News & Analysis

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 ‘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.

Spanish energy giant Iberdrola to create new German unit

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.

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.