China expects subsidy-free wind power within 3-5 years

Wind turbine manufacturers in Europe and the Americas are making use of new conditions to win larger shares of the Chinese market. The solar industry is experiencing the same thing and might even overtake wind power.

Photo: Vestas

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Vattenfall does not fear the risks of subsidy-free wind

Power purchasing agreements will cover risk on the world's first subsidy-free offshore wind farms. But even without PPAs and a new generation of wind turbines, the Dutch project is a solid business case, according to Vattenfall. The farms may even start spinning a year ahead of schedule.

Tough 2017 cost 835 jobs at DNV GL

The world's largest classification bureau for shipping, DNV GL, had another challenging year in 2017. The coming year will also be tough for the maritime business, and the slimming down of the company is likely not done, CFO Thomas Vogth-Eriksen tells ShippingWatch.

British oil fields change hands

Equity fund-owned oil producer Chrysaor, which bought many of Shell's North Sea fields last year, has now been on another shopping spree on the UK Continental Shelf in the North Sea.

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