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EDPR reports jump in 2019 profits

EDPR reports jump in 2019 profits

EDP Renovaveis’ net profit in 2019 was 52% higher at €475 million, thanks principally to a 27% rise in Ebitda to almost €1.65 billion and the sale of wind assets in Europe and the US.

Record 5.2GW of offshore wind added in 2019

Record 5.2GW of offshore wind added in 2019

A record 5.2GW of fully operational offshore wind capacity was commissioned in 2019, according to a report from advocacy body World Forum Offshore Wind (WFO).

German onshore tender undersubscribed again

German onshore tender undersubscribed again

Germany’s first onshore wind tender of 2020 was undersubscribed and prices inched up from its last auction, dampening hopes of a turnaround for the sector after the country held its first oversubscribed round in more than a year just before Christmas.

Hornsea Two green hydrogen plans tested

Hornsea Two green hydrogen plans tested

The world’s largest offshore wind farm may produce green hydrogen that will power an oil and gas refinery in the north-east of England as part of an industrial-scale trial of the technology.

European installations 'fall short of Green Deal ambition'

European installations 'fall short of Green Deal ambition'

European wind power installations increased 27% last year, but annual additions need to double if the EU is to be carbon neutral by mid-century, industry body WindEurope has warned.

Norwegian oil and gas investor forms renewables group

Norwegian oil and gas investor forms renewables group

A private equity investor is bundling 20 oil and gas firms in its portfolio into a new industrial group to help them expand into other parts of the energy sector, including renewables.