Gastech Exhibition & Conference’s Post

Solar Power’s Giants Are Providing More Energy Than Big Oil You know ExxonMobil, Chevron, Shell, bp, TotalEnergies, ConocoPhillips, and Eni. But what about Tongwei Solar, GCL Technology Holdings Limited, Xinte Energy, LONGi Solar Green Energy, Trina Solar, JA Solar, and Jinko Solar Co., Ltd.? These solar giants are now as significant—if not more so—than traditional oil companies. In the mid-20th century, the Seven Sisters dominated the global energy landscape. Today, China's solar sector is the new disruptor. While Big Oil produces vast amounts of energy, much of it is wasted. In contrast, solar manufacturers convert their output into highly efficient, long-lasting energy. ExxonMobil produces about 8.3 exajoules (EJ) annually, Shell 6.2 EJ. However, only a fraction becomes useful power. Major solar companies now rival these outputs. For instance, Tongwei’s planned expansion could surpass ExxonMobil's energy contribution. Solar panels generate electricity for decades, outlasting oil and gas consumption. Chinese solar firms have a bigger stake in the 21st-century energy market than the Seven Sisters had in the 20th. #Growth #RenewableEnergy #Solar #Transition #Energy #Decarbonisation #Innovation #Transformation #NetZeroTransition #Sustainability #ESG I Bloomberg News I David Fickling

🌊 Riding the Wave of Change! 🌊 Offshore wind giants and oil majors BP, Equinor, Shell Energy and TotalEnergies are unveiling ambitious plans, fuelled by the plummeting levelised cost of electricity (LCOE) from €150/MWh in 2015 to less than €50/MWh in 2024! 📉 G8 Energy, with a strategic focus on advanced engineering and proprietary technologies, is all set to ride this wave of expansion, contributing to the global surge in offshore wind capacity. 🚀 🔗 𝗥𝗲𝗮𝗱 𝗺𝗼𝗿𝗲: https://buff.ly/3x6q9GC 🔗 𝗙𝗶𝗻𝗱 𝗼𝘂𝘁 𝗺𝗼𝗿𝗲: buff.ly/3LYl9FN #G8Energy #WindPro #OffshoreWindLeaders #CleanEnergyFuture

🌬️🇩🇪 Did you get wind of the news in Germany? TotalEnergies, as shareholder of Offshore Wind One GmbH, has been awarded another maritime concession by the German Federal Network Agency, following auctions held in #Germany! This success will enable us to build a 3.5 GW #offshore wind hub in German North Sea, taking benefit of the synergies between this new lease N-11.2 and the 2 GW concession N-12.1 won last year. It's a new step for the deployment of our Integrated Power #strategy in Germany and another contribution to the country’s decarbonisation targets, especially after the acquisition of Quadra #Energy, one of the top 3 aggregators of renewable electricity production and of Kyon Energy, a prominent developer of battery storage solutions. Read the press release 📰➡️ https://lnkd.in/exfWMFaM

🌬️ Expanding our offshore wind horizons! TotalEnergies has signed an agreement with RWE to acquire a 50% stake in two offshore wind projects in the North Sea: N-9.1 and N-9.2, each with a 2 GW capacity. 📍 Located 110 km off the German coast, these projects are a key part of our commitment to growing renewable energy solutions in Europe. 👉 This acquisition builds on our existing offshore wind concessions, including N-12.1, N-11.2, and O-2.2, enabling us to leverage synergies from our 6.5 GW German offshore wind hub. 🏗️ With optimized construction and operation costs, we’re positioned to contribute to decarbonizing Germany’s electricity and industrial sectors. 🇩🇪⚡ The projects are set to be commissioned in 2031 and 2032, with preliminary studies already underway. Learn more here: https://lnkd.in/e4q9A8bn #TotalEnergies #OffshoreWind #RenewableEnergy #Partnership #Germany #NorthSeaWind

🔋🌍 Advancing Sustainable Energy: A Game-Changing Acquisition by TotalEnergies! ⚡🏠 TotalEnergies has taken a significant step forward in the sustainable energy sector with its recent acquisition of the West Burton B power plant in the UK. This state-of-the-art facility, featuring three combined-cycle gas turbines and a 49-megawatt battery storage system, underscores the critical role of advanced technologies in achieving a balanced and resilient energy infrastructure. At PetroNaft Co., we are committed to supporting innovations that drive the energy sector towards a more sustainable future. This acquisition not only boosts the capacity to supply affordable and reliable energy to millions of homes but also complements the offshore wind farm efforts, creating a synergistic approach to integrated power activities. Read more about this transformative development and join the conversation on how we can collectively advance our energy systems. #petronaftco #petronaft #petro_naft #manufactory #manufacturer #refinery #supplier #import #export #petroleum #chemical #petrochemical #oil #sustainable_energy #renewable_energy #energy_innovation

We are delighted to announce our partnership agreement with DP World to explore and implement #RenewableEnergy systems across DP World's global port operations in the #MiddleEast and #Africa.⚡🌍 The agreement aims to: ⚡Boost #RenewableEnergy and battery storage adoption across DP World’s global operations. 📈Accelerate the deployment of renewables in DP World’s supply chain. ☀️Target solar and energy storage deployments in #SaudiArabia, #Senegal, and #Egypt. 🔗Read More: https://lnkd.in/dHmzV83M

Over in Europe 🌬 RWE’s recent success in securing two major offshore wind sites in Germany’s North Sea, totaling an impressive 4 GW of capacity, marks a significant leap in solidifying its position as one of the most active Developers in the Offshore Wind industry. These projects, potentially in partnership with TotalEnergies, will add to RWE's already robust portfolio. In this tender, #Luxcara (previously signed supplier agreement with Mingyang Smart Energy ) was also selected as a winner, securing the 1.5 GW site N-9.3, . The combined efforts of RWE and Luxcara in the N-9.1, N-9.2, and N-9.3 sites underscore the strategic significance of the German North Sea in Europe’s renewable energy landscape. The coming years will see RWE at the forefront of Offshore Wind development, with major projects not only in #Europe but also across #America and the #APAC region 👏 #Offshorewind #Offshorewindnews #ShirleyParsons

The Solar Boom Continues…. The global energy landscape is witnessing a significant transformation as Chinese solar companies like Tongwei Solar, LONGi Solar, Trinasolar and JA Solar are now rivaling or outperforming major oil giants such as ExxonMobil and Chevron in energy production. This shift towards sustainable energy sources not only reshapes the industry but also bestows considerable geopolitical influence on nations controlling renewable energy sources. With solar manufacturing capacity exceeding oil reserves, the long-term energy potential of solar power is surpassing traditional fossil fuels. Learn more about this groundbreaking trend in energy production: https://lnkd.in/erCQcmVr #solar #solarenergy #solarpower #solarpanels #renewableenergy #mamamoo #energy #hwasa #moonbyul #wheein #cleanenergy #3PL #Warehousing #RE

EPC and other suppliers that truly believe in the transition have invested heavily to position themselves so that when the time comes they are awarded. Such was the case this week with McDermott International, Ltd, an EPC contractor headquartered in Houston.   It has been awarded an Early contractor agreement for Canada’s first commercial green hydrogen and ammonia project in Newfoundland by Abraxas Power. This $8.72 billion Canadian project includes the development of up to a 530 turbine wind farm with the ability to generate 3.5 gigawatts of electricity and a solar photovoltaic installation with the ability to generate 150 megawatts. The facility is expected to have the capacity to produce 165kta of hydrogen and 5000 metric tons of ammonia per day. This results from McDermott taking early bets in hydrogen and energy transition space, including its collaboration with Element Fuels on its hydrogen-powered clean fuels refinery. This is also a testament that it is Houston's talent and skillset that will lead and deliver on the energy transition. #greenhydrogen #ammonia #energytransition #energycapital #climatetech #VC

The public-private partnership (PPP) formed to deliver an offshore renewable energy hub at Port-La Nouvelle today issued a tender for a study on the market for floating offshore wind. https://lnkd.in/e-Xcpa6U The PPP at the Mediterranean port aims to provide a secure energy supply for France and enable France to become a global leader in emerging renewable energy technologies. The Port of Port-La Nouvelle is currently handling components for the assembly of pilot floating wind farms that will be operational in 2025. https://lnkd.in/ezhzWppz Local fishers are also forming a consortium to transfer crews for the projects. https://lnkd.in/eWXuR235 Great to see the power of offshore wind being delivered on time with tangible benefits to the local community and businesses, and France, by leveraging the power of international public-private partnerships. #publicprivatepartnerships #offshorewind #France