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Stock impact report

Offshore wind and oil and gas: a lesson in competition or coordination? [Yahoo! Finance]

TotalEnergies SE Ordinary Shares (TTE) 
Company Research Source: Yahoo! Finance
Wind energy has steadily expanded beyond onshore projects into marine spaces since the 1990s, a process that has forced the two industries to reckon with the challenges and opportunities of co-location. Now, oil and gas operators are exploring the use of wind-generated energy to power offshore installations as well as sharing or repurposing compatible infrastructure with offshore wind operators. However, difficulties remain in both the equitable distribution of resources and regulatory complications. Industry experts speak to Power Technology about the practicalities and future of co-location as the global energy transition gains pace. By 2030, nearly 15% of the forecasted 4.8 petawatt-hours (PWh) of wind power capacity will be generated from offshore projects, according to Power Technology 's parent company GlobalData The momentum of offshore wind is being driven by technological advancements as developers achieve larger installations in deeper waters to tap higher (and ofte Show less Read more
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