Latest Stories

California sets goal for offshore floating wind of 3 GW by 2030 and up to 15 GW by 2045

11 May 2022

California officials have set a 3-GW goal for 2030 and up to 15 GW by 2045 of offshore wind, according to a draft report by the California Energy Commission (CEC).

Siemens Gamesa releases long-term turnaround strategy

11 May 2022

Top-tier wind turbine manufacturer Siemens Gamesa has launched a new plan, Mistral, to expand profit margins in the medium term. The company has already taken steps to stabilise in the shortest possible time.

US utility initiates strategic review of offshore wind JV with Ørsted

11 May 2022

Eversource Energy has initiated a strategic review of offshore wind joint venture with Danish offshore leader Ørsted. This is because of the record-breaking $4.37bn auction of lease areas off the New York and New Jersey in February.

Ørsted to use union labour for US offshore wind projects

11 May 2022

North America’s Building Trades Unions (NABTU) and Ørsted, the US leader in offshore wind energy, have announced a project labour agreement to construct the company’s US offshore wind farms with an American union workforce.

Shell and Eneco join in Dutch offshore wind tenders

11 May 2022

Oil supermajor Shell and Eneco will participate in the zero-subsidy tenders for the Dutch offshore wind farms Hollandse Kust (west) sites VI and VII. This will be via their joint ventures Ecowende and SchakelWind for sites VI and VII.

US probe into solar imports threatens 64% of planned new capacity in 2022, Biden administration expresses concern

11 May 2022

The US probe into solar imports from Southeast Asia threatens almost two-thirds of new capacity in 2022, says Rystad Energy. This comes as some members of the Biden administration are expressing concern about the DOC investigation.

Project partners reach FID for French floating windfarm, Lightsource bp sets up in France

11 May 2022

The EolMed partnership has made the final investment decision for its 30-MW offshore floating wind development off France.

Off-grid solar struggles to recover from pandemic

11 May 2022

The off-grid solar industry has posted slower than expected recovery from the COVID-19 pandemic in the second half of 2021, although some countries are showing limited growth, while others are showing signs of a healthy recovery.

Renewables set for record growth in 2022, but 2023 is not so rosy

11 May 2022

Renewables are again set to break global records in 2022, with 320 GW of new capacity forecast to come online and new solar projects in China and Europe driving growth.

REM: California sets goal for offshore floating wind of 3 GW by 2030 and up to 15 GW by 2045

11 May 2022

California officials have set a 3-GW goal for 2030 and up to 15 GW by 2045 of offshore wind, according to a draft report by the California Energy Commission (CEC).

AES announces deals to provide 450 MW of renewable energy to Amazon

11 May 2022

Amazon has signed two power purchase agreements with AES Corporation for output from two solar-plus-storage facilities in California. The projects are 450 MW of solar and 225 MW, 4-hour duration of battery energy storage.

wpd to sell offshore wind business to Global Infrastructure Partners

11 May 2022

US-based investor Global Infrastructure Partners (GIP) will purchase 100% of wpd offshore GmbH, the offshore wind business of Germany’s wpd. The German company also says it will double its onshore wind and solar operations by 2045.

Ukraine days away from exhausting civilian fuel – Economy Minister Yulia Svyrydenko

11 May 2022

Ukraine days away from exhausting civilian fuel – Economy Minister Yulia Svyrydenko

Chevron seeks new opportunities offshore Brazil

11 May 2022

Chevron is looking for openings to invest in major new projects in Brazil’s offshore zone, according to Mariano Vela, the US major’s country manager.

EBRD 2022: Trade Commissioner hopeful for EU oil export ban deal to strike Russian war machine

11 May 2022

European Trade Commissioner Valdis Dombrovskis says sanctions on hydrocarbons will get "to the heart of the Kremlin war machine financing".