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 …
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 …
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 …
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 …
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 …
New research from the Carnegie Institution for Science has highlighted the “considerable opportunity” of developing offshore wind in the open ocean, which could generate up to three to five times as much energy as wind farms on land. Carnegie Institution for Science researchers Anna Possner and Ken Caldeira set out …
Renewable energy sources will provide 85% of global electricity production in 2050, led by solar PV and onshore wind, according to a new report published this month. Electricity consumption will be the largest energy carrier in 2050, increasing by 140% over the next 30 years, followed by natural gas, while …
