UK government confirms 40GW offshore goal

20/12/2019 09:06 Wind


The new UK Conservative government has included an election manifesto pledge to increase new offshore wind capacity to 40GW by 2030, from 30GW previously, in today's Queen's speech, which outlines its agenda for the next parliament.

The speech also said the government would “enable new floating turbines”, without going into further detail.


Efforts to help achieve the country's 2050 net zero carbon emissions goal would also include an investment of £800m to build the first fully deployed carbon capture storage cluster by the mid-2020s.


A further £500m would be provided to help energy-intensive industries move to low-carbon techniques.


Daily (03.07.2020): Brent and WTI settled on Thursday at their highest levels since March amid lower U.S. unemployment rate

03/07/2020 09:49:00

Crude oil futures posted a second consecutive day of gains on Thursday, with Brent and WTI hitting their highest levels since March 6, after a decline in U.S. unemployment rate and a sharp drop in crude stockpiles earlier this week. Hence, Brent crude for September delivery soared by $1.11, or 2.64%, to settle at $43.14 per barrel. At the same time, U.S. WTI crude edged 83 cents higher, or 2.08%, to end at $40.65 per barrel.


RWE wraps up acquisition of Innogy's renewable energy ops

03/07/2020 09:40:00

German energy major RWE AG said on Wednesday that its complex asset-swap with rival E.on SE is now fully completed, creating a massive renewable energy business.


Polish govt agrees offshore wind cooperation with sector players

03/07/2020 09:34:00

The government of Poland and representatives of the offshore wind industry have entered into a letter of intent that outlines their future cooperation in the development of the particular sector.