Ørsted looks at continuously ‘rightsizing’ organisation
Ørsted has not ruled out redundancies after it said it will be “rightsizing” its organisation following the departure of former chief executive Mads Nipper.
offshore wind
UK government urged to ‘make a decision’ quickly on zonal pricing
Delays to a decision on zonal electricity pricing are an "albatross around the neck" of UK renewable energy developers, a parliamentary committee has heard.
Siemens Energy share price recovers as it forecasts market – beating Q1
Siemens Energy AG’s share price recovered on Tuesday, rising 7.53%, after it released a preview of its first quarterly results following Chinese AI chatbot maker DeepSeek's rapid disruption of the US market that sent stocks in a tailspin this week.
Orsted CEO says 2024 ops performed ‘well’ despite US impairment
Orsted said on Monday that it expects to record an operating profit of 24.8 billion Danish kroner (US$3.4b) for 2024, a slight uptick on 2023, despite being hit with a hefty US impairment bill.
Siemens Energy to launch recyclable wind blades at Hull factory in spring
Siemens Energy will start producing recyclable wind turbine blades at its factory in Hull this spring, a spokesperson has confirmed.
Scottish wind farm constraint payments rise to £380m
UK taxpayers paid £390 million in constraint payments to Scottish wind farm operators in 2024, according to the Renewable Energy Foundation (REF) think tank.
The Centrica Interview: Chris O’Shea, chief executive officer
In our exclusive interview, Centrica boss Chris O’Shea discusses his green ambitions for Britain's multinational energy company.
‘Future looks worse’ for wind curtailment
The UK’s largest renewable electricity supplier Octopus Energy is using AI to address a hold-up in grid connections as the cost of turning off turbines snowballs to £1 billion.
UK’s £14bn energy supply chain is “at risk”, trade body warns
Beama, a trade body representing UK electrical and energy infrastructure manufacturers, has called for urgent reform in a letter addressed to senior ministers Sarah Jones, Ed Miliband and Jonathan Reynolds.
BP loses offshore wind vice president after reducing investment
BP’s senior vice president for offshore wind, Matthias Bausenwein, will depart the oil and gas company following a carve-out of its offshore wind operations.
Venterra secures £30m bond facility for international growth
Offshore wind services business Venterra Group has secured a £30 million bond facility from HSBC, backed by the UK government’s export credit agency UK Export Finance (UKEF).
Kwarteng questions if windfall tax will end
Former Chancellor Kwasi Kwarteng has raised doubts following Wednesday’s Autumn Budget as to whether the windfall tax on oil and gas profits will ever end.
Energy transition requires extra $1.75tn a year – report
Global investment in the energy transition must double to $3.5 trillion a year to keep global warming below catastrophic levels, according to a new report by analytics and consultancy firm Wood Mackenzie.
Exclusive: 17 Energy expects to take £4bn floating offshore wind farm ‘to market’ in 2028
UK-based developer 17 Energy Ltd. expects to bring its proposed 1 GW floating offshore wind farm off the Chilean coast 'to market' in 2028, co-founder Úna Brosnan told Energy Voice.
BP reportedly considers selling stake in offshore wind business
BP (LON:BP) is reportedly considering the sale of a minority stake in its offshore wind business as it looks to reduce the scale of its investment in the sector.
UK National Wealth Fund to ‘turbocharge’ green technology
The new National Wealth Fund will boost UK investment in green technology, according to business and trade secretary Jonathan Reynolds.
PM vows to replicate success of East Anglia Two offshore wind farm
Ministers said while speaking at the International Investment Summit today that the new government will turbocharge investment in green energy technologies and rip up red tape.
Starmer hails billions of pounds of investment pledges ahead of summit
Prime Minister Keir Starmer said on Thursday that the government has secured more than £24 billion of private investment in domestic clean energy projects ahead of next week’s investment summit.
RWE appoints Kent to scope offshore substation at Five Estuaries
Developer RWE Renewables UK has hired energy services provider Kent PLC to plan a high-voltage offshore substation platform for the Five Estuaries Offshore Wind Farm off the Suffolk and Essex coast.
How offshore wind can apply learnings from oil and gas decommissioning
While it is far from being a nascent industry, offshore wind remains in its relative infancy compared to oil and gas (O&G), both in terms of development and decommissioning.
Fireproofing offshore wind for a sustainable future
The offshore wind sector is critical to achieving net zero goals and ensuring energy security.
GE Vernova says it may cut 900 jobs in offshore wind revamp
GE Vernova Inc. (NYSE:GEV) may cut about 900 jobs globally as it moves to shrink its offshore wind business.
Energy firms turn to apprenticeships for future workforce as RWE recruits 16-strong cohort
Offshore wind giant RWE has recruited its biggest-ever cohort of wind turbine technician apprentices.
ScotWind offshore wind surveys solve WWI shipwreck mystery
Marine surveys for a ScotWind floating offshore wind project may have helped solve a 107-year-old maritime mystery following the discovery of a WWI shipwreck.
Wind powers a record summer for renewable energy in Britain
Great Britain’s electricity system (Northern Ireland is part of the integrated Irish electricity grid) made a leap forward in August 2024.