BP plans to carve out its offshore wind assets as part of a joint venture with Japan’s largest power generation company, as oil supermajors move to insulate themselves from share price shocks associated with their low-carbon investments.
By Grant Wilson, Associate Professor, Energy Systems and Data Group, Birmingham Energy Institute, University of Birmingham; Daniel L. Donaldson, Assistant Professor of Electrical Engineering, University of Birmingham, and Iain Staffell, Senior Lecturer in Sustainable Energy, Imperial College London
Great Britain’s electricity system (Northern Ireland is part of the integrated Irish electricity grid) made a leap forward in August 2024.
Japanese trading conglomerate Mitsubishi Corporation will develop a massive onshore wind farm in Laos that will supply electricity to power-hungry Vietnam.
News that South Korea aims to build the world’s largest offshore wind farm by 2030 follows moves by major exploration and production companies to establish a foothold in the nascent market.
Wind and solar power have become even cheaper compared to fossil fuels in the past year, making them an attractive way to stimulate economies recovering from the Covid-19 pandemic, according to Lazard Ltd.
Every home in the country will be powered by offshore wind within 10 years, Boris Johnson will tell the Conservative conference on Tuesday as he pledges a green industrial revolution that will create hundreds of thousands of jobs.
Wind and solar energy doubled its share of the global power mix over the last five years, moving the world closer to a path that would limit the worst effects of global warming.
An oil refinery in northern Germany wants to turn excess wind power into green hydrogen to replace natural gas and produce synthetic fuels for aviation.
President Donald Trump scoffed yet again at a source of electricity championed by his own energy secretary, saying wind power doesn’t work “all that well.”
New York State Governor Andrew Cuomo has announced that the city will open two bidding auctions in 2018 and 2019 to develop offshore wind power in a bid to reduce greenhouse gas emissions.