Saturday, 22 February 2025

Focus on Offshore Wind

FILE PHOTO: The sun sets behind wind turbines at the Saint-Nazaire offshore wind farm, off the coast of the Guerande peninsula in western France, February 25, 2023. REUTERS/Stephane Mahe
AnalysisBusinessEconomyElectricityOffshore WindPoliticsWind

Global offshore wind industry poised to miss big targets as obstacles mount

Global offshore wind faces setbacks: rising costs, delays, and missed targets jeopardize renewable energy goals by 2030.

The illuminated BP logo shines brightly at a gas station during the night.
BiofuelsBusinessElectricityEmissionsHydrogenNatural GasNewsOffshore WindOilSolarWind

European oil giants step back from renewables path

European oil giants, including BP, cut back on low-carbon power and refocus on oil, gas to revive investor confidence.

Deputy First Minister Kate Forbes said the Scottish Government was determined to capitalise on the ‘opportunities’ of the net zero transition (Jane Barlow/PA)
BusinessEconomyElectricityHydrogenNewsOffshore WindPoliticsRegulationsTradeWind

Forbes vows Scotland will capitalise on ‘opportunities’ of net zero transition

Scotland aims to become a global green energy leader by fostering an investor-friendly climate for net-zero projects, says Kate Forbes.

AnalysisBusinessEconomyElectricityOffshore WindRegulationsTransmissionUtilitiesWind

Status update: UK offshore wind farms

The UK’s offshore wind farms are vital to its net-zero target, aiming for 50 GW by 2030 to power millions of homes and...

FILE PHOTO: A logo of Nexans is seen on F/UTP cable, at the Rexel Expo, at Porte de Versailles exhibition center in Paris, France June 20, 2022. REUTERS/Benoit Tessier/File Photo
BusinessElectricityInfrastructureNewsOffshore WindTradeTransmission

Offshore wind cable maker Nexans says it might turn US plant into export hub

Nexans may turn its U.S. plant into an export hub to Europe if Trump’s policies challenge U.S. offshore wind projects.

FILE PHOTO: A crane hangs over the first jacket support structure installed to support a turbine for a wind farm in the waters of the Atlantic Ocean off Block Island, Rhode Island.
BusinessElectionsElectricityNewsOffshore WindSolarWind

Siemens Energy, RWE warn of Trump fallout in US offshore wind sector

Two of the world's biggest renewables firms warn of potential delays for U.S. offshore wind sector under Trump due to policy challenges.

FILE PHOTO: Miniatures of windmill, solar panel and electric pole are seen in front of Siemens Energy logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessElectricityInfrastructureNewsOffshore WindWind

Siemens Energy won’t propose dividend for fiscal year 2024

Siemens Energy will not issue a 2024 dividend due to German-backed guarantees, pausing payouts and top-level bonuses.

FILE PHOTO: A recording light of a TV camera is flashing red as Siemens Energy CEO Christian Bruch addresses the annual results news conference in Munich, Germany, November 15, 2023.   REUTERS/Leo Simon/File Photo
BusinessManufacturingNewsOffshore WindUtilitiesWind

Siemens Energy raises mid-term outlook as turnaround gathers pace

Siemens Energy narrows Q4 losses, triples shares YTD, and raises 2028 profit outlook, driven by strong demand and order growth.

The projects are due to be completed by 2032 (Ben Birchall/PA)
BusinessElectricityInfrastructureNewsOffshore WindRegulationsTransmissionUtilitiesWind

Subsea electricity links between UK and Europe approved

Ofgem approves five new subsea power lines, boosting UK’s wind power export to Europe and aiding energy security by 2032.

A wind farm at Voe in Shetland (Andrew Milligan/PA)
AnalysisBiodiversityCarbon ManagementElectric Vehicles (EVs)ElectricityEmissionsEnvironmentHydrogenNatural GasNuclear PowerOffshore Wind

What must the UK do to reach the new goal of 81% emissions cut by 2035?

Prime Minister Starmer aims for an 81 per cent reduction in UK emissions by 2035, aligning with the Paris Agreement’s climate goals.

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