Seatrium’s Post

With exciting statistics reported this morning in the UK that Renewable Energy generated a record annual percentage of the UK Electricity in 2023 outstripping fossil fuels for the third time running in four years. The UK Department of Energy Security and Net Zero reported a record 17% of the UK’s electricity was produced by offshore wind (a record 49.5TWh) beating 13.8% in 2022 (45.0TWh). With UK and European success in Offshore Wind over the last decade, it no accident that global governments have been embracing and exploring offshore and how it may benefit their economies. Last year we saw Australia make huge inroads into kick starting an industry and in 2024 LATAM certainly is a pivot decision point on unlocking its industry potential!

Collaboration between government officials and industry leaders is essential in advancing renewable energy initiatives. Globalsat Group and Corio Generation are leading the way in facilitating sustainable energy growth in Greece. #globalsatgroup #CleanEnergy #Partnership #Sustanability #RenewableFuture #GreeceEnergyTransition

A Vision for Offshore Wind in LATAM Offshore wind is proving to be a game-changer in the global transition to renewable energy. Countries across the UK and Europe have harnessed its potential, demonstrating its effectiveness and reliability. From the pioneering work in Scotland and England to the rapid growth in the Netherlands and Germany, the offshore wind industry is thriving. These nations have not only reduced their carbon footprint but also created a new vibrant sector generating thousands of green jobs and stimulating economic growth. Emerging markets in LATAM also stand to benefit immensely from offshore wind. With vast coastlines and growing energy demands, these regions can leapfrog traditional fossil fuel infrastructure and build clean, resilient power systems for communities and support the attraction of inward investment. Offshore wind can provide a stable and abundant energy source, create local jobs, and drive economic development. By investing in offshore wind, emerging markets can benefit from offshore projects at a scale to secure a cleaner, more prosperous future. Through collaborative engagement and embracing innovation, together, we can create a cleaner, more prosperous future with offshore wind! 🌬 Daniel Perdomo Rodrigo Corvalan Hugo Antonio (Tono) Corvalan Dan Kyle Spearman Peter Mazurenko Úna Brosnan Tim Baker 17 Energy #offshorewind #renewableenergy #cleanenergy #climatechange #UK #Europe #sustainability #greenjobs #economicgrowth #WindPower #EnergyTransition #ClimateAction #Chile #Colombia #Brazil #OffshoreWind #RenewableEnergy #LatinAmerica #CleanEnergy #Sustainability #OceanEnergy #BlueEconomy

Morning of our Day 4 of our EY 🇦🇺Australia Future Energy Networks Tour⚡️, some highlights: Words of the day: ‘Making the energy a reality’ 💪 Our journey took us to #Adelaide, South Australia, a region witnessing a remarkable renewable energy revolution. In just eight years, South Australia has seen its demand covered by renewables soar from 36% to an impressive 75%📈, with the goal to achieve 100% renewable energy by 2027 🤯. The state stands out with one in three households boasting rooftop solar☀️🏡, a testament to the distributed nature of this energy transformation. Our day began with a visit to AGL’s Torrens Island, where we observed firsthand the strategic shift needed for the energy transition to happen. From a natural gas-fired 1280MW power station built in the 60-70’s, that is currently in decommissioning to a: -> 210MW fast gas starter generator 🏎️ -> + 250MW 1 hour duration battery - a large grid-scale battery comprised of 218, 1,3MW Wartsila Gridsolv Quantum units, that has been operational since 2023, participating in the energy market and providing support to the grid 🔋🔋🔋🔋🔋. AGL is proactively adapting, exploring diverse technologies and repurposing business models, including the development of energy hubs 🧠 in a constant effort to respond to the energy transition while maximizing the return of their assets💰. Paul Micallef Emma Hawthorne Matt Armitage Aurora Saez Armenteros Thierry Mortier Anna Montague Alannah Andreini Cara Graham Faye Griffiths Rob Rambaldi James Mraz Gregory Poussardin Samuel Pachoud Anthony Natoli Brad Cobb #der #CER #eyenergy

🌍 🌡 How can we accelerate the roll-out of renewables energy for the green transition at the scale and speed necessary to meet global targets, while ensuring that this transition is positive for local communities and contributing to nature recovery?   Today, we are delighted to announce the official launch of the Responsible Renewables Infrastructure Coalition – a group of stakeholders from the private sector and civil society organizations, including The AES Corporation, Copenhagen Infrastructure Partners, Enel Group, Iberdrola, Lightsource bp, Ørsted, RWE, Vestas, BirdLife International and The Nature Conservancy – who joined forces with the World Economic Forum, supported by our knowledge partner Accenture, to accelerate the deployment of renewable energy infrastructure both in the ocean 🌊 and on land 🌱for positive, equitable outcomes🏘️   "There is an urgent need to accelerate the energy transition. Offshore wind and other marine renewables technologies are key ocean-based climate solutions, which can deliver some of the largest contributions to closing the emissions gap. It is crucial to ensure that, during the large-scale deployment of renewables infrastructure, communities and nature remain protected, healthy and thriving." says Alfredo Giron, Head, Ocean Action Agenda, World Economic Forum.   See the press release here: https://lnkd.in/g2i4KN-h   Alfredo Giron Nava, Hanh Nguyen, Kristen Panerali, Prerana Pakhrin Misrahi, Kaila Kheirolomoom, Miguel G. Torreira, Megha Joshi   #peoplepositive, #naturepositive, #energyequity, #netzero, #energytransition, #decarbonisation #renewables #climateaction #responsible #biodiversity #localcommunities

📣 [Exit] RIVE Private Investment has successfully concluded the sale of its stake in the Goya wind project.   With this operation, ENGIE consolidates itself as the majority partner of the project, by acquiring a 51% stake jointly owned by Mirova, RIVE Private Investment, RGREEN INVEST and Après-demain SA.   Established in 2018, the Goya project is an emblematic and extensive wind portfolio in Aragon, Spain, comprising seven wind farms with a total capacity of 194 MW, fully operational since 2020. It stands out as a pioneering renewable energy initiative in Spain, being one of the first to operate without state subsidies and to secure a corporate Power Purchase Agreement. This exit confirms RIVE’s leading historical performance and precedence in the renewable energy sector, especially in Spain where RIVE sold another wind portfolio last summer. RIVE remains committed to investing in and contributing to a more sustainable economy with RIVE Infrastructure Impact Fund, supporting small-to-mid market energy transition businesses in Europe.   👉 For more information: https://lnkd.in/g83PM3xM #EnergyTransition #RenewableEnergy #WindFarm

Great news in a thriving market.

Embracing a Sustainable Future with KKR's Strategic Move in the Renewable Energy Sector We are thrilled to share an exciting development in the renewable energy industry that underscores our commitment to a sustainable future. KKR, a global investment firm, has proposed a landmark investment of €2.8 billion to acquire Encavis AG, a leading German renewable energy firm. This move is set to revolutionize the sustainable energy landscape in Europe, marking KKR's first infrastructure energy deal on the continent. Encavis AG stands at the forefront of electricity production from renewable sources, with a robust portfolio of wind farms and solar parks across 12 European countries. This acquisition aligns with the rising global demand for green energy, supported by favorable governmental policies and the increasing consumer shift towards sustainable practices. The deal not only reflects a significant premium of 29.08% but also represents a strategic move towards capitalizing on the growth potential of the renewable energy sector. It highlights the importance of technological advancements and ESG focus in driving the future of energy production. KKR's initiative is a testament to the growing trend of investments in the renewable sector, offering long-term capital for sustainable projects that promise to enhance our energy infrastructure, create job opportunities, and contribute to economic growth. As we witness this transformative phase in the renewable energy industry, we invite you to join our conversation and follow the Bayes M&A and PE Society on LinkedIn and Instagram @bayesmapesoc. Stay updated with the latest trends, insights, and developments in the M&A and private equity spaces, particularly in the renewable energy sector. Let's connect, engage, and explore the opportunities that lie ahead in shaping a greener, more sustainable future together. #RenewableEnergy #Sustainability #MandA #PrivateEquity #KKREncavisDeal #GreenEnergyTransition #BayesMAandPESociety

🌟 BlueFloat Energy was thrilled to contribute to the "Future of Energy" event organized by Solarplaza in #Amsterdam, with insights from Pablo Necochea, Floating Systems Integration Strategy Director, who participated in the "Harnessing the Potential of Offshore Wind Development" panel moderated by Doreen Abeysundra, Founder & Principal at Fresco CleanTech Solutions, and next to representatives from The World Bank, Van Oord, and #EIFO. The discussion explored crucial aspects of offshore wind's role in shaping the energy landscape. 💡 Key takeaways: ➡ Pablo emphasized the importance of effective regulation on offshore wind markets, highlighting how prevailing tender structures can either hinder or support market participation. ➡ He also described BlueFloat Energy's tailored market development approach in offshore wind. ➡Pablo stressed the need for government support in addressing infrastructure challenges in emerging offshore wind markets, particularly as regards grid expansion and port infrastructure. There is an urgent need for ambitious and well-funded grid expansion plans tailored to offshore wind, including proper sizing for efficient connectivity. 🗣 "Conventional offshore wind has thrived in the few countries lucky to have shallow waters, leaving many countries unable to tap into their offshore wind potential. Floating wind technology opens new horizons for offshore wind, providing access to stronger winds with greater siting flexibility, offering local industries an opportunity to diversify their activities and aiding coastal nations in their decarbonization efforts", Pablo concluded. In contributing to these discussions, BlueFloat Energy remains dedicated to addressing industry challenges and advancing the offshore wind sector, driving progress and innovation in energy space. 💚 #BuildingTheIndustryTogether #FutureOfEnergy #OffshoreWind #FloatingOffshoreWind #RenewableEnergy #Innovation #FloatingWind

Exciting news for the clean energy sector! A new Offshore Wind Industrial Growth Plan (IGP) has been unveiled, in collaboration with Offshore Wind Industry Council, The Crown Estate and Crown Estate Scotland. The plan aims to triple offshore wind manufacturing capacity in the UK over the next decade. Further, it will create over 100,000 jobs and unlock a £92 billion economic opportunity by 2040. The focus is on: ️✅ Building new factories and capabilities across the supply chain ✅ Investing in key technologies like blades, towers & cables ✅ Leveraging automation and AI for innovation and efficiency ✅ Creating a shared vision for industry & government funding This is a major step forward for the UK's energy transition and its position as a clean energy leader. Let's build a greener, more secure future together! Feel free to go through the 2024 Offshore Wind Industrial Growth Plan from https://lnkd.in/e9f6E6Bm #offshorewind #renewableenergy #cleantech #UKmanufacturing #greenjobs #sustainability