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Iberdrola, Cosmo Eco Power, and Hitz to develop Japanese offshore wind farm

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Iberdrola has increased its commitment to the Japanese offshore wind market with a new 600 MW project, following the agreement with local developer Cosmo Eco Power (a subsidiary of Cosmo Energy Holdings Co. Ltd) and engineering firm Hitz to jointly develop the Seihoku-oki project in Aomori prefecture, in the northwest of the country.
The Seihoku-oki offshore wind farm, under development, will enter round 2 of the capacity auction planned by the Japanese government between this year and 2022. Following the transaction – subject to the usual regulatory approvals – the project will be led by Iberdrola and Cosmo Eco Power, with similar voting rights, together with Hitz. ....

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Japan's Cosmo Wins Rights to Explore for Oil in Abu Dhabi

(Bloomberg) Abu Dhabi awarded Japan’s Cosmo Energy Holdings Co. the right to explore for offshore oil and natural gas as the Middle Eastern emirate seeks to expand its output capacity.Energy producers have been hit hard over the past year as the coronavirus pandemic hammered economies and crude prices plummeted. Oil and gas firms have had to cancel projects and cut spending, increasing concern that fuel may be in short supply later this decade as demand recovers.Oil companies generally need to develop new deposits simply to replace older, depleting areas, something they’ve had to do on tighter budgets due to the virus’ impact on the industry. But Abu Dhabi is taking the additional step of working through the downturn to expand its ability to pump crude.Cosmo will invest as much as $145 million in the exploration phase at Offshore Block 4, government-owned Abu Dhabi National Oil Co. said Wednesday in a statement. Abu Dhabi holds most of the oil in the United Arab ....

Abu Dhabi , Cosmo Energy Holdings Co , Offshore Oil , Oil And Gas , Middle Eastern , பிரபஞ்சம் ஆற்றல் ஹோல்டிங்ஸ் இணை , கடல் எண்ணெய் , எண்ணெய் மற்றும் வாயு , நடுத்தர கிழக்கு ,