BNEF: Global Offshore Wind Market to Surge Six-Fold by 2030

The global offshore wind market is set to grow 16 per cent a year through to 2030, delivering a six-fold increase in capacity compared to today’s levels, according to the latest analysis from Bloomberg New Energy Finance (BNEF). Global generation capacity from offshore wind today stands at 17.6GW, but BNEF …

Legal & General Complete First UK Offshore Wind Investment

Legal & General has made its first UK offshore wind investment, today announcing plans to channel £300m into what promises to be the world’s largest offshore wind project. The project in question, the 660MW Walney Extension, is being built by Danish developers Ørsted – formerly DONG Energy – and will …

October Winds Help Deliver ‘Unprecedented’ Renewable Power to Scotland’s Grid

Strong winds in October helped Scottish turbines generate more than 1.7 million megawatt hours of electricity the powered the equivalent of around 4.5 million homes. The performance capped a “spectacular month” for renewables, according to WWF Scotland. The campaign group confirmed today that Scottish wind power provided 99 per cent …

Ørsted to Sell 50 Per Cent Stake in Giant Walney Offshore Wind Project

Renewable energy firm Ørsted – the Danish company formerly known as DONG Energy – has agreed to sell half its stake in the 659MW Walney offshore wind project currently under construction off the coast of Cumbria. The company announced yesterday it has signed a deal that will see it divest …

US Signs Deal With Denmark To Expand Offshore Wind Energy Cooperation

A new deal calling for further cooperation in the offshore wind energy sector has been signed by the US and Denmark, thanks to a fairly positive view of wind energy within the Trump Administration, according to recent reports. The new agreement means that top Europe-based wind energy firms, such as …

Government Delivers £557m Green Energy Boost Ahead of Clean Growth Strategy Launch

The government has announced a further £557m of support for green energy projects ahead of the imminent launch of its flagship Clean Growth Strategy, which is expected later this week. Building on the sharp cost reductions in offshore wind seen in the last month’s clean energy auctions, the government said …