UK wind farm to pay £5.5m for breaching market rules
UK energy regulator Ofgem ordered a wind farm in Scotland to pay £5.53 million for breaching energy market rules.
UK
Households pay after Highland wind farms earn £68 million for nothing
New figures also reveal more than £275m was paid to keep Scottish turbines still during 2023.
Pathfinder: Inch Cape wind developers seek expert advice
Developers of the Inch Cape wind farm off the Angus coast are looking for experts to support a range of key planning and procedures.
Masdar completes deal, marking UK’s importance to grand target
Masdar has a target of reaching 100 GW of power by 2030. To achieve that, the company is seeking a range of opportunities, with the UK hitting the right mix.
The power of FLOW to make Aberdeen an offshore wind powerhouse
The appetite for FLOW is clearly there – and Aberdeen is well-positioned to play a central role in the offshore wind revolution, writes ORE Catapult.
Aberdeen’s Three60 Energy secures multi-million pound deal on Sumitomo Highlands cable factory
Aberdeen-headquartered Three60 Energy has announced a multi-million pound deal with Sumitomo for work on a planned high voltage cable factory near Inverness.
Heat pumps powered by community wind turbines could cut bills – report
Community energy schemes using onshore wind to power heat pumps could cut household bills by more than a quarter compared to gas, a report suggests.
Orsted seeks new equilibrium, outgoing COO Brown states
The offshore wind industry had been lulled into a false sense of security through cheap money and a deflationary services market, Orsted’s outgoing interim COO Andy Brown said today.
Miliband calls out government failures, pledges just transition
The government is guilty of “sluggish decision making”, Ed Miliband, shadow Secretary of State for Energy Security and Net Zero, said this morning, setting out some plans for a change of pace under a potential Labour administration.
Net Zero economy grew 9% in 2023 to be worth £74bn, report says
The “net zero economy” - from renewables and electric cars to green finance - grew 9% in 2023 to contribute £74 billion to the UK, a report has shown.
Report finds nearly two thirds of UK energy firms consider moving investments abroad
UK Sustainable Investment and Finance Association report finds failure to implement favourable policies could see UK lose out on £115 billion in investment
Sumitomo commits to £350m Highlands cable factory as funding package agreed
Japanese giant previously said Scottish Government funding was a deal-breaker for 330-job project.
Altrad completes ‘year of integration’ following transformative growth
Engineering firm Altrad Group has surpassed €5.3 billion (£4.5bn) in revenue for the 2023 financial year, an increase of 38% on its 2022 results after two years of "transformative growth".
Aberdeen’s Balmoral appoints new director to strengthen global offshore wind ambition
Aberdeen firm Balmoral has announced the appointment of a new non-executive director as the company aims to cement its global offshore wind ambition.
Subsea sector seeks to ‘dominate’ market for floating wind expertise
UK subsea sector leaders plan to use their oil and gas expertise to “dominate” the floating wind mooring and dynamic cables markets in coming years.
Scottish offshore wind port projects move to second stage of SIM process
Scottish Government announces Stage 2 projects under the Strategic Investment Model
Race on for UK to grab multi-billion floating wind mooring market
‘We cannot underestimate the sheer scale of what is required’, says GUH boss.
EastWind cluster looks to widen reach under new formal leadership
The EastWind cluster has announced its formal conception as a not-for-profit company, as members look to expand its reach amid a growing offshore wind pipeline.
Council backing secured for West of Orkney Windfarm
Orkney Islands Council declares its support for 2GW West of Orkney ScotWind project
Aberdeen’s OEG revenues up 35% after year of renewables-focused acquisitions
OEG achieves "milestone" goal of even split in revenues between renewables and offshore oil and gas
Equinor expects offshore wind costs to improve
The Equinor CEO said he had regular discussions with turbine makers on improving costs. “I’m sure that in time offshore wind will be back with lowering the levelised cost of energy.”
Thistle Wind Partners reaches milestone on Ayre Offshore Wind farm
Thistle Wind Partners (TWP) has passed a planning milestone for its Ayre Offshore Wind farm, submitting the onshore scoping report to Highland Council.
UK Government urged to allow more scrutiny of climate plans
Members of Parliament want more say on government plans to achieve emissions cuts in the run-up to 2050, the nation’s legally binding net-zero target date.
Orsted faces investor pressure to cut dividend after share slump
Wind-energy titan Orsted A/S (CPH:ORSTED) will pitch its strategic plan to investors this week, after a disastrous 2023 that saw a multi-billion-dollar writedown on US projects and the dismissal of two top executives.
UK underwater sector ready to navigate the ‘Blue Frontier’ at Subsea Expo 2024
The challenges and opportunities facing the global subsea sector are being likened to space exploration as companies push the boundaries of what's possible in Earth's final, 'blue' frontier.