The French energy giant will acquire a 51% stake in the Seagreen 1 project, which, once completed, will be Scotland’s largest offshore wind farm.
“With demand for capital high and many traditional sources of capital retreating, the fund is seeking opportunities in the global transition away from traditional hydrocarbons,” EIG President Randy Wade says.
All 50 states in the U.S. show solar job losses as the industry outpaces the overall economy in job losses, according to a new report from trade group Solar Energy Industries Association.
South Korea's SK Innovation Co. Ltd., a supplier for Volkswagen and Ford Motors, will spend $727 million to build its second electric vehicle (EV) battery plant in the United States, the company said on April 28.
Wood, the global engineering and consulting company, has secured a number of engineering, procurement and construction (EPC) onshore wind contracts in the United States worth a combined $100 million, the company said on April 14.
Increased investment in and the deployment of carbon capture technologies are needed to further the energy transition.
Oceaneering International Services Ltd. (OISL), a subsidiary of Oceaneering International Inc., said April 8 it has been awarded a contract from Moray Offshore Windfarm (East) Ltd. (MOWEL) to complete seabed route and debris clearance for the Moray East Wind Farm project in the Moray Firth, Scotland.