Spanish conglomerate Acciona is seeking to achieve a valuation of up to €9.8 billion for its renewable energy arm in an initial public offering (IPO) that is set to go ahead, despite a sell-off in green stocks since the start of the year. Acciona yesterday priced...
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...
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...
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...
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...
Wind energy generation in the UK reached a new high on Friday 8th February when Storm Erik battered the nation’s coasts, pushing wind turbines to produce over 15GW of energy. National Grid data revealed that 15.32GW was generated by wind power between 12.15pm and 1.45pm, providing...
Danish renewable energy company Ørsted has agreed to buy US-based Deepwater Wind for US$510 million, in a deal that will create the largest offshore wind platform in the US. Ørsted is the world’s largest offshore wind developer but has, until now, failed to develop a presence...
Two contracts for offshore wind projects with a combined capacity of 1.2GW have been jointly awarded by the US states of Massachusetts and Rhode Island in a recent tender. The 800MW Vineyard Wind Project is set to become the first offshore wind project to be built...
Danish renewable energy giant Ørsted has selected Siemens Gamesa Renewable Energy (SGRE) as its exclusive wind turbine supplier to Hornsea Project Two, the world’s largest offshore wind farm. SGRE will deliver 300 8MW turbines to the UK-based project from a nearby manufacturing facility in the city...