Energy firms Orsted and Repsol join forces in Spanish offshore wind market

A Repsol logo at a petrol station in Bormujos near the Andalusian capital of Seville, southern Spain March 3, 2016. REUTERS/Marcelo del Pozo/and Denmark's Orsted are teaming up in a bid to jointly develop floating offshore wind in the nascent Spanish market, the two energy companies said on Tuesday.

"After several years of concept development and small-scale testing, floating offshore wind is now on the brink of commercialisation," Orsted said in a statement.Floating wind is still an emerging technology which is more expensive to develop than turbines fixed to the seabed. The Spanish government have announced plans to build up to 3 gigawatts of floating wind capacity by 2030.

Blowing? :-(

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NJ’s offshore wind to bring $150 billion in private investment and power thousands of jobsOne representative from a renewable energy company says New Jersey is already emerging as a national leader in offshore wind.
Source: PhillyDailyNews - 🏆 89. / 67 Read more »

Tom Brady joins ex-Teneo chief at business advisory firmNFL star Tom Brady is listed as a partner on the website of a new company run by Declan Kelly, who resigned as chief executive of consulting firm Teneo in 2021 after behaving inappropriately at a charity event. Who cares
Source: FoxBusiness - 🏆 458. / 53 Read more »

SEC chair Gensler calls for more regulation on stablecoins and crypto firms' custody, market-making armsSince confirmation as chairman, Gensler has consistently pushed for broader SEC authority over crypto exchanges. Gensler needs to be regulated :) Are you doing business in Russia?
Source: TheBlock__ - 🏆 464. / 53 Read more »