11December2018



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Petrobras Adds Offshore Wind to 2019-2023 Plan, Earmarks $0.4Bn for Renewables

Brazilian oil and gas company Petrobras will make USD 400 million (approx. EUR 351 million) available for investments in wind energy, solar energy and biofuels from 2019 to 2023.

This has been set out in the company’s new Business and Management Plan (BMP), released on 5 December together with its 2040 Strategic Plan, of which the BMP is an i

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Tractebel Completes Another Offshore Wind Buy

Tractebel Completes Another Offshore Wind Buy

Source: Tractebel[1]

Tractebel has, through its subsidiary Lahmeyer International, acquired Deutsche Offshore Consult GmbH (DOC) aiming to strengthen its position in the offshore wind industry.

The signature of the share purchase agreement took place on 5 December, while the closing of the transaction is expected to be finalized at the end of

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New Offshore Markets Up Wood Mackenzie’s Wind Outlook

New Offshore Markets Up Wood Mackenzie’s Wind Outlook

Image for illustrative purposes. Source: TEPCO[1]

Wood Mackenzie has recently upgraded its Global Wind Power Market Outlook Update: Q4 2018 by 2% compared to the outlook published in the third quarter, partly due to favourable developments in emerging offshore wind markets such as South Korea, Japan, and the USA.

More than 680GW of new wind

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Rovco Gets More Funding for New Subsea Tech

Rovco Gets More Funding for New Subsea Tech

Source: Rovco[1]

Subsea services company Rovco has secured additional funding from Innovate UK to develop the next stage of its 3D vision and Artificial Intelligence (AI) survey technology.

The AUV3D Phase 2 continues from the first phase of the project which included trials at Offshore Renewable Energy (ORE) Catapult’s renewable energy test f

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