offshore wind

September 15, 2023

Wind capacity overtakes gas generation for ‘first time’ in GB, Drax says

According to data released by Drax Electric Insights, Britain now has more installed wind capacity than gas generation.

September 14, 2023

Struck out: reassessing the UK’s offshore wind CfD strategy

K2 Management's Will Sheard discusses how the disappointing AR5 result for offshore wind should be a learning curve for future CfD rounds.

Northern Ireland saved £243 million in 2023 by using wind power. Image: Rossographer.

September 12, 2023

UK-Ireland unveil ‘landmark’ renewable energy agreement

The UK and Ireland have signed a memorandum of understanding (MoU) to support offshore renewable energy and increase interconnectivity.

The new figure stands at 6.8%. Image: Pexels NC.

September 11, 2023

Octopus invests in developer Deep Wind Offshore after £15 billion sector commitment

Energy giant Octopus Energy has confirmed that it is set to invest in international wind developer Deep Wind Offshore.

September 8, 2023

No offshore wind granted funding as CfD AR5 limps to just 3.7GW capacity

The flagship renewable power auction, known as Contracts for Difference, has published the results of its Auction Round 5 (AR5), revealing that just 3.7GW of projects have been awarded funding.

Half of predicted £200bn by 2030 offshore investment going to projects. Image: Wikimedia Commons

September 7, 2023

Half of predicted £200bn by 2030 offshore investment to go to projects

By 2030, only half of the predicted £200 billion offshore sector investment will be committed to projects, trade association Offshore Energies UK (OEUK) has said.

seagreen-1a-substation-visual-12-cropped

August 29, 2023

Substation to add 500MW to ‘Scotland’s largest offshore wind farm’

The Seagreen 1A substation has been unanimously approved by East Lothian Council’s Planning Committee.

August 21, 2023

Arbitrary red tape could cost consumers £1.5 billion, says ECIU

The Energy and Climate Intelligence Unit (ECIU) has revealed that the treasury red tape could cost UK consumers £1.5 billion a year.

August 16, 2023

UK renewables investment slows down as competition ramps up

Following yesterday's blog covering the domestic effects of the Inflation Reduction Act, Current± looks at the international consequences.

August 11, 2023

Iberdrola signs €500m green loan with Citi and Eksfin for East Anglia III offshore wind farm

Spanish energy giant Iberdrola has secured a €500 million loan with Citi and guaranteed by the Norwegian Export Credit Agency Eksfin for the construction and development of the East Anglia III offshore wind farm.