Europe's biggest wind power group Iberdrola reaffirmed its growth outlook for the full year on Wednesday after reporting rising quarterly earnings supported by rapid building of renewable energy plants and investments in networks.Buoyed by a…
Coal has obviously to be scrapped as a power source, the CEO of the Polish group which owns the EU’s biggest carbon-emitting power plant said on Thursday, underscoring a policy shift in a country until recently wedded to coal to generate electricity…
Norges Bank Investment Management (NBIM), an entity running Norway's $1.3 trillion sovereign wealth fund - popularly known as the oil fund - has agreed to acquire 50 percent in the Borssele 1 & 2 offshore wind farm in the Netherlands from the…
Europe's biggest utilities Enel and Iberdrola saw the clean energy transition coming decades ago when others baulked at the high cost of producing energy from the sun and wind and instead stuck with coal and oil.Thanks to early decisions to buy power grids and build renewable plants…
European utilities are offering a slew of offshore wind farms, eager to cash in on high valuations as investors hungry for stable returns increasingly flock to the sector, people close to the matter said.Demand for such assets has surged as…
The U.S. administration on Monday announced a set of actions to accelerate offshore wind energy development and set a target to install 30 GW of offshore wind energy by 2030. The news was welcomed by Orsted, one of the world's largest offshore wind developers…
The Biden administration on Monday unveiled a goal to expand the nation’s fledgling offshore wind energy industry in the coming decade by opening new areas to development, accelerating permits, and boosting public financing for projects.The…
German offshore vessel operator Opus Marine has acquired two WINDFLEX-27 Crew Transfer Vessels built by Penguin Shipyard, a unit of Singapore-based Penguin International Limited. Incat Crowther, the vessel designer, said that the two vessels…
Poland's biggest power producer PGE confirmed a deal on Wednesday to develop offshore wind farms with Denmark's Orsted in another sign the country reliant on coal is fast becoming a hot destination for renewable energy investors.Poland was the…
Energy group Ørsted expects previously delayed U.S. wind farm projects to receive swifter approval under President Joe Biden's administration, the new chief executive of the Danish energy group said on Wednesday.Mads Nipper, who took the helm of the company in January…
Polish state-run utilities PGE Enea and Tauron, which generate most of their electricity from coal, will have their coal assets carved out to boost their offshore wind investment, the deputy state assets minister said on Monday.Poland generates…
Ørsted warned a return to more normal wind speeds this year would hit operating earnings after the world's biggest offshore wind farm developer raised its profit forecast for 2020.The Danish company said on Tuesday it now expected operating profit of about 18 billion Danish crowns ($2…
Iberdrola said on Friday it had bought a 50% stake in North and Baltic Sea wind farm company Sea Wind for an undisclosed sum to jointly develop a portfolio of offshore projects in Poland, a new market for the Spanish group.The two companies…
Offshore wind developer Ørsted has entered into an agreement to sell a 25% stake in its 1,1 GW Ocean Wind offshore wind project off the coast of Atlantic City to New Jersey’s Public Service Enterprise Group (PSEG). PSEG’s contribution will include…
European international oil companies (IOCs) are leading the way in terms of progressing strategies for renewable power growth, ahead of US players that have not, so far, made the same switch, energy intelligence firm GlobalData said.According to Global Data…
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