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🌊💡 Exciting developments in renewable energy! A new study predicts that by the 2030s, wave energy could rival the costs of offshore wind, paving the way for more diversified and sustainable energy sources. 🔗 https://hubs.li/Q02Ch5YS0 #WaveEnergy #RenewableEnergy

Our latest M&A Future of Energy newsletter reveals promising trends and developments in the European energy landscape despite a general slowdown in deal flow since Q4 2023. Here are some insights:   🌬️ Wind Energy Boost: The Netherlands awarded permits for its largest offshore wind tender, potentially doubling its offshore wind capacity. Meanwhile, the UK lifts the ban on new onshore wind farms under the new Labour government, aiming to double capacity by 2030.   💧 Hydrogen Advancements: The European Commission announced winners for its renewable hydrogen production auction, supporting projects that cover 1.5 GW of electrolyser capacity.   🔋 Strategic Investments: Significant transactions in renewable infrastructure, especially in wind farms and battery storage, are taking place in the UK, France, and Germany.   🏠 Environmental Impact: CO2 emissions from homes in the Netherlands have fallen by 38% from 1990 to 2023, with significant reductions over the past two years.   💼 Funding Opportunities: Numerous Dutch and EU funding programs are available, offering substantial grants and incentives for innovative energy projects.   Stay ahead in the energy sector! 🌱📈 Sign up for our newsletter to get the latest updates and insights https://deloi.tt/488pC3S #M&A #RenewableEnergy #Sustainability #EnergyTransition #Innovation #GreenEnergy

Italy to launch Contracts for Difference auction, including wave energy #Italy has announced to launch a Contract for Difference (CfD) auction scheme through which the government will select and support renewable energy projects. The auction scheme will include - among others - tidal and #waveenergy. Under the scheme, aid will be provided for each kWh of electricity produced and fed into the grid, which will be paid for a duration equal to the useful life of the plants. This is another step in raising the much-needed funding and support scheme’s for new renewable energy technologies. Something which was first acknowledged by the UK when they launched the first-of-its-kind CfD auction in 2014. Italy’s plans are approved by The European Commission as they align with the EU’s #EuropeanGreenDeal and the #REPowerEU Plan objectives and aims to reduce dependence on Russian fossil fuels while accelerating the green energy transition. Wavepiston greatly supports the plans from the Italian government and encourages other countries to follow their example.

Our latest M&A Future of Energy newsletter reveals promising trends and developments in the European energy landscape despite a general slowdown in deal flow since Q4 2023. Here are some insights:   🌬️ Wind Energy Boost: The Netherlands awarded permits for its largest offshore wind tender, potentially doubling its offshore wind capacity. Meanwhile, the UK lifts the ban on new onshore wind farms under the new Labour government, aiming to double capacity by 2030.   💧 Hydrogen Advancements: The European Commission announced winners for its renewable hydrogen production auction, supporting projects that cover 1.5 GW of electrolyser capacity.   🔋 Strategic Investments: Significant transactions in renewable infrastructure, especially in wind farms and battery storage, are taking place in the UK, France, and Germany.   🏠 Environmental Impact: CO2 emissions from homes in the Netherlands have fallen by 38% from 1990 to 2023, with significant reductions over the past two years.   💼 Funding Opportunities: Numerous Dutch and EU funding programs are available, offering substantial grants and incentives for innovative energy projects.   Stay ahead in the energy sector! 🌱📈 Sign up for our newsletter to get the latest updates and insights https://deloi.tt/488pC3S #M&A #RenewableEnergy #Sustainability #EnergyTransition #Innovation #GreenEnergy

Our latest M&A Future of Energy newsletter reveals promising trends and developments in the European energy landscape despite a general slowdown in deal flow since Q4 2023. Here are some insights:   🌬️ Wind Energy Boost: The Netherlands awarded permits for its largest offshore wind tender, potentially doubling its offshore wind capacity. Meanwhile, the UK lifts the ban on new onshore wind farms under the new Labour government, aiming to double capacity by 2030.   💧 Hydrogen Advancements: The European Commission announced winners for its renewable hydrogen production auction, supporting projects that cover 1.5 GW of electrolyser capacity.   🔋 Strategic Investments: Significant transactions in renewable infrastructure, especially in wind farms and battery storage, are taking place in the UK, France, and Germany.   🏠 Environmental Impact: CO2 emissions from homes in the Netherlands have fallen by 38% from 1990 to 2023, with significant reductions over the past two years.   💼 Funding Opportunities: Numerous Dutch and EU funding programs are available, offering substantial grants and incentives for innovative energy projects.   Stay ahead in the energy sector! 🌱📈 Sign up for our newsletter to get the latest updates and insights https://deloi.tt/488pC3S #M&A #RenewableEnergy #Sustainability #EnergyTransition #Innovation #GreenEnergy

𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗳𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗳𝗹𝗼𝗮𝘁𝗶𝗻𝗴 𝗼𝗳𝗳𝘀𝗵𝗼𝗿𝗲 𝘄𝗶𝗻𝗱 The global #energy landscape is undergoing a transformation with an increasing demand for clean and #renewableenergy sources. #Windenergy is a crucial player in this #transition. The technology that can increasingly contribute to this development is #floatingoffshorewind. This promising technology is key to unlocking the potential of wind energy in deeper waters. The shift to #floatingwind turbines is especially evident in countries such as Japan, France, Italy, and the U.S., where utilizing the abundant wind resources in deeper waters with fixed #windturbines is a problem. Europe, with around 80% of its #offshorewind resources at depths of more than 60 meters, is at the forefront of the development of floating offshore #windfarms, with more than 40 GW of planned capacity by 2035. Read the full article via the link below. #EnergyTransition #OffshoreWindEnergy #WindPower #FloatingWindEnergy

World’s largest: EU approves 1 MW wave energy converter for trials in Scotland ◾The world’s largest wave-energy converter device, built through a collaborative effort, is set to begin trials off the coast of Orkney, Scotland, after receiving a nod from the European Union. ◾Called Wave Energy Demonstration at Utility Scale to Enable Arrays (WEDUSEA), this 19.6 million euro (US$21.3 million) project is funded by the EU and consists of partners from industry and academia in France, Ireland, Germany, Spain, and the UK. ◾Wave energy converters (WEC) are the next frontier of clean energy technology. They can tap into the vast energy reserves in sea waves without producing planet-warming emissions. ◾While offshore wind farm installations are occurring rapidly, they are still tough to execute The WEC set for trials under the WEDUSEA project boasts an output capacity of 1 MW, the world’s largest among wave energy converters. ◾WEDUSEA will use OE35, a WEC developed by the Irish company Offshore Energy, which can also be connected to the grid. The WEC is a floating device whose lower part is open to the sea and has trapped air volume on the top. ◾When a wave arrives, the water on the lower end of the WEC oscillates, driving the trapped air through a turbine, which generates electricity. ◾As part of the WEDUSEA project, the WEC will be tested for two years at the European Marine Energy Centre (EMEC) wave energy test site at Billia Croo in Orkney, Scotland over two years to demonstrate its technical prowess as well as withstand the elements in the Atlantic waters The subsea cables at the EMEC will carry the electricity to the UK grid. ◾The WEDUSEA project consists of three phases. In the first phase, the WEC will be built according to the conditions at the EMEC test site. This will be followed by a two-year demonstration phase, which will then lead to the commercialization of the technology using data from the tests. ◾Estimates suggest that the annual production potential of wave energy is 30 TWh, about ten times Europe’s electricity consumption. The technology to realize this potential needs to be rapidly developed. The source: Interesting Engineering #energyticslimited #renewableenergy #waveenergy #waveenergyconverter #WEDUSEA

Stiesdal’s #TetraSpar #Demonstrator achieves an impressive 63% #capacity factor in its 3rd year of operation, showcasing the potential of #floatingoffshorewind. 🌬️💡 In the first two years, the unit recorded a combined capacity factor of 54%, with high floater availability rates of 97% and 98.3%. With the #availability at 99% for 2024, the capacity could very well continue to increase. This highlights the minimal impact of being a #floating #windturbine compared to traditional fixed-bottom turbines, reducing uncertainty for developers 🙌. For context, global offshore wind capacity averages 42% (Statista, 2022 data) and in Europe remained consistent at 50% in 2023 (WindEurope). 📈 The achievement underscores the progress of the #floatingwind sector, signaling promising developments ahead! 🚀 #renewableenergy #windpower 📸reNEWS - Renewable Energy News

Harnessing the Power of Floating Wind: A New Frontier in Renewable Energy Excited to share insights on how floating wind is transforming the offshore energy sector. With the ability to exploit further offshore sites, floating turbines promise better yields thanks to stronger, more consistent winds. Despite being a relatively new technology, it's already catching the eyes of investors and governments, eager to push the global energy transition forward. Ampelmann is at the forefront, providing innovative access solutions that ensure the viability and safety of these ventures into rough seas. Our E1000 system, designed for both personnel and cargo, has proven its worth in the harshest conditions, demonstrating our commitment to efficiency and safety. As floating wind prepares to take its place in the global energy infrastructure, we're ready to meet the growing demand with our advanced systems and services. Together, we're not just facing new challenges; we're unlocking new opportunities for a sustainable future. Read the full article: https://lnkd.in/eBPxVJVh #RenewableEnergy #FloatingWind #Innovation #Sustainability #OffshoreWind #Ampelmann Ampelmann Operations

Have you read Issue 81 of the OGV Energy magazine yet? "Production starts, new field development plans, and discoveries offshore Norway, Scotland's emissions targets, and a growth plan for a strong UK offshore wind supply chain were some of the major headlines in the European energy sector in the past month..." Europe Energy Review sponsored by Brimmond READ MORE: https://lnkd.in/d7sa_-z 🔗 #OGVgroup #OGVmagazine #EnergyNews #EnergySector #EuropeanEnergyReview #Issue81