14 Jan 2025
European wind power stocks fell after U.S. President-elect Donald Trump said he would try to ensure that “no windmills” are built on his watch, criticising the sector before he is due to take office. Shares in the world’s two biggest offshore wind farm developers – Denmark’s Orsted and Germany’s RWE – as well as turbine […]
07 Jan 2025
Fishermen in Cornwall fear proposals for offshore wind farms could destroy their businesses and pose the “greatest change” the fishing industry has ever faced. David Stevens, a fisherman and member of the Cornwall Fish Producers Organisation, says the proposals for the area where he fishes would “close down around 60% to 70%” of the waters. […]
22 Dec 2024
EU countries have updated their goals for the deployment of offshore renewable energy up to 2050 in each of the EU’s 5 sea basins, with intermediate objectives to be achieved by 2030 and 2040. At an online meeting of the Directors-General of the Ministries of Energy in the respective countries today, non-binding agreements were reached […]
17 Dec 2024
The UK Government has launched its awaited Clean Power Action Plan, with a focus on a massive ramping up renewables. The 136-page plan sees wind and solar – in particular offshore wind – becoming the backbone of the British electricity system. It says record amounts of new renewable capacity will need to be delivered, alongside reforms to […]
17 Dec 2024
Record funding of £150 million capital investment from the Scottish Government will support the growth of the offshore wind sector and support thousands of well-paid, green jobs across Scotland over the next decade. Overall strategic investment of up to £500 million over five years is expected to boost private investment in the sector by up […]
10 Dec 2024
Shell and Equinor are combining their UK oil and gas assets in a joint venture that will become the country’s largest independent producer. Last month, the UK government increased a “windfall” tax – initially introduced in 2022 following an energy price spike after the Ukraine war. The hike brings the headline tax on the sector to 78%, […]
26 Nov 2024
Backed by a £7.3 million investment through the Offshore Wind Evidence and Change Programme (OWEC), the Crown Estate is partnering with a range of expert bodies across the UK to launch five new projects that they say will accelerate the nation’s path towards a net-zero and energy-secure future, whilst enabling marine and coastal ecosystems to […]
12 Nov 2024
One of the major challenges facing the offshore renewable energy industry is how to deliver the speed and extent of the dramatic increase in offshore wind deployment needed to meet the UK’s Net Zero targets. A new report by the Offshore Renewable Energy (ORE) Catapult lays out a new approach to environmental monitoring and consenting […]
