offshore wind power news

BP moves offshore wind to joint venture

Big Oil Backs Off: Why Shell And BP Have Exited The Offshore Wind Business

Douglas McIntyre, editor-in-chief of Climate Crisis 24/7, reports on Shell and BP’s decisions to exit the offshore wind power sector, citing profitability challenges. He highlights issues like turbine breakdowns,

Reuters · 3d

BP forms offshore wind joint venture in renewables retreat

BP and Japanese power generator JERA have agreed to join forces to form one of the world's largest offshore wind operators, a major step in CEO Murray Auchincloss' efforts to reduce BP's focus on renewables.

Euronews (English) on MSN · 2d

BP moves offshore wind to joint venture as it shifts focus from renewables

BP is creating a joint venture to bring about 'one of the largest global offshore wind developers' while lowering its share of investment in renewables. View on euronews

Zacks.com on MSN · 2d

BP Forms $5.8B Offshore Wind Joint Venture With JERA

BP plc (BP) and Japanese power utility JERA announced plans to merge their offshore wind businesses, forming a 50-50 joint venture called JERA Nex BP. The partnership is set to invest up to $5.8 billion by 2030 to advance the development of offshore wind projects globally.

Reuters · 3d

BP's offshore wind head to step down

BP's head of offshore wind Matthias Bausenwein is leaving the company, a spokesperson told Reuters on Monday, after the oil major announced it was spinning off its offshore wind operations into a joint venture with Japanese power firm JERA.

Asian Power on MSN · 2d

JERA, bp form offshore wind joint venture

The new venture will tap 13 GW of potential capacity. JERA Co., Inc. has joined forces with bp to create a joint venture (JV) to be called JERA Nex bp that will focus on developing and operating offshore wind projects.

The Business Journals · 3d

BP spins out offshore wind business into joint venture with Japan power company

BP’s existing interest in offshore wind partnerships in South Korea are not included in the joint venture. Jera Nex BP will be based in London, and its CEO will be nominated by

Irish Star on MSN1h

New continent of 'energy islands' will 'mark beginning of offshore wind power era'

The Diary 24 and the Danish Energy Agency reports that a project is set to be built in the North and Baltic sea that will ...

8hon MSN

KATHERINE KOLLINS: Including offshore wind in North Carolina's energy future

Momentum is building to align North Carolina's energy strategy and position offshore wind as a foundational pillar of the ...

T&D1d

Change in the Wind? What Does a Second Trump Administration Mean for Offshore Wind

What does Donald Trump's re-election and his picks for his energy Cabinet mean for the nascent offshore wind power industry?

The Mandarin1h

Tasmanian offshore wind zone to future proof local supply chains, Bowen says

Licenses will be awarded to developers who can prove their project will deliver the most for Tasmania, the local workforce ...

Energy Central12h

'Pioneering' Scottish floating offshore wind farm project hits major milestone

Muir Mhòr Offshore Wind Farm has submitted two key consent applications for consideration by the relevant authorities. The project is the first fully floating offshore wind farm from the ScotWind ...

Energy Live News6h

Ørsted makes huge investment in offshore wind

Ørsted has announced contracts worth £75–100m with UK companies for its Hornsea 3 offshore wind farm. The news, welcomed by Energy Secretary Ed Miliband, means huge parts of the lucrative work to ...