Horváth Romania’s Post

South Korea has launched a consortium to develop the world’s largest floating wind farm, marking a significant milestone in the nation’s renewable energy initiatives. The project involves an investment of approximately US$5 billion and plans to install 200 floating turbines with a total capacity of 2GW by 2030. This ambitious endeavour is expected to generate enough clean energy to power over one million homes annually. https://buff.ly/4fQ8zrG GAC South Korea welcomes this news and is well-equipped to support such large-scale sustainable initiatives. We are proud to contribute to South Korea’s vision for a greener future, enhancing energy security and promoting environmental sustainability through innovative solutions. Learn more about how we can help you in South Korea at https://buff.ly/3CFisd7 #IndustryNews #ShippingNews #GACSouthKorea #Offshore #2030 #Renewables #EnergySecurity

"Numerous” companies from Australia, Europe & North America have expressed interest to develop hydrogen sources in the Philippines for power generation, according to the Department of Energy (DOE)🇵🇭. The DOE issued new policy as it considers hydrogen as another viable alternative and cleaner energy source & aims to increase the use of renewables nationwide to meet its future requirements. Under the policy, hydrogen energy projects with the primary purpose of producing, importing & exporting green hydrogen are eligible to avail of income tax incentives. These include income tax holiday, special tax rates, net operating loss carry-over, tax exemption of carbon credits, zero percent value added tax rate and exemption from duties on renewable energy machinery, equipment and materials. The DOE has offered two (2) areas for hydrogen exploration, one is in Zambales and the other is at the western portion of Central Luzon, Philippines🇵🇭. Philippines Department of Energy (DOE) also eyes new 2,400 megawatts (SMR's) Small Modular Reactors by 2032. SMR's or advanced nuclear reactors offer a capacity of up to 300 megawatts/unit. Philippine-based Energy firms like the Manila Electric Company (MERALCO) and the Aboitiz Group, are exploring nuclear energy partnerships with several US-based firms to introduce this advance technology in the Philippines🇵🇭. The Philippines energy-mix is projected to increase from 35% percent in year 2030 to 50% percentl by year 2040, which now includes about 2,400MW of nuclear small modularn reactors and green hydrogen energy, which will complete the Philippine 🇵🇭 Energy Master plan of circular RWE economy. #PartnerInthePhilippines #PhilippineEconomy #Philippines2024 #Philippines #Switzerland #SwissChamPhilippines #WorkingTogetherToStrengthenEconomies https://lnkd.in/gjA47NDP

"Texas’s decision in 2023 to procure firm capacity resources through an outside-the-market subsidy mechanism appears typical rather than anomalous. Electric power systems in all three locations (Germany, China, Texas) sit at the leading edge of variable renewable energy penetration rates. And in all three, the procurement of firm dispatchable capacity necessary to preserve security of supply is financially unviable without new policy intervention. https://lnkd.in/gMW3n8pn

🌍 The Uruguay Way: Achieving Energy Sovereignty in the Developing World 🌱 Uruguay has become a global leader in energy sovereignty, generating 98% of its electricity from renewable sources like wind, solar, and biomass. Spearheaded by Ramón Mendéz Galain, the country’s transition to sustainable energy focused on creating affordable, clean power while steering clear of nuclear energy. 🌞🌬️ The key to Uruguay’s success? UTE, the state-owned energy utility, played a pivotal role by issuing long-term Power Purchase Agreements (PPAs) to attract private investment. This strategy not only helped diversify the energy mix but also created 50,000 jobs, significantly reducing the nation’s carbon footprint. 🌱 While Uruguay’s success offers a powerful model for developing nations, the country’s unique geography and strong political consensus were crucial to making the transition possible. Uruguay’s commitment to clean energy and sustainability is a beacon for countries looking to follow a similar path toward energy independence. ⚡ #Alberta #Calgary #Edmonton #yyc #yeg #CleanEnergy #Sustainability #RenewableEnergy #SolarEnergy #WindPower #EnergySovereignty #CarbonFootprint #ClimateAction #Uruguay #EnergyTransition #DevelopingWorld #EnergyFuture #GreenEnergy #PowerPurchaseAgreements #CleanTech Read more: https://lnkd.in/gzeDQBgk.

Europe-Africa subsea electricity interconnections (Rystad) - It takes two: North Africa-Europe interconnectors could deliver 24 GW of clean energy https://lnkd.in/dDAFXyE2

🌍 Central Asia's Green Energy Collaboration Kazakhstan, Azerbaijan, and Uzbekistan are joining forces to boost green energy exports, focusing on wind power. With Kazakhstan's goal of 50% renewable energy by 2050, this partnership aims to build a high-voltage transmission line across the Caspian Sea to supply Europe. Despite domestic energy challenges and debates over nuclear power, this alliance highlights a strong commitment to renewable energy and emission reduction. #GreenEnergy #Kazakhstan #Azerbaijan #Uzbekistan #RenewableEnergy #EnergyExport #Sustainability

The Atlantic Council, in cooperation with Serban Musneci Associates and Energynomics, has organized a breakfast & discussion session on Turkey-Romania energy dialogue for energy security on the occasion of the Atlantic Council’s Regional Conference on Clean and Secure Energy, in Istanbul. Various topics were touched on, from offshore wind, to SMRs (Small...

SONATRACH, SONELGAZ, VNG, SNAM, SEACORRIDOR and VERBUND GREEN HYDROGEN Sign a Memorandum of Understanding Relating to Green Hydrogen. SEACORRIDOR (Italy) and VERBUND GREEN HYDROGEN (Austria) signed, today, a Memorandum of Understanding in order to conduct jointly necessary studies, throughout the hydrogen value chain to assess the viability and profitability of an integrated project for the production of green hydrogen in Algeria in order to supply the European market via the “SoutH2 Corridor”. The signing ceremony took place at the Oran Convention Center (CCO) and was chaired by the Minister of Energy and Mines Mr. Mohamed ARKAB, in the presence of members of the Government, their Excellencies The Ambassadors of Italy, Germany and Austria, and also The Chairman & Chief Executive Officer of SONATRACH Group Mr. Rachid Hachichi, the Chairman & Chief Executive Officer of SONELGAZ Mr. Mourad Adjal and Mr. Hans-Joachim Polk, Member of the Board of Directors at VNG, Mr. Sergio Molisani, Chief International Officer of Snam, Mr. Francesco Caria, Chairman & Chief Executive Officer of SEACORRIDOR and Mr. Franz Helm Managing Director of VERBUND GREEN HYDROGEN. This Memorandum of Understanding will allow the parties to examine jointly the opportunity to implement an integrated multi-stakeholders project throughout the value chain of green hydrogen using the SoutH2 Corridor. SoutH2 Corridor will play a major role in the reduction of the energetic dependence on fossil energies and promoting an energy transition towards a low carbon and sustainable economy. Achieving this ambitious project has the potential to satisfy the European green energy needs and will allow to strengthen Algeria’s position as a major energy supplier to Europe. Read more here: https://fcw.sh/sGhjJR #GreenHydrogen #EnergyTransition #AlgeriaEurope #SoutH2Corridor #SustainableEnergy #EnergySupply #InternationalPartnership

France and Saudi Arabia Forge Stronger Energy Ties: Focus on Renewable Energy, Hydrogen Development, and Strategic Resource Cooperation In a joint statement released following the visit of H.E. Emmanuel Macron, President of the French Republic, to the Kingdom, both France and the Kingdom highlighted their growing collaboration in the energy sector. The statement emphasized the ongoing joint efforts in renewable energy, refining, and petrochemicals, while calling for the exploration of additional cooperation areas. Key discussions focused on ensuring the sustainability of supply chains, securing raw materials, and accessing strategic minerals crucial for industries transitioning to cleaner energy. Both nations agreed that these resources are vital for maintaining global energy security. The statement also reaffirmed the commitment to enhancing […] Read the full story here: https://lnkd.in/gnW7EwDE #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #energyties #europe #france #middleeast #renewableenergy #saudiarabia

GERMANY APPROVES HYDROGEN CORE NETWORK PROJECT Germany's Federal Network Agency (BNetzA) has approved a major hydrogen network project costing €18.9 billion. The project will create 9,040 kilometres of hydrogen transport lines by 2032, with 60% of the lines converted from existing gas pipelines and 40% newly built. The first conversions are set to start in 2025. The network aims to connect hydrogen production areas across Germany and link with neighbouring countries. In June 2024, the European Commission also approved a €3 billion aid plan to support this project. To meet its growing hydrogen needs, Germany has developed an import strategy, expecting to import up to 70% of its hydrogen by 2030. Additionally, the country plans to build 8.8 GW of hydrogen production capacity by 2035. ⚡ Follow MPS (Modern Power Systems) for all the latest news daily from the global power generation industry ⚡ #MPS #power #hydrogen #sustainableenergy #energytransition