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BP CEO Bernard Looney said the company aims to use its expertise in large, complex offshore projects to build a “global position” in offshore wind

BP: Offshore wind ‘only scalable energy source for green hydrogen needs’

Oil major BP’s ambition to establish a leading global position in hydrogen is driving its investment in renewables – especially offshore wind – it stated in a market update as it recorded a doubling of net profit in 2022.

Vestas CEO Henrik Andersen said the company is “fully focused on returning to profitability in 2023”

Vestas ‘fully focused’ on return to profit after heavy 2022 loss

Vestas CEO Henrik Andersen said the company is “fully focused” on returning to profitability this year as the turbine maker confirmed a €1.57 billion net loss in 2022, citing inflation, supply chain disruptions and an increase in warranty provisions.

Grant Shapps was today (7 February) appointed by Prime Minister Rishi Sunak to a new role as secretary for energy security and net zero (pic credit: Carl Court/Getty Images)

UK net zero chief previously described onshore wind farms as ‘eyesore’

The UK’s new energy security secretary, Grant Shapps, previously described onshore wind farms as an ‘eyesore’ in a television interview.

Siemens Gamesa has previously supplied turbines to offshore wind farms elsewhere in the Asia Pacific region, including Taiwan (pic credit: Swancor Renewable Energy)

Doosan to assemble Siemens Gamesa offshore wind turbines in South Korea

South Korean manufacturing company Doosan Enerbilty will assemble Siemens Gamesa’s offshore wind turbines as part of a newly signed pact covering the east Asian market.