Scottish support for Chinese wind manufacturer could ‘undermine’ energy security
Support for a Chinese wind turbine manufacturer has drawn criticism, with commentators warning it could risk undermining Scotland’s energy security.
Energy Transition
Cohesion key to EU winning wind capacity battle
It’s great to learn that investment in wind energy across Europe more than doubled last year compared to 2022, driven by record financing of North Sea offshore wind projects.
A further 26 Scotwind supply chain projects advance to SIM Stage 2
A further 26 Scotwind offshore wind supply chain projects have advanced to the second stage of the Strategic Investment Model (SIM) process.
CCUS throws up decommissioning tax ‘grey area’
Repurposing of North Sea oil and gas assets for Carbon Capture Utilisation and Storage (CCUS) is starting to happen, and it’s throwing up a tax quandary for the sector’s decommissioning space.
Banchory firm could ‘revolutionise’ fuels for offshore wind vessels
A Banchory-based firm has developed technology which it says could “revolutionise” the way offshore vessels are fuelled.
First full year of windfall tax drives EnQuest to loss
North Sea operator EnQuest (LON:ENQ) posted a loss in its 2023 full year financial results, reflecting the impact of the UK government's windfall tax on oil and gas firms.
SLB announces $382m deal for majority stake in Aker Carbon Capture
American oilfield services firm SLB (NYSE:SLB) has announced a NOK 4.12 billion ($382m) deal to purchase 80% of Norway's Aker Carbon Capture (OSL:ACC)
Offshore services provider Acteon Group acquired by private equity
Acteon Group maintains a significant presence in Aberdeen across several firms.
Oil giants plan to bury massive amounts of CO2 in Southeast Asia
Just as they first ventured to do over a century ago, the world’s largest oil companies are staking claims far from home — this time to swallow, rather than spew, planet-warming industrial emissions.
Germany’s €23bn green experiment to save its industrial economy
Europe’s largest economy is running a €23 billion ($24.9 billion) experiment to reach net zero by 2045 without destroying its energy-intensive industrial base.
China’s wind turbine makers extend dominance as Vestas, GE slip
China’s wind turbine manufacturers dominated global supply last year, riding the nation’s renewables installation boom as a contraction in the US and meager growth in Europe dented overseas competitors.
RWE completes Norfolk Offshore Wind Zone purchase
RWE has completed its £963 million purchase of the 4.2GW Norfolk Offshore Wind Zone from Vattenfall.
AI will suck up 500% more power in UK in 10 Years, grid CEO says
Electricity demand from UK data centers will jump sixfold over the next 10 years as a boom in artificial intelligence requires increased computing power, according to the head of National Grid Plc.
Orsted wind farm near Martha’s Vineyard wins Biden’s approval
The Biden administration approved Orsted A/S’s (CPH: ORSTED) plans to build a nearly 1-gigawatt offshore wind farm near a popular Massachusetts vacation destination, setting the stage for the massive project to begin supplying power to New York in 2026.
Centrica boosted CEO pay as families struggled with energy debt
The Chief Executive of Centrica Plc (LON:CNA) got a bumper pay raise last year while millions of households across the country struggled with energy debt.
Operators voice investment doubts as NSTA emissions plan published
The North Sea Transition Authority (NSTA) has pushed ahead with plans to require developers to electrify their oil and gas assets, with operators voicing concern it could drive away investment.
Statera Energy’s Kintore Hydrogen to launch consultation
Statera Energy’s green hydrogen project near Kintore, Aberdeenshire, is launching the first round of public consultations.
Verlume and SeaTwirl team up to electrify oil and gas assets
Aberdeen-based energy storage specialist Verlume has teamed up with Swedish vertical-axis wind turbine developer SeaTwirl to electrify offshore oil and gas assets and decarbonise the oil and gas industry.
Labour announces plans for GB Energy to invest in floating wind
UK Labour leader Sir Keir Starmer will be joined by new Welsh first minister Vaughan Gething to unveil 'Great British Energy' plans.
‘Our heritage is going to be lost forever’: Architect fears turbines are destroying the rural story of the Cabrach
The Cabrach is steeped in history as the home of the illicit whisky trade, but the area is also attracting wind developments.
UK pledges £350m for nuclear defence and energy by 2030
UK Prime Minister Rishi Sunak is committing hundreds of millions of pounds over the next decade to Britain’s nuclear deterrent and energy infrastructure as part of a “critical national endeavour” to safeguard the industry and protect the country.
Holyrood committee calls for ‘clarity’ over future of Just Transition Fund
MSPs are demanding the Scottish Government provide “clarity” over the future of a fund set up to help the north east refocus its economy on greener alternatives to oil and gas.
Port of Dundee turbine towers vessel leaves city with offshore wind farm work incomplete
The huge turbine towers at the Port have become a familiar sight – and they won’t be leaving dry land any time soon.
UK steel supply needs to rise by 20% to meet 50GW offshore wind target
The UK will need to increase its steel supply by a fifth between 2025 and 2027 to meet its 50GW offshore wind target, according to new analysis.
Norway delays floating wind plans on subsidy concerns
Norway is pushing back its timeline for a move into offshore floating wind parks as it deals with queries from the European Free Trade Association Surveillance Authority over state support for potential projects.