Latest Stories
US renewables policy a “game changer” for wind and solar – study
For the first time, US-made wind and solar components are cheaper than their imported foreign counterparts. This is according to a new study by academics at the prestigious Princeton and Dartmouth Universities.
UK offshore wind pipeline nears 100 GW as global pipeline hits 1.23 TW
RenewableUK’s latest EnergyPulse market intelligence data report shows that the UK’s pipeline of offshore wind projects has reached 97.9 GW, up from 91.3 GW a year ago.
WindEurope – EU must act now or Europe’s wind turbines will be made in China
The EU wants to massively expand renewables and strengthen Europe’s clean energy supply chains. But its Net-Zero Industry Act (NZIA) falls short and needs beefing up, says trade group WindEurope.
US offshore wind developers could forfeit $108mn in inflation dispute
The two US wind projects that are seeking to end their Massachusetts power purchase agreements may together have to forfeit $108mn in contract penalties and fines, according to a local podcast and magazine.
Final wind turbine installed at world’s largest offshore project
The final turbine of 139 has been installed at the 1.5-GW Hollandse Kust Zuid in the Dutch North Sea, said the developer, Sweden’s Vattenfall.
Cost inflation in offshore wind could add more than $280bn in next decade globally – Westwood
Recent cost inflation could add roughly $280bn to the capital expenditure cost of building out the offshore wind industry, not counting China, over the next decade. This is according to a new analysis by Westwood Global Energy Group.
Siemens Energy takes over wind turbine manufacturer Siemens Gamesa
Minority shareholders of the Spanish-German firm Siemens Gamesa voted for a capital reduction for the remaining 2.21% stake that the company’s parent Siemens Energy does not yet own.
EU to invest $2.16bn in green hydrogen in Brazil
European Commission President Ursula von der Leyen has announced that the EU will invest €2bn ($2.16bn) in green hydrogen and energy efficiency in Brazil.
Vestas wins 221-MW wind turbine order in Scotland
Vestas has received a firm order from North Kyle Wind Farm Ltd, part of Brockwell Energy, for the 221-MW North Kyle wind park in East Ayrshire, Scotland. It will be one of the largest onshore wind farms in the UK.
Duke Energy to sell renewables business to Brookfield for $2.8bn
Duke Energy has agreed to sell its unregulated utility-scale commercial renewables business to Canada-based Brookfield Renewable, one of the world's largest owners and operators of renewable power and climate transition assets, for around $2.8bn,
China’s Mingyang to enter UK offshore wind sector
Opergy Group and Mingyang Smart Energy Group, a wind turbine manufacturer based in China, have joined forces in a strategic alliance, facilitating Mingyang's entry into the UK offshore wind market.
Bangladesh struggles to pay $700mn energy debt
Bangladesh state-owned energy firms Petrobangla and Bangladesh Petroleum Corp. are under pressure to pay off some $700mn in debt owed to foreign energy suppliers in order to secure future primary fuel supplies for power companies and industries.
Lindsayca/CH4 JV begins drawing up vendor and supplier list for GTE project
The US-based Lindsayca/CH4 (LNDCH4) joint venture has officially launched the initial phase of its vendor and supplier identification process for Guyana’s GTE project.
Equinor exec says company hopes to boost Brazilian output more than five-fold in next 10 years
Norway’s Equinor is looking to boost its output in Brazil significantly over the next 10 years and will also focus on green energy initiatives, particularly offshore wind power, in that country.
Pemex reveals additional details of Zama development plan
Mexico’s national oil company Pemex has made additional details of its plan for development of the Zama oilfield available to the public.
Russia still top US uranium seller despite 24% cut in 2022
The US in 2022 reduced its purchase of uranium feedstock from Russia by 24% year on year to 4.78mn pounds of U3O8 equivalent. This volume includes natural uranium (U3O8, oxide), uranium hexafluoride (UF6) and enriched uranium.
Iran, Venezuela sign petrochemical deal
Iran and Venezuela signed a memorandum of understanding on Monday to increase co-operation in the petrochemical sector, improving an already close relationship in oil.
LPG’s role as Africa’s transitional fuel
LPG has an important role to play in Africa’s energy transition, and while some lenders may baulk at the thought of financing fossil fuel-related projects, in this case that viewpoint is neither pragmatic nor helpful
Lukoil’s Alekperovs consolidate oilfield service business
The family of the main shareholder of Russia’s second-largest oil producer Lukoil, Vagit Alekperov, is expanding its presence in the oilfield service business, Kommersant daily reported.
Venture Global LNG spars with offtakers over LNG deliveries
Venture Global LNG is disputing with offtake customers over delayed commercial deliveries of liquefied natural gas.
Ørsted pares back global offshore wind ambitions
Ørsted, the leading offshore wind developer globally, has pared back its offshore wind ambitions from 30 GW by 2030 to 28 GW as it reassesses projects in the US, Taiwan Vietnam and Poland. This was revealed at the company’s capital markets day.
Follow us online