The president of The Rockefeller Foundation, a multi-billion-dollar philanthropic investment house that began life investing the oil profits of John D. Rockefeller, has said the firm’s priority is an “equitable” energy transition.
Energy secretary Ed Miliband told industry at the EnergyUK conference in September that reaching net zero, which the government wants to achieve by 2030, will be a matter of “national security”.
The Global Wind Energy Council (GWEC) has identified opportunities for experienced UK offshore wind companies to invest in the rapidly expanding Asia-Pacific markets.
The UK has a renewable energy potential that any country would envy. Our island status and geographical location mean that we currently have a greater capacity for offshore wind power than anywhere except China.
Chevron Corp.’s (NYSE:CVX) venture arm launched a fund — its third — with a $500 million commitment to invest in clean energy technologies.
Trevor Smith and his wife Dawn were shocked to discover the future plans after receiving two letters through their door.
It’s great to learn that investment in wind energy across Europe more than doubled last year compared to 2022, driven by record financing of North Sea offshore wind projects.
The European Union built a record number of new wind farms in 2023 but is still trailing its own targets for adding the renewable resource to its energy mix to reach its climate ambitions and cut reliance on Russian gas.
It is fair to say 2023 has been a tough year for the wind turbine industry. After years of exceptional growth, accelerated technology innovation and declining costs, the sector was hit with multiple challenges sending ripples of delays and doubts.
Orsted A/S (CPH: ORSTED) shares slumped to their lowest level in six years after the Danish utility dropped two US wind projects and recorded 28.4 billion kroner ($4 billion) in impairments as the crisis in the wind industry is only getting worse.
The biggest manufacturers of wind turbines and solar panels are facing their most serious financial challenges in years even as deployments of clean energy head for an annual record.
As the German government scrambles to prop up Siemens Energy AG, another major European wind firm faces its own moment of truth after warning of billions of euros in writedowns.
Xinjiang Goldwind Science & Technology Co., the largest wind-turbine maker, said profit plunged as a price war continues to offset some of the benefits of China’s surge in clean energy investment.
The European Union launched a wind power package on Tuesday to counter the growing influence of China and spur its own industry, as the bloc focuses more firmly on China as the biggest threat to its clean-tech industry.
Wind-farm developers are lobbying the UK government to give them more tax breaks in the fall budget, arguing that rising interest rates and supply-chain costs are putting the viability of some new projects in doubt.
The European Union will pledge to prop up its wind industry in the face of toughening global competition, supply-chain bottlenecks and financing concerns to ensure that the bloc can meet ambitious climate and sustainable growth plans.
BP has announced it will name its first floating offshore wind demonstration project in Aberdeen after Scottish medical pioneer and suffragette Dr Flora Murray.
By combining a flat deck carrier to load multiple jackets with HLP’s new ring crane concept, project developers could cut deployment costs by 60%
The Scottish government has announced plans to establish a European hub to recycle and repurpose wind turbine blades as part of a landmark deal.
A new study will determine the potential for shared floating platforms used by offshore wind and wave energy devices.
A North Sea drilling industry body has warned the viability of UK renewables projects is at risk unless the UK government changes its policy towards windfall taxes and day rates.
Siemens Energy AG is struggling to contain the fallout after discovering a main piece on the frame of its wind turbine can move or twist over time.
Wind power industry growth dropped to the lowest in three years in 2022, hit by rising costs and shifting government policies.
Recently, Energy Voice looked into the widely reported skills shortage in the renewables sector, finding that some believe hydrocarbon workers not going green due to differences in pay.
The levelised costs of electricity (LCOE) for utility solar and onshore wind in Asia Pacific were up 16% and 12% respectively since 2020, as equipment, construction costs and interest rates rose in the region. However, China was insulated from the trend.