NewEnergyNews: Oil Giants Buying In On EU Ocean Wind

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THINGS-TO-THINK-ABOUT THURSDAY, December 14:

  • Loyalty Slipping In Climate Change Loyal Opposition
  • Research Shows EVs Can Go Much Farther
  • Booming Solar Faces Tricky Future
  • Wind Floats!

    THE DAY BEFORE

  • ORIGINAL REPORTING: How California Is Easing Off NatGas With New Energy
  • ORIGINAL REPORTING: Illinois cloud computing debate could open utility rate reform
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  • Weekend Video: Tesla Adds World’s Biggest Battery To Aussie Wind
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  • FRIDAY WORLD, December 15:

  • Study Concludes 2016 Heat Was Human-Caused
  • The Big Opportunity Under Africa’s Sun
  • Wind In The Netherlands To Fly Subsidy Free
  • China To Open EV Vending Machines

    Friday, March 24, 2017

    Oil Giants Buying In On EU Ocean Wind

    Big Oil Replaces Rigs With Wind Turbines

    Jess Shankleman, March 22, 2017 (Bloomberg News)

    “…Royal Dutch Shell Plc, Statoil ASA and Eni SpA are moving into multi-billion-dollar offshore wind farms in the North Sea and beyond. They’re starting to score victories against leading power suppliers including Dong Energy A/S and Vattenfall AB in competitive auctions for power purchase contracts…[The multinational oil giants have] spent decades building oil projects offshore, and that business is winding down in some areas where older fields have drained. Returns from wind farms are predictable and underpinned by government-regulated electricity prices. And fossil fuel executives want to get a piece of the clean-energy business as forecasts emerge that renewables will eat into their market…About $99 billion will be invested in North Sea wind projects from 2000 to 2017…Current [ocean wind] projects entering operation are delivering power at about half the price of farms finished in 2012...[and costs] could fall another 26 percent by 2035…” click here for more

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