UK energy needs ‘north star’ for 2030, says GB Energy policy director
The UK energy sector needs a north star to “galvanise industry” and send a signal for investment, according to the state-backed energy company.
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The Centrica Interview: Chris O’Shea, chief executive officer
In our exclusive interview, Centrica boss Chris O’Shea discusses his green ambitions for Britain's multinational energy company.
Venterra secures £30m bond facility for international growth
Offshore wind services business Venterra Group has secured a £30 million bond facility from HSBC, backed by the UK government’s export credit agency UK Export Finance (UKEF).
Rockefeller targets “equitable, just and pervasive” energy transition
The president of The Rockefeller Foundation, a multi-billion-dollar philanthropic investment house that began life investing the oil profits of John D. Rockefeller, has said the firm’s priority is an “equitable” energy transition.
How can energy help achieve ‘national security’?
Energy secretary Ed Miliband told industry at the EnergyUK conference in September that reaching net zero, which the government wants to achieve by 2030, will be a matter of “national security”.
UK investment needed in Asia’s offshore wind supply chain
The Global Wind Energy Council (GWEC) has identified opportunities for experienced UK offshore wind companies to invest in the rapidly expanding Asia-Pacific markets.
Wind is the future
The UK has a renewable energy potential that any country would envy. Our island status and geographical location mean that we currently have a greater capacity for offshore wind power than anywhere except China.
Chevron launches $500 million fund to invest in clean tech
Chevron Corp.’s (NYSE:CVX) venture arm launched a fund — its third — with a $500 million commitment to invest in clean energy technologies.
We’d never have moved here if we knew more turbines were coming’: Couple fear dream move to Cabrach could turn into wind farm nightmare
Trevor Smith and his wife Dawn were shocked to discover the future plans after receiving two letters through their door.
Cohesion key to EU winning wind capacity battle
It’s great to learn that investment in wind energy across Europe more than doubled last year compared to 2022, driven by record financing of North Sea offshore wind projects.
EU trails its ambitions despite adding record wind farms in 2023
The European Union built a record number of new wind farms in 2023 but is still trailing its own targets for adding the renewable resource to its energy mix to reach its climate ambitions and cut reliance on Russian gas.
For the wind industry, the best way to make better predictions in 2024 is through technology
It is fair to say 2023 has been a tough year for the wind turbine industry. After years of exceptional growth, accelerated technology innovation and declining costs, the sector was hit with multiple challenges sending ripples of delays and doubts.
Updated: Orsted plunges on abandoned US wind plans, $4 billion writedown
Orsted A/S (CPH: ORSTED) shares slumped to their lowest level in six years after the Danish utility dropped two US wind projects and recorded 28.4 billion kroner ($4 billion) in impairments as the crisis in the wind industry is only getting worse.
World’s top renewable firms reel even as installations surge
The biggest manufacturers of wind turbines and solar panels are facing their most serious financial challenges in years even as deployments of clean energy head for an annual record.
As wind industry struggles, investors brace for Orsted losses
As the German government scrambles to prop up Siemens Energy AG, another major European wind firm faces its own moment of truth after warning of billions of euros in writedowns.
Goldwind profits plunged even as wind power surges in China
Xinjiang Goldwind Science & Technology Co., the largest wind-turbine maker, said profit plunged as a price war continues to offset some of the benefits of China’s surge in clean energy investment.
EU aims to boost its wind industry to counter China’s clean tech ambitions
The European Union launched a wind power package on Tuesday to counter the growing influence of China and spur its own industry, as the bloc focuses more firmly on China as the biggest threat to its clean-tech industry.
Wind farm builders push UK for tax breaks amid surging costs
Wind-farm developers are lobbying the UK government to give them more tax breaks in the fall budget, arguing that rising interest rates and supply-chain costs are putting the viability of some new projects in doubt.
EU aims to counter China by bolstering wind energy industry
The European Union will pledge to prop up its wind industry in the face of toughening global competition, supply-chain bottlenecks and financing concerns to ensure that the bloc can meet ambitious climate and sustainable growth plans.
BP names new floating offshore wind project ‘Flora’ after Scottish suffragette
BP has announced it will name its first floating offshore wind demonstration project in Aberdeen after Scottish medical pioneer and suffragette Dr Flora Murray.
Five ways the offshore wind industry can shake off its growing pains
By combining a flat deck carrier to load multiple jackets with HLP’s new ring crane concept, project developers could cut deployment costs by 60%
Wind sector deal to see Scotland positioned as turbine recycling hub
The Scottish government has announced plans to establish a European hub to recycle and repurpose wind turbine blades as part of a landmark deal.
Scottish research to explore combined wind and wave energy platforms
A new study will determine the potential for shared floating platforms used by offshore wind and wave energy devices.
‘Financially untenable’: Drilling body warns renewables at risk amid North Sea rig exodus
A North Sea drilling industry body has warned the viability of UK renewables projects is at risk unless the UK government changes its policy towards windfall taxes and day rates.
Siemens Energy: Wind turbines that shake and break cost their maker billions
Siemens Energy AG is struggling to contain the fallout after discovering a main piece on the frame of its wind turbine can move or twist over time.