Offshore Wind

European energy major Equinor said it is cutting 20% of the workforce, or about 250 jobs, in its renewable energy division due to continued economic challenges. The Norway-based company said the layoffs are part of the company’s effort to streamline its operations. Equinor in recent months has canceled offshore wind projects in several countries, including […]

An analysis from global data and analytics group Wood Mackenzie says Republican control of the White House and Congress means U.S. energy policy will move away from net-zero emissions targets, but there remains bipartisan support for the Inflation Reduction Act (IRA). The group also said competitive economics for renewable power resources mean the energy transition […]

Swedish energy giant Vattenfall plans to invest more than $5 billion in Germany to increase the company’s renewable energy portfolio in that country. Robert Zurawski, Vattenfall’s chief financial officer in Germany, said the group will build more wind and solar farms in Germany, along with EV charging stations, over the next few years. Zurawski on […]

An offshore wind farm in the southern part of the North Sea will feature turbines from Siemens Gamesa after the company signed a supply agreement with ScottishPower. The deal announced Nov. 11 is for 64 of Siemens Gamesa’s SG 14-236 DD turbines that will be installed at East Anglia TWO, a wind farm located just […]

Dominion Energy has sold a 50% noncontrolling interest in its 2.6-GW Coastal Coastal Virginia Offshore Wind (CVOW) commercial project to infrastructure investment group Stonepeak. The Richmond, Virginia–headquartered utility in an Oct. 25 financial filing said it received proceeds of $2.6 billion for the sale. The amount represents “reimbursement of approximately 50% of project-to-date capital investment.” […]

Chinese state-owned manufacturer Dongfang Electric announced the company has completed production of a 26-MW offshore wind turbine, continuing a trend of ever-more-powerful turbines from that country. The turbine’s nacelle, shown dwarfing company workers in a photo posted to social media on October 12, now ranks as the world’s largest. Dongfang said it has been designed […]

President Biden signed the Inflation Reduction Act (IRA) into law in 2022. The IRA is the largest public investments in renewable energy in American history and created more than 20 different tax incentives for renewable energy and related manufacturing. Certain Republic politicians have directed vitriol at the IRA. However, even if Republicans win the White […]

German multinational energy company RWE is joining with France’s TotalEnergies to jointly develop two large-scale offshore wind projects off the German coast. The companies on October 7 announced that TotalEnergies is acquiring a 50% equity stake in the two projects from RWE, which was awarded the sites in Germany’s latest offshore wind auction in August […]

Europe is pursuing an ambitious energy transition to become the world’s first climate-neutral continent by 2050. To reach this goal, the region has set stringent targets to decrease reliance on Russian fossil fuels and increase the adoption of renewable energy across the power and transportation sectors. Significant strides are being made in developing solar and […]

Following more than three years of planning and analysis, California has established an offshore wind goal of 7,600 MW, with procurements starting as early as 2027. Through its central procurement efforts, California intends to bring about a “market transformation” to help reduce the costs of particular technologies, like offshore wind, allowing them to be developed […]