UK National Wealth Fund to ‘turbocharge’ green technology
The new National Wealth Fund will boost UK investment in green technology, according to business and trade secretary Jonathan Reynolds.
The new National Wealth Fund will boost UK investment in green technology, according to business and trade secretary Jonathan Reynolds.
Ministers said while speaking at the International Investment Summit today that the new government will turbocharge investment in green energy technologies and rip up red tape.
Prime Minister Keir Starmer said on Thursday that the government has secured more than £24 billion of private investment in domestic clean energy projects ahead of next week’s investment summit.
Developer RWE Renewables UK has hired energy services provider Kent PLC to plan a high-voltage offshore substation platform for the Five Estuaries Offshore Wind Farm off the Suffolk and Essex coast.
While it is far from being a nascent industry, offshore wind remains in its relative infancy compared to oil and gas (O&G), both in terms of development and decommissioning.
The offshore wind sector is critical to achieving net zero goals and ensuring energy security.
GE Vernova Inc. (NYSE:GEV) may cut about 900 jobs globally as it moves to shrink its offshore wind business.
Offshore wind giant RWE has recruited its biggest-ever cohort of wind turbine technician apprentices.
Marine surveys for a ScotWind floating offshore wind project may have helped solve a 107-year-old maritime mystery following the discovery of a WWI shipwreck.
Great Britain’s electricity system (Northern Ireland is part of the integrated Irish electricity grid) made a leap forward in August 2024.
The Government’s green industrial strategy is “outdated” and does not do enough to create jobs in Scotland, unions have said.
While the UK offshore wind sector breathed a sigh of relief after the latest renewables auction, frustration is mounting over delays at Scotland's Berwick Bank project.
The UK is preparing to pull back its target of building 55 gigawatts of offshore wind capacity by the end of the decade.
Westwood's senior analyst for offshore wind, Bahzad Ayoub, discusses how the energy supply chain is adapting to offshore wind.
It was hoped the revenue would help the shift from fossil fuel reliance in the vital energy industry.
In August, the International Association of Oil and Gas Producers (IOGP) celebrated its 50th anniversary since its founding in London.
Hopes of green jobs for oil and gas workers will "fall at the first hurdle" if the UK fails to build turbines for windfarms, a trades union has warned.
Equinor ASA will downsize its renewables unit and is beginning discussions with unions regarding employees at the division.
The UK renewable sector has reached a "historic milestone" with more than 30 GW of wind generation capacity deployed for the first time.
Norway’s $1.7 trillion sovereign wealth fund committed to invest €900 million ($1 billion) in Copenhagen Infrastructure Partners’ fifth flagship fund, the first time it will take an indirect stake for its unlisted renewable energy infrastructure portfolio.
Scotland could benefit from the lowest power prices in Europe if plans to introduce zonal pricing reforms go ahead, according to a study.
A turbine blade failed at the Dogger Bank offshore wind farm on Thursday morning.
I’ve lost count of how many times I’ve told someone that we’re still not thinking big enough when it comes to offshore wind in Scotland.
Orsted A/S (CPH:ORSTED) booked an impairment of more than $500 million related to an offshore wind farm in the US and a canceled green hydrogen plant in Sweden.
Equinor ASA and Dominion Energy Inc. will spend a combined $93 million on leases to develop offshore wind farms near Delaware and Virginia, despite former president Donald Trump’s vow to target the industry if he retakes office.