Copper Related News

Energy group Total and Macquarie unit win UK offshore wind project deal

https://www.reuters.com/article/us-total-renewables-britain-idUKKBN2A80LY

PARIS (Reuters) - French energy group Total and Macquarie’s Green Investment Group have won a new UK windpower project deal located off the East Anglian coast, the companies said on Monday.

Total and GIG said the project could deliver up to 1.5 gigawatts (GW) of renewable electricity and represents a significant early stage investment in the Boffshore wind sector for both companies.

Europe’s top energy companies have outlined plans to curb emissions and boost renewable energy output as they come under pressure from investors. Total is looking to wean itself off oil and plans to market more electricity to clients.


Amazon to buy half of the energy produced by huge offshore wind farm in the Netherlands

https://www.cnbc.com/2021/02/08/ama...reated-by-shell-wind-farm-in-netherlands.html

Amazon announced Monday it plans to buy half of the energy produced by a huge new wind farm in the Netherlands.

Shell and Eneco secured the right to build the 759 megawatt wind farm in the North Sea last July, and Amazon said it would now purchase more than 380 MW of its output to power its operations in Europe.

Amazon said the “Amazon-Shell HKN Offshore Wind Project” will be its largest single-site renewable energy project yet. The offshore wind farm is expected to be operational by 2023.

Located 18.5 kilometers off the Dutch coast and covering an area of 125 square kilometers, the wind farm will be operated by the CrossWind Consortium, which is a joint venture between Shell and Eneco.

It will reportedly feature 69 wind turbines from Siemens Gamesa that have a capacity of 11 MW and a rotor diameter of 200 meters.

The offshore wind farm will include five technology prototypes that have the potential to be implemented at full scale in the future, including a floating solar park and “optimally tuned turbines.”

Nat Sahlstrom, director of Amazon Energy at Amazon Web Services, told CNBC that the company is using its “size and scale” to try and make a difference.

″We are working with energy companies across the globe to bring on new wind and solar renewable energy projects,” said Sahlstrom via email. “We are also focusing on innovation and efficiency and looking at how we can use emerging technologies to help advance our climate goals.

These projects and more will likely drive the price of copper up IMO.

CYM in the right place at the right time.