Attendees at 'Financing Wind Offshore' in Boston last week were quietly optimistic, even though the Biden administration's target of 30GW installed offshore wind by 2030 now looks out of reach. That positivity will be needed in the year ahead.
Opportunities for developers in the US are plentiful after the Inflation Reduction Act, but the challenges are growing too. We spoke to one developer, Bluestar Energy Capital, about its diversification plans.
Offshore wind developers and manufacturers are seeking opportunities to support production of fish, shellfish and seaweed at their offshore wind projects. Increasingly, this is being driven by the need to boost revenues as well as supporting biodiversity.
Inflation, permitting delays and supply chain disruption have dominated wind industry discussion in 2023, but there are reasons for the industry to be positive as we head into 2024 too.
New York has rejected calls from the developers of four offshore wind and 86 other renewables projects to boost PPA prices. This puts the US offshore wind industry in a perilous position ahead of our Financing Wind Offshore conference, but a new 4GW tender could offer a way forward.
The S&P Global Clean Energy Index has shown a 28% fall since mid-July among the share prices of 100 leading renewable energy companies, in contrast to rises in the wider energy sector. We consider the impact of these outflows.
Africa has enviable wind resources but operational wind farms currently average just 108.4MW each. However, gigawatt-scale wind projects are on the way as African leaders seek to boost inward investment.
Political parties in the US, UK and Europe are starting to ready themselves for major elections in 2024, and stories from the last two weeks show that the climate and support for renewable energy could feature heavily.
After a decade of stunning growth, renewable energy producers in Chile are struggling to cope with low power prices, grid difficulties, and restrictive government policies. But new 'energy transition' laws may offer hope.
The European Union has promised to unveil support for Europe's troubled turbine makers in 2024, but will this be enough to help them stand firm against Chinese rivals?
Ørsted has announced $2.3bn potential impairments at its US offshore wind projects, while RWE won an underwhelming seabed leasing auction in the Gulf of Mexico. We look at the current challenges facing developers in the US offshore market.
It is three months until business and political leaders gather in Dubai for the COP28 conference, which could spur further investment in the global wind industry. But an oil and gas powerhouse is an unlikely location for action to reduce $7trn of subsidies paid annually to fossil fuel firms.