S&P: Offshore wind not competitive in the US

Lower capacity factors, network reinforcements and logistical barriers make US offshore far more costly than both European offshore wind and rivaling energy technologies such as gas-fired turbines and, particularly, onshore wind, the rating bureau assesses.

Statkraft moves forward with 500 MW offshore wind farm

While Norway's Statkraft has involuntarily become the center of discussion about domestic offshore wind following its exit from the technology a few years back, the state-owned utility takes the next step in developing an Irish offshore wind farm.

Suzlon schedules potential rescue

Following rumors of Indian state-owned bank SBI having accepted Suzlon's rescue plan, the turbine maker has called a board meeting and closed stock trading.

"Massive risk" drives ESG bets at USD 108 billion Finnish Funds

Two major Finnish pension funds with USD 108 in AUM are briskly moving further into ESG territory due to "massive risk" factors tied to climate change, thereby seeking to avoid the major losses and stranded assets that some analysts say will hollow out banks, insurers and asset managers that fail to adapt to a greener agenda.

GE-equipped US wind project nears realization

US-based wind turbine maker GE can look forward to receiving a larger order from American Electric Power, which is running at full steam on three wind power projects totaling almost 1.5 GW.

CIP sells stake in Taiwan offshore wind projects

The Danish infrastructure fund has now sold shares in its first two Taiwanese offshore wind farms to a couple of domestic insurance companies, thereby securing necessary capital for realizing the projects.

Norway inscribes ammonia into national hydrogen plan

Norwegian Oil and Energy Minister Tina Bru states that ammonia will be set on equal footing with the period table's most basic element in the country's looming new hydrogen strategy, wherein the chemical can be used as an emissions-free marine fuel.

Germany dives back into malaise

Following the last – and for once in a seldom while fully subscribed public tender – Germany's first round of onshore wind allocations have only attracted half the total available capacity.

Google pulls plug on wind energy kite

After seven years backing R&D, Google's parent company, Alphabet, withdraws its support for technology developer Makani's wind energy kite concept. Another investor, Shell, considers its options.

Waste and ice cap could render Greenland sustainable

Rambøll is to study the possibility of creating electrofuels by mixing CO2 with hydropower from a waste disposal facility in Nuuk. In time, the solution could make Greenland a central carbon transformer and be implemented in governing Denmark.

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