Recent decisions in the United States and Britain to accept higher prices for offshore wind developments are a welcome sign that authorities are adjusting to higher costs in the industry, Equinor's head or renewables said on Tuesday.'I believe that politics and markets will adjust…
ExxonMobil CEO Darren Woods on Saturday rejected the International Energy Agency's recent claim that using wide-scale carbon capture to fight climate change was an implausible 'illusion', saying the same could be said about electric vehicles and solar energy…
The first turbine has been installed at the South Fork Wind Farm offshore New York, developer Ørsted announced on Monday.The first of South Fork Wind’s 12 Siemens Gamesa wind turbine generators was hoisted into place by the offshore construction team at the project site 35 miles off Montauk…
Spanish renewable energy giant Iberdrola said on Monday it would invest nearly 14 billion euros ($15 billion) in Britain through 2028 in grids and renewable projects.The plan is in line with the company's broader investment strategy, which has seen a growing focus on networks…
Rovco said Thursday it had completed all survey work on behalf of Flotation Energy and Vårgrønn for the planned Cenos floating offshore wind farm located in the Central North Sea, 200 kilometers off the coast of north-east Scotland.Rovco was…
Petrofac said on Monday it was in discussions to sell some non-core assets and warned it would no longer be able to meet its annual forecast of 'broadly neutral free cash flow', dragging the oilfield services provider's shares down nearly 8%…
Canceled offshore wind projects, imperiled solar factories, and fading demand for electric vehiclesA year after the passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development…
Britain's Octopus Energy said on Friday that its renewables investing arm had launched a dedicated fund with Japan's Tokyo Gas to invest 3 billion pounds ($3.7 billion) in offshore wind projects by 2030.The Octopus Energy Offshore Wind fund…
U.K. headquartered naval architecture and marine engineering firm BMT is teaming up with Singapore-based shipbuilder Strategic Marine to drive the offshore wind crew vessel industry toward a more sustainable future.Under a new Long-Term Agreement (LTA)…
Struggling wind turbine maker Siemens Gamesa said on Tuesday it would cut costs and capacity on its long path towards profit, sending shares in parent Siemens Energy sharply lower as investors had hoped for more radical steps.The move, announced at Siemens Energy's capital markets day…
Damen Shipyards Group has officially launched a fully electric service operations vessel (SOV), 70 meters x 17 meters, with its offshore charging capabilities.To achieve offshore charging, Damen has partnered with UK-based MJR Power & Automation…
Salamander, a joint venture between Ørsted, Simply Blue Group, and Subsea 7, has launched floating LiDAR and wave buoys as part of the metocean campaign for the proposed floating offshore wind farm project off the north-east of Scotland. The survey…
As the world looks to renewable energy sources to combat climate change and reduce reliance on fossil fuels, offshore wind has emerged as a promising frontier in the United States. A report by the University of California Berkeley released in…
New York State will issue a new offshore wind solicitation on Nov. 30 with bids due in January 2024, the state government said, in a move that should support the troubled industry. European energy companies Orsted, Equinor, and BP have taken a combined $5 billion of writedowns on U…
Britain will increase the guaranteed price offered for offshore wind projects in its next renewables auction by 66%, the government said on Thursday, as it seeks to spur more projects after its last auction failed to attract any offshore wind investment…
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