By William Mathis, Bloomberg The cost of offshore wind in the U.K. could soon drop below the wholesale price of electricity as developers bid to supply energy in the latest round of an auction that has subsidized the nation’s renewables industry. Developers have submitted proposals in the so-called “contracts-for-difference” auction to win fixed prices for power...
When two U.K. power plants shut down almost simultaneously in London’s first major blackout for a decade, it triggered a storm of questions about how to avoid another failure.
The Trump administration cast the fate of the nation’s first major offshore wind farm into doubt by extending an environmental review for the $2.8 billion Vineyard Wind project off Massachusetts.
The American Wind Energy Association (AWEA) has released data for Q2, indicating activity rose to new heights in the wind development sector.
New York has signed the biggest-ever deals for offshore wind power in U.S. history, a key part of the state’s plan to get all of its power from emissions-free sources by 2040.
GE Renewable Energy has taken a major step to cement its offshore wind operations in China.
EON SE is now supplying all of its 3.3 million residential customers in Britain with 100% renewable electricity, the first of the U.K.’s “Big Six” utilities to do so.
Dominion Energy has begun construction on the Coastal Virginia Offshore Wind (CVOW) project, which will feature two 6-MW wind turbines and power about 3,000 homes.
China’s National Development and Reform Commission (the NDRC) issued a Circular on Policies of Improving the Electricity Price for On-Grid Wind Power (the Circular) at the end of May 2019. According to the Circular, the price of electricity from offshore wind power projects is cut to 0.8 yuan per kWh [US $0.12 per kWh] in 2019 and will further drop to 0.75 yuan [US $0.11] per kWh in 2020.
An Abu Dhabi-based company that builds drilling platforms for oil giant Saudi Aramco plans to diversify into renewable energy by supplying gear for offshore wind farms.