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New York City switches on $6 billion HVDC link to fuel Big Apple with Canadian hydropower

Denmark-headquartered power cable manufacturer and installation player NKT, alongside other players breathing life into an underwater high-voltage direct current (HVDC) cable project between the U.S. and Canada, has participated in the launch of the cross-border transmission development, which opens a clean energy corridor between New York City and Québec, bringing renewable Canadian hydropower to feed the Big Apple’s green transition. The post New York City switches on $6 billion HVDC link to fuel Big Apple with Canadian hydropower appeared first on Offshore Energy.

Up to $420 million investment in North Sea subsea project unleashing more European gas

Norway’s state-owned energy giant Equinor and its partners – Petoro, Shell, TotalEnergies, and ConocoPhillips – have set their cap on investing just over NOK 4 billion (around $410–420 million) in a new subsea development, which will boost gas production from a field in the Norwegian sector of the North Sea. The post Up to $420 million investment in North Sea subsea project unleashing more European gas appeared first on Offshore Energy.