Equinor to downsize renewables unit, begins talks with unions
Equinor ASA will downsize its renewables unit and is beginning discussions with unions regarding employees at the division.
offshore wind
UK wind sector powers past 30 GW as Shetland’s Viking project connects to grid
The UK renewable sector has reached a "historic milestone" with more than 30 GW of wind generation capacity deployed for the first time.
Norway’s wealth fund marks €900 Million for CIP renewables fund
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.
Scotland could see lowest power prices in Europe from market reforms, but risks remain for renewables developers
Scotland could benefit from the lowest power prices in Europe if plans to introduce zonal pricing reforms go ahead, according to a study.
GE Vernova shares fall after another offshore wind blade failure
A turbine blade failed at the Dogger Bank offshore wind farm on Thursday morning.
Time to think big and secure Scotland’s clean energy supply chain
I’ve lost count of how many times I’ve told someone that we’re still not thinking big enough when it comes to offshore wind in Scotland.
Updated: Orsted takes $500 million hit led by Connecticut Wind delay
Orsted A/S (CPH:ORSTED) booked an impairment of more than $500 million related to an offshore wind farm in the US and a canceled green hydrogen plant in Sweden.
Equinor, Dominion buy offshore wind leases despite Trump threat
Equinor ASA and Dominion Energy Inc. will spend a combined $93 million on leases to develop offshore wind farms near Delaware and Virginia, despite former president Donald Trump’s vow to target the industry if he retakes office.
Vestas turbine sales surge even as wage costs hit profit
Vestas Wind Systems A/S (CPH:VWS) sought to reassure investors as it reported a surge in wind turbine orders, two days after issuing a profit warning related to a different part of its business.
Ofgem approves £3.4bn for Anglo-Scottish ‘electricity superhighway’
Ofgem has approved a £3.4 billion funding package for the Eastern Green Link 2 project.
Transparency from carbon assessment methodology could help halve embodied carbon of offshore wind
Over recent months, the UK government has been consulting on the introduction of Sustainable Industry Rewards (SIRs) (formerly non-price factors) such as supply chain sustainability, capacity building, skills, and innovation to the 2025 auction round of its contracts for difference (CfD) scheme.
Competition or cooperation: How Scotland and Norway can learn from their floating wind sectors
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.
AR6 budget boost could add extra 1GW of offshore wind capacity
The recently announced budget boost for the upcoming Allocation Round 6 (AR6) renewable auction could bring in over 1GW of extra offshore wind capacity.
UK government ups AR6 renewable energy budget to £1.5 billion
Offshore wind developers will vie for £1.1 billion in funding under AR6, with budget boosts for floating wind and tidal projects as well.
ScottishPower boss hopes to double UK energy investment by 2030
ScottishPower’s boss has said he hopes to double the firm’s investments in UK energy projects to as much as £24 billion if Labour’s policy changes pay off.
Energy watchdog outlines steps to drive flexible power use
Britain’s energy watchdog has announced moves to help drive flexible electricity use as the UK increasingly switches to wind and solar power under aims to make savings of up to around £70 billion by 2050.
Apollo completes sea trials of renewable energy quick connection system in Orkney
Apollo has completed sea trials of an innovative system which allows marine vessels to quickly connect to offshore renewable energy infrastructure.
Aberdeen’s OEG acquires offshore wind services business OPS Wind
Aberdeen-headquartered global offshore services provider OEG Energy Group has acquired Liverpool-based Offshore Painting Services (OPS) Wind.
Apollo toasts offshore renewables innovation recognition in ‘watershed’ year
Aberdeen engineering consultancy Apollo is celebrating its innovation success in offshore renewables in a "watershed" year for the company.
PM: Reaping benefits of clean power will ‘take time’ but bills will fall by £300
Sir Keir Starmer has warned it will “take time” to reap the benefits of clean power initiatives but stood by a claim that Labour’s plans will eventually drive down household bills by £300 a year amid confusion over the commitment.
GE Vernova plans mass wind-blade inspection after accident
GE Vernova Inc. (NYSE:GEV) plans to reinspect every offshore wind-turbine blade the company has ever produced, after finding a “material deviation” at the factory supplying the component that recently broke at a US project under construction.
Scotland will lead energy revolution, says Starmer as GB Energy bill introduced
Great British Energy will allow Scotland to “lead the clean energy revolution”, Sir Keir Starmer said as further details about the publicly-owned company are set to be announced.
Offshore wind fees drive record profit for Crown Estate
The Crown Estate made a record profit of £1.1 billion in the last 12 months, driven by increased revenue from offshore wind leases.
UK needs ‘strategic approach’ to energy transition skills agenda, says 3t chief
The head of training firm 3t is calling for a more strategic approach to skills policy to ensure there are enough skilled workers for the UK energy transition.
SSE Renewables generation up 60% year-on-year
UK energy firm SSE (LON:SSE) saw a 60% increase to its renewables output for the first quarter of 2024, largely due to a return to "more normalised weather conditions".