Renewable energy-rich developing nations priced out of shipping’s $1.6 trillion energy transition opportunity

20 March 2025, London, UK — A new study released today by UMAS and UCL Energy Institute Shipping and Oceans Research Group shows that poor access to funding and higher costs of capital in developing countries could almost double the prices of e-fuels they produce, compared to developed economies—even when renewable energy resources such as onshore wind and solar are superior.

Without targeted financial support mechanisms, future e-fuel production could concentrate in already-advantaged...

https://allaboutshipping.co.uk/2025/03/20/renewable-energy-rich-developing-nations-priced-out-of-shippings-1-6-trillion-energy-transition-opportunity/

New U.K. government bets big on offshore wind

The U.K. has a new government — and it’s betting big on offshore wind. Secretary of State for Energy Security and Net Zero Ed Miliband MP today announced that the U.K.’s next renewable energy auction will have a budget of over £1.5 billion (about $1.93 billion), with the biggest boost being £1.1 billion for offshore wind. The budget is more than 50% over last year’s Contracts for Difference (CfD) auction that attracted no bids — causing international hand wringing over the future for offshore...

https://www.marinelog.com/offshore/offshore-wind/new-u-k-government-bets-big-on-offshore-wind/

PSA Mumbai is India’s first 100% renewable energy-powered container terminal

PSA Mumbai, part of the international port operating group PSA, has achieved a major milestone in its emissions reduction journey by becoming India’s first 100% renewable powered container terminal on the commissioning of its 7.8MW solar farm with O2 Power.

The post PSA Mumbai is India’s first 100%...

https://www.offshore-energy.biz/psa-mumbai-is-indias-first-100-renewable-energy-powered-container-terminal/

In focus: Energy and maritime plays shaping greener future to wean the world off fossil fuels

This week saw Europe entrench its position as the decarbonization trailblazer, with the Netherlands, Germany, Norway, Denmark, and Belgium spearheading the new wave of projects.

The post In focus: Energy and maritime plays shaping greener future to wean the world off fossil fuels appeared first on Of...

https://www.offshore-energy.biz/in-focus-energy-and-maritime-plays-shaping-greener-future-to-wean-the-world-off-fossil-fuels/