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Solar parts maker NorSun ends Norway ops, shifts focus to US
Category: Business News
Norwegian solar ingot and wafer maker NorSun has decided to cease domestic operations, citing the impact of low-cost imports from China and Southeast Asia, and will shift its focus to the US where it is readying a 5-GW factory. “The discontinuation of our operations in Norway is a result of oversupply and lack of regulations in […]
Source: Renewables Now
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FREYR to buy Trina Solar’s 5GW solar module facility in Texas, US
Category: Business News
The $340m transaction will close by the end of 2024. FREYR Battery has agreed to take over Trina Solar’s 5GW solar module manufacturing facility in Wilmer, Texas. The $340m transaction will close by the end of 2024, subject to customary conditions and the completion of a preferred stock issuance. Trina Solar will receive $100m in […]
Source: Power Technology
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Equinor, Standard Lithium JV selected by DOE to negotiate Arkansas project funding
Category: Business News
SWA Lithium LLC, a US subsidiary of Equinor Energy (45%) and Standard Lithium Ltd. (55%), has been selected for up to $225 million award negotiation from the US Department of Energy (DOE) as part of the US government’s investment in supply chains of domestic lithium production. This selection, overseen by the DOE’s Office of Manufacturing […]
Source: Oil & Gas Journal
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Equnior confirms gas condensate discovery offshore Norway with potential tie back plans
Category: Business News
(WO) – According to the Norwegian Offshore Directorate, Equinor and its partners have confirmed an offshore gas/condensate discovery in development well 6406/2-L-2 H, 260 km southwest of Brønnøysund. The well was drilled in connection with the Lavrans discovery, which is currently undergoing development. The objective of the well was to prove petroleum in Lower Jurassic […]
Source: World Oil
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Equinor taps new seismic data to bolster exploration and production efforts offshore Norway
Category: Business News
(Bloomberg) – Equinor ASA said new seismic data is allowing for the reassessment of offshore oil and gas resources on Norway’s continental shelf, underpinning exploration and production efforts as the company targets as many as 30 wildcat wells a year through 2035. Source: Equinor“We are basically remapping the whole Norwegian Continental Shelf with new seismic […]
Source: World Oil
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