News and in-depth analysis of wind power, wind farms and wind industry companies and policy in Europe
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.
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).
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.
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 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.
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.
United Kingdom COP26: ‘Gulf between promises and policies grows’
United Kingdom Developing new grid solutions for offshore wind