The UK’s Prime Minister Boris Johnson has pledged to power every home in the country through offshore wind energy within a decade, after announcing a £160 million package to upgrade ports and factories for building turbines. The scheme aims to create 2,000 jobs in construction and...
Grid operators from the UK and the Netherlands are exploring the possibility of connecting the two countries’ offshore wind farms with subsea electricity cables by 2029. National Grid Ventures, the commercial arm of UK operator National Grid, and Dutch transmission system operator (TSO) TenneT are drawing...
One of the world’s largest offshore construction vessels has arrived at the site of a wind farm off the coast of Scotland in the UK, as energy companies EDF Renewables and ESB begin constructing the 450MW facility. The vessels, owned by engineering firm Saipem, will start...
Private equity firm Apollo Global Management has agreed to make a $256 million investment in offshore wind developer US Wind that will fund the construction of a project off the coast of Maryland. The investment includes a mix of debt and equity and resembles Apollo’s first...
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...