Small is beautiful but it’s also nice to be part of something bigger. That applies to many aspects of life and is certainly a sound basis for energy policy which always has to be underpinned by security of supply.
A group of Western European nations led by Germany and France have committed to massively ramping up the production of clean energy from wind turbines in the North Sea, to both meet climate targets and reduce their strategic energy dependence on Russia.
Norway has opened its first competitive auction for offshore wind, with a view to procuring up to 3GW of new development capacity by the end of the year.
Shell Ventures principal Bilal Ahmad said he saw more opportunity in “clean energy than I see in oil and gas. As a venture fund, we’ve ceased investing in oil and gas. It doesn’t make sense, from a returns perspective.”
Developer Ørsted (ORSTED:CPH) and investor Copenhagen Infrastructure Partners (CIP) have joined forces to develop gigawatts of new offshore wind projects in Danish waters.
The Dutch government will extend its offshore wind goals to target 70 gigawatts (GW) of capacity by 2050 and expand hydrogen production in the North Sea.
A 9 billion-euro ($9 billion) offshore wind power hub planned in the Baltic will mark a significant step in the process of weaning Europe off its reliance on Russian gas, according to the German and Danish governments.
The Norwegian Petroleum Directorate (NPD) has mobilised a survey vessel to begin evaluating seabed areas set aside for the country’s first major offshore wind auction.
PD&MS Group has secured a three-year operations and maintenance (O&M) contract with Vattenfall, supporting the developer’s offshore wind portfolio across the UK and Europe.
Just as oil and gas has borne decades of partnerships between the UK and Norway, Britain's ambassador wants to see similar team-ups as offshore wind booms.