Global offshore wind farm capacity could grow eightfold by the end of the decade with Chinese installations powering much of the clean energy surge. A new industry report from the Global Wind Energy Council (GWEC) has revealed stronger than expected growth for the offshore wind sector,...
Thailand’s Gulf Energy Development will pay US$631 million to Global Infrastructure Partners (GIP) for a 50% stake in the Borkum Riffgrund 2 Offshore Wind Farm (BKR2 Project) in the German North Sea. The latest overseas investment by Thailand’s second largest power producer will see it enter...
Surging wind power propelled renewable energy to provide almost half of the UK’s electricity in the first three months of the year, smashing the previous quarterly clean energy generation record set last year, Official government data has shown that renewable energy accounted for 47% of the...
The offshore wind industry could provide up to 1.4TW of renewable energy capacity by 2050, according to the Ocean Renewable Energy Action Coalition (OREAC). OREAC, which includes major players in the offshore wind sector such as Ørsted and Equinor, said the figure is possible given the...
SSE Renewables has reached financial close on the 1075MW Seagreen offshore wind project off the coast of Scotland after reaching a deal with Total for a 51% stake in the venture. The clean energy developer will sell the shareholding to French energy major Total for an...
More renewable energy was consumed in the US last year than coal-fired energy for the first time since the 19th century, in a landmark moment for the green energy transition in the global superpower. Renewable energy consumption increased by 1% on 2018 to reach a record...
France has submitted its final 2030 National Energy and Climate Plan (NECP) to the European Commission, which outlines its aim to have renewables providing 33% of its total energy needs. This target would translate into a 40% renewables penetration into the power sector by 2030, with...
Royal Dutch Shell has announced it will work with Dutch gas infrastructure group Gasunie to deliver Europe’s biggest green hydrogen project in the Netherlands, powered by up to 10GW of offshore wind in the North Sea. The partners signed off on the NortH2 project in conjunction...
Copenhagen Infrastructure Partners (CIP) is set to commence construction of its 589MW Changfang and Xidao wind complex off the coast of Taiwan after reaching financial close on the project. The Danish fund management company said on Friday it had agreed close to US$3 billion of equity...
The share of renewables in the total energy mix of the European Union (EU) grew by just 0.5% in 2018, prompting lobbying group WindEurope to give a ‘stark warning’ on the prospect of the bloc missing its renewable energy targets. latest figures published by Eurostat showed...