Bermuda and Norway-based shipping firm Avance Gas Holding has signed and completed a $104 million sustainability-linked term facility with a bank syndicate.
UK’s OGA has revealed that the decommissioning cost estimate has fallen to £46 billion (about $63.7 billion), the fourth year-on-year fall.
The U.S. Department of Energy (DOE) has made available up to $27 million in federal funding for research and development projects to convert energy from ocean waves into carbon-free electricity.
The European Marine Energy Centre (EMEC) has, on behalf of Orbital Marine Power, opened up a consultation on the decommissioning programme for the second 2MW floating tidal turbine – the O2.2 – planned for Orkney waters.
Fifteen port authorities, industry groups and environmental organizations have signed a letter calling on the US Congress to include at least $20 billion in any infrastructure deal to support the decarbonization of the shipping industry.
Days after a fire on the ocean surface dubbed the ‘Eye of fire’ in the Gulf of Mexico was put out, Mexico’s national oil company Pemex stated that environmental damage was avoided due to quick action by its workers.
The European Commission has approved a €131 million German scheme to support “the sustainable modernization” of inland waterway fleets in Germany.
Swedish marine energy developer Minesto has improved power production performance through upgrades and modifications of its DG100 tidal kite system, as key aspects of test operations and electricity production get third-party verified by DNV.
Wave Energy Scotland (WES) has selected three companies to share nearly £1.8 million to demonstrate their quick connection systems which are expected to bring down the cost of wave energy.
The €20 million EuropeWave project has invited wave energy developers to apply for funding via its innovative pre-commercial procurement (PCP) programme.
German container shipping major Hapag-Lloyd has secured from compatriot KfW IPEX-Bank its second green loan within six months aimed at financing the construction of six LNG-powered ultra large container vessels (ULCVs).
A fire on the ocean surface dubbed the “Eye of fire” that broke out early on Friday in the Gulf of Mexico near Pemex’ Ku Maloob Zaap oil development was put out.
SIMEC Atlantis Energy, the developer of the MeyGen tidal energy project, has reduced the financial losses for 2020 – the year in which MeyGen tidal array exported over 37GWh of clean power to the UK grid, breaking every record for tidal energy production set so far.
One of the largest funding programmes of the European Union, launched to accelerate the economic recovery following the coronavirus pandemic, has provided a substantial subsidy for the development of an offshore floating solar farm off the coast of The Hague in the Netherlands.
