BP and Germany's EnBW have submitted a joint bid for the opportunity to build about 2.9GW of wind power capacity off the coast of Scotland. The London-based oil and gas giant said the bid with EnBW represents a potential £10 billion investment into Scottish offshore wind projects,...
Ørsted has revealed a new goal to reach an installed renewable energy capacity of 50GW by 2030, as the Danish energy giant seeks to become the world’s leading clean energy player by the end of the decade. Approximately €47 billion will be set aside between 2020...
The US government has unveiled a series of measures that will accelerate the development of its US offshore wind industry, including a pledge to deploy 30GW of capacity by the end of the decade. The Biden Administration believes that the 30GW target will put the country...
A massive €26.3 billion was invested in new European offshore wind farms last year, according to latest data from the regional association WindEurope. The record sum was achieved despite of COVID-19-related constraints throughout the year, and will finance 7.1GW of new offshore wind capacity which will...
The UK Prime Minister Boris Johnson has revealed details of a 10-point plan to spur on a ‘green industrial revolution’ that will mark the beginning of the country's path to net zero emissions by 2050. The £12 billion blueprint reiterates the government’s former pledge of developing...
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,...