Germans outline 20GW offshore blueprint

09/10/2019 09:25 Wind


Germany plans to start tenders for 5GW of new offshore wind in 2023 and start construction in 2027, a multi-state meeting in Hannover heard yesterday.

Committing to "fix the goal legally in the coming months", Lower Saxony's environment minister Olaf Lies said it "will mean a lot of work for us, in terms of rapid legal foundations as well as for the participating planning authorities, and for grid expansion on land.


"Tenders should be made by 2023, the start of construction in 2027," according to the minister who was quoted in a statement issued by the Lower Saxony environment ministry.


The meeting heard that 500 more offshore wind turbines will be needed to meet the country's new 20GW goal, which was the increase committed to last month up from the country's previous 15GW aim.


Exxon to make $500 million initial investment in Mozambique LNG project

08/10/2019 15:32:00

Exxon Mobil plans to invest more than $500 million in the initial construction phase of its liquefied natural gas (LNG) project in Mozambique.


Qatar building large CO2 storage plant

08/10/2019 15:26:00

Qatar commissioned a carbon capture-and-storage plant and aims to sequester five million tonnes of carbon dioxide from its liquefied natural gas (LNG) facilities by 2025.


Daily (08.10.2019): Higher wind power output and warmer weather pushed NBP spot 6.3% down on Monday

08/10/2019 11:10:00

Oil prices were little changed on Monday on hopes of progress in U.S.-China trade negotiations which should take place on Oct. 10-11 in a fresh effort to work out a deal. However, worsening global economic conditions still put pressure on oil demand. Hence, Brent crude ended at $58.35 a barrel, while WTI futures lost 0.1% to end at $52.75 a barrel.