COPENHAGEN, Feb 1 (Reuters) – A new offshore wind tender that allows bidders to compete on their willingness to pay the German government rather than receiving subsidies could ultimately result in higher power prices, Orsted’s (ORSTED.CO) CEO […]
The winds of change are blowing. Conservative activists, environmentalists and New Jersey fishermen protested the construction of wind turbines off the East Coast on Monday, highlighting increasing whale deaths in the region that they say are tied to offshore […]
PROVIDENCE — It’s been a rough-and-tumble summer for offshore wind projects in Rhode Island, as well as for the state’s efforts to reach renewable energy goals. Both hit a stumbling block last week when Rhode […]
Private equity firm Denham Capital has announced the sale of Rio Energy assets to energy giant Equinor, as the latter expands its renewables portfolio. The transaction includes the entire Rio Energy team and other selected […]
The United Kingdom’s Octopus Energy Generation said it plans to invest $20 billion (GBP 15 billion) in offshore wind projects by 2030, it said in a news release Monday. The company, which currently manages $7.7 […]
A couple of weeks ago, Sweden’s government ditched plans to go all-in on “green energy,” green-lighting the construction of new nuclear power plants. Shortly afterward, fossil fuel giant Shell announced it was scaling back its energy transition […]
Offshore wind farm project developers stumble amid inflation Governments want green energy to cut costs and carbon Offshore wind projects are facing an economic crisis that erased billions of US dollars in planned spending this […]
The speed by which wind farms are being constructed across the U.S. is going faster than a spring wind in Casper. In about 20 years, the wind turbines put into operation today will be nearing […]
Developing countries need renewable energy investments of about $1.7 trillion annually but attracted foreign direct investment in clean energy worth only $544 billion in 2022. There is an urgent need to support these nations to […]
In January, nine Chinese energy companies committed to invest nearly US$14 billion in renewable energy development in the Philippines. The companies expressed interest mainly in solar and offshore wind, but also hydropower, geothermal and biomass. Notable among them was […]
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