Photo: By Teun van den Dries / Shutterstock By William Mathis (Bloomberg) -- French energy company Total SA is hiring in the U.K. and Denmark to prepare to compete for government contracts for offshore wind farms. The move adds to evidence of oil majors seeking to enter the wind business as governments everywhere look to reduce reliance on fossil fuels and spur cleaner … [Read more...]
China Could Use Offshore Wind to Power Entire Coast, Study Finds
By Bloomberg News (Bloomberg) -- The gusts of wind cascading across China’s seas have the potential to power its populous coastal provinces many times over, a study from Harvard University shows. Wind farms along the coast could potentially supply 5.4 times more electricity than the current coastal demand, researchers said in a report. Falling costs for offshore wind mean … [Read more...]
Shift to Cleaner Power Sparks Landmark Green Bond in Japan
Teun van den Dries / Shutterstock By Ayai Tomisawa and Rie Morita (Bloomberg) -- In Japan’s gusty northeast, a power company is looking to fund offshore wind projects with a landmark sale of green bonds that seeks to muscle in on the growing pool of money available for environmentally friendly investments. Tohoku Electric Power Co. plans to price what would be the debut … [Read more...]
Major U.S. Offshore Wind Project Facing Permitting Delay
Photo: By Teun van den Dries / Shutterstock By Nichola Groom Feb 11 (Reuters) - Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Tuesday it will miss its target to start sending power to Massachusetts by 2022 due to lengthy federal permitting delays. The Bureau of Ocean Energy Management, part of the U.S. Department of Interior, posted … [Read more...]
Offshore Wind Megaprojects to Get EU Support in Push for Green Power
By Reed Landberg and Ewa Krukowska - (Bloomberg) --Developers for some of the world’s biggest wind farms are poised to get a boost from the European Union under a new strategy aimed at ensuring the industry makes a larger contribution to low-carbon power supplies. Energy Commissioner Kadri Simson said officials in Brussels are working on a package of measures that will help … [Read more...]