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offshore wind

Report: Wasted offshore wind power costing UK £1bn a year

Wind

Report: Wasted offshore wind power costing UK £1bn a year

Electricity wasted by turning off turbines to avoid overloading the grid should be harnessed to turbocharge green hydrogen production, Policy Exchange argues

clock 16 January 2024 • 5 min read
H&M is funding offshore wind in Bangladesh to get garment factories off fossil fuels

Supply chain

H&M is funding offshore wind in Bangladesh to get garment factories off fossil fuels

H&M will co-invest in a project it hopes will supply 40 per cent of the country's power

clock 12 January 2024 • 4 min read
Ørsted finalises investment for mammoth 2.9GW Hornsea 3 offshore wind farm

Wind

Ørsted finalises investment for mammoth 2.9GW Hornsea 3 offshore wind farm

Decision to proceed with third phase of world’s largest offshore wind farm hailed as 'huge vote of confidence' in inflation-hit UK industry

clock 20 December 2023 • 4 min read
'Rebuild investor confidence': Government urged to move quickly to unlock £900bn net zero energy investment opportunity

Energy

'Rebuild investor confidence': Government urged to move quickly to unlock £900bn net zero energy investment opportunity

NatWest and Boston Consulting Group urges government, business, and investors to cooperate to overcome barriers to mobilising capital spending to transform UK electricity system

clock 06 December 2023 • 6 min read
Masdar and Iberdrola plot €15bn offshore wind and green hydrogen spree

Energy

Masdar and Iberdrola plot €15bn offshore wind and green hydrogen spree

The UK, Germany and USA among priority destinations for joint investment from UAE state-owned energy firm and Spanish energy giant announced at sidelines of COP28

clock 05 December 2023 • 2 min read
Ørsted and Highview Power tout liquid air energy storage as offshore wind 'catalyst'

Wind

Ørsted and Highview Power tout liquid air energy storage as offshore wind 'catalyst'

Partners note there are significant benefits to pairing clean energy projects with long-duration energy storage solutions

clock 30 November 2023 • 3 min read
'A shrewd decision': Government confirms sharp increase to offshore wind auction price

Wind

'A shrewd decision': Government confirms sharp increase to offshore wind auction price

Government announces it will raise maximum price for new offshore wind farms by 66 per cent, as Ministers attempt to avoid repeat of last summer's failed clean energy auction

clock 16 November 2023 • 8 min read
Crown Estate seeks extra 4GW capacity from existing offshore wind projects

Energy

Crown Estate seeks extra 4GW capacity from existing offshore wind projects

Crown Estate announces year-long process to try and unlock increased offshore wind capacity from projects that are already in the development pipeline

clock 10 November 2023 • 4 min read
'Time is of the essence': UK offshore wind setbacks could jeopardise 2050 net zero target, studies warn

Wind

'Time is of the essence': UK offshore wind setbacks could jeopardise 2050 net zero target, studies warn

Separate analyses by Cornwall Insight and Imperial College London warn slower offshore wind rollout signalled by recent CfD auction could increase power prices, carbon emissions and delay net zero

clock 24 October 2023 • 5 min read
OEG Energy secures $140m to grow offshore renewables business

Investment

OEG Energy secures $140m to grow offshore renewables business

UK-based offshore energy firm seeks to further expand beyond its core oil and gas services into growing offshore wind and tidal business

clock 12 October 2023 • 2 min read
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