CNBC The chief financial officer of German utility RWE on Thursday acknowledged the importance of weather to its renewables segment, as the company reported “much lower” wind volumes in Northern and Central Europe for the first half of 2021. In an interview with CNBC, Michael Müller stressed the need to have a broad range of assets in place to cope with potential
CNBC LONDON — If there’s one word that can be associated with wind energy, it’s “big.” From billion-dollar deals to vast wind farms capable of powering a million homes, the industry has undergone a massive expansion in the last few years. According to a recent report from the Global Wind Energy Council, the sector installed 93 gigawatts (GW) of new capacity in 2020,
Reuters OSLO/LONDON – BP entered the offshore wind market on Thursday with a $1.1 billion deal to buy 50% stakes in two U.S. developments from Norway’s Equinor, a significant step by the oil firm towards its energy transition goals. The British oil and gas company has set itself a target of increasing its renewable power generation capacity 20 fold over
CNBC A vast offshore wind project planned for waters off the coast of Virginia Beach looks set to use Siemens Gamesa Renewable Energy’s latest wind turbines, it was announced Tuesday. The European company said that the 2.64 gigawatt (GW) Dominion Energy Coastal Virginia Offshore Wind commercial project will utilize its SG 14-222 DD turbine. Dominion Energy has previously described the scheme as the
CNBC A vast renewable energy scheme has been recommended for environmental approval by Western Australia’s Environmental Protection Authority (EPA). The Asian Renewable Energy Hub is a planned development in the East Pilbara area of Western Australia. Set to cover 6,500 square kilometers of land, it’s envisaged that the project will produce as much as 15 gigawatts (GW) of wind and
Reuters OSLO – Norway approved on Wednesday Equinor’s 4.8 billion Norwegian crowns ($466 million) plan to build floating offshore wind turbines that will provide electricity to North Sea oil and gas platforms, the energy ministry said. The long-planned project is going ahead despite Equinor’s decision to cut investment following a plunge in oil prices that has reduced the company’s cash
CNBC The first turbine at the Northwester 2 offshore wind farm in the North Sea has started sending electricity to the Belgian grid. Construction on the 219 megawatt (MW) project is still ongoing, although it is slated to be fully up and running before summer. Belgian wind energy firm Parkwind has a 70% share of the project, while Japan’s Sumitomo
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