energy capacity account for 50% of the company’s generating portfolio by 2025.
Equinor plans to increase its renewables capacity to 12 gigawatts (GW) to 16 GW by 2030. Adding further offshore developments in Germany to current offshore wind farms in operation and development stages in the North Sea and Baltic Sea (Germany, the U.K., Poland and Norway) will help to realize the company’s energy transition plans.
Germany’s largest offshore wind project, EnBW Hohe See and Albatros, was commissioned by EnBW in January 2020 and has a combined capacity of 609 megawatts (MW).
“EnBW is among today’s leaders in offshore wind in Germany,” said Michael Class, head of portfolio development renewables at EnBW. “In partnership with Equinor, a global offshore wind major, we will continue to significantly contribute to a climate-friendly energy future in Germany and Europe.”
Recommended Reading
NatGas Prices Drop After Freeport LNG Train Shutdown
2024-11-22 - Freeport LNG’s report says one of three liquefication trains went offline due to an oil lube pump issue on Nov. 20.
Darbonne: What are We Supposed to do Without Hydrocarbons?
2024-11-21 - Oil and Gas Investor asked individuals who understand fossil fuels if any “end oil” agitator has ever explained what the world would do without hydrocarbons. No, they haven’t gotten an answer either.
NatGas Storage Drops Ahead of Predictions
2024-11-21 - U.S. Energy Information Administration's weekly report shows the first withdrawal of the fall, a week before the consensus forecast.
US NatGas Prices Jump 7% to 1-Yr High on Surprise Storage Draw, Colder Forecasts
2024-11-21 - The U.S. Energy Information Administration said utilities pulled 3 Bcf of gas from storage during the week ended Nov. 15.
Permian Trends Continue to Point to Crude Growth
2024-11-20 - Smaller, more creative M&A deals are becoming the standard in the Permian’s Midland and Delaware basins, an Enverus analyst says.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.