Equinor’s dramatic renewable cuts and increased focus on oil and gas mirrors moves across the energy sector. The Norwegian major is prioritising shareholder returns over energy transition spending.
The share of electricity in Ireland supplied by wind fell during 2024 due to grid constraints, an energy company has said.
Prime Minister Keir Starmer has diluted the wording of the UK’s clean power mission from achieving 100%, to a new goal to deliver “at least 95%”, clean energy by the end of the decade.
Norway's oil and gas towns are seeking greater UK collaboration as they look to reinvent themselves for the energy transition.
Grid issues saw Ireland lose 14% of the electricity produced from wind so far in 2024, making it the worst year for energy wastage on record.
Swedish firm Vattenfall has unveiled a concept design which could see old wind turbines repurposed as a 'tiny house' in future.
GE Vernova Inc. (NYSE:GEV) may cut about 900 jobs globally as it moves to shrink its offshore wind business.
Equinor ASA will downsize its renewables unit and is beginning discussions with unions regarding employees at the division.
Norway’s $1.7 trillion sovereign wealth fund committed to invest €900 million ($1 billion) in Copenhagen Infrastructure Partners’ fifth flagship fund, the first time it will take an indirect stake for its unlisted renewable energy infrastructure portfolio.
In June 2021, Team Renewable Arctic Finland launched a research call based on the need for ice research to better understand the sea ice loads affecting offshore wind farms.
As the world’s leaders in floating offshore wind, Scotland and Norway are well-positioned to learn from each other to bolster their respective industries.
Technip Energies and SBM Offshore have formed a 50/50 floating offshore wind joint venture, Ekwil.
A new report by Wind Energy Ireland (WEI) has said that 76 wind farms are at risk of shutting down as they have reached the end of their planning permission lifetime, with the turbines set to be dismantled by 2030 if regulations aren’t updated.
Siemens Energy AG (DE:ENR) has told customers it plans to produce its biggest wind turbine, potentially toward the end of the decade, as the company seeks to maintain its lead in one of the fastest-growing energy sectors.
Siemens Energy AG (FWB:ENR) shares jumped 14% after the company signaled its lucrative gas and electric grid businesses were no longer burdened by ongoing losses at its struggling wind-turbine unit.
Denmark has kicked off its largest-ever wind power tender that will more than triple its offshore capacity by the end of the decade.
The European Union ramped up pressure on Chinese clean-tech investments potentially squeezing out its local suppliers amid EU efforts to transform the bloc into a green economy.
Vargronn will appoint former Equinor renewables boss and Aker Solutions executive vice president Stephen Bull as CEO.
Macquarie Asset Management (ASX:MQG) is making a $50 billion bet on offshore wind after sidestepping a perfect storm of low power prices and cost inflation that forced many competitors to walk away.
Support for a Chinese wind turbine manufacturer has drawn criticism, with commentators warning it could risk undermining Scotland’s energy security.
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 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.
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.
Equinor ASA, BP Plc and Shell Plc were among companies that were selected to take part in an auction for Norway’s first fixed-base offshore wind farm at a time when soaring costs are hampering the viability of the country’s 30 gigawatt wind ambitions.
A trio of floating wind developers have received a major funding boost from Norway’s state enterprise for promoting energy transition.