Thursday, 2 January 2025

Focus on Offshore Wind

Wind turbines off the coast of Clacton-on-Sea, UK.
AnalysisElectricityHydropowerOffshore WindSolarWind

UK low-carbon renewable power set to overtake fossil fuels for first time

Wind power is close to becoming the single largest source of UK power for the first time, says Ember analysis of renewable energy...

News ReleaseElectricityNewsOffshore Wind

Seaway7 signs vessel reservation agreement for UK offshore wind farm

Luxembourg – 11 December 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that Seaway7, part of the Subsea7 Group,...

Vestas manufactures wind turbine blades (Andrew Matthews/PA)
BusinessEconomyElectricityIndustryInfrastructureManufacturingNewsOffshore WindWind

Vestas cuts hundreds of jobs on UK’s Isle of Wight

Vestas is switching from making offshore blades to smaller, onshore blades, which will only sustain 300 jobs at the site, it said.

FILE PHOTO: Workers of GE Vernova, in Nantes, France, October 17, 2024. REUTERS/Stephane Mahe/File photo
BusinessEconomyElectricityIndustryNatural GasNewsOffshore WindWind

GE Vernova cautious about wind sector as gas business soars

GE Vernova resumes wind turbine work but remains cautious, forecasting losses and shifting focus amid industry challenges.

Many of Britain’s wind farms are funded through the Contracts for Difference scheme (Ben Birchall/PA)
Contracts for DifferenceElectricityNewsOffshore WindSolarWind

Fact check: Many UK wind power auctions set prices below the current market price

There is an auction every year to allow generators of renewable energy to bid for contracts under the British scheme.

Climate FinanceElectricityNewsOffshore WindPoliticsWind

Denmark disappointed after offshore wind tender draws no bids

Danish Energy Agency says it will consult with market participants to understand why there were no bids on its offshore wind farm tender.

News ReleaseNatural GasNewsOffshore WindOil

Equinor and Shell to create the UK’s largest independent oil and gas company

Equinor UK Ltd, a subsidiary of Equinor ASA (OSE: EQNR, NYSE: EQNR, “Equinor”) and Shell UK Limited, a subsidiary of Shell plc (LSE:...

FILE PHOTO: A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James//File Photo
BiofuelsBusinessEconomyElectricityEmissionsNatural GasNewsOffshore WindOilWind

Shell slows investments in offshore wind, splits power business

Shell scales back new offshore wind investments, splits power division to cut costs, and boosts focus on oil and gas.

FILE PHOTO: Signage at a TotalEnergies gas station in Paris, France, February 6, 2024. REUTERS/Benoit Tessier/File Photo
BusinessEconomyElectricityNatural GasNewsOffshore WindOilSolarStorageTradeWind

TotalEnergies to buy German renewables developer VSB for $1.65 billion

TotalEnergies to buy German renewables firm VSB for €1.57B, boosting its wind, solar, and battery projects in key markets.

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