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Feb. 27 (Reuters) Dutch geological data specialist Fugro on Friday reported a 21 million euro ($25 million) annual loss reflecting challenges in the offshore wind industry and said its finance chief would step down in April. The Amsterdam-listed firm's consolidated revenue came in at 1.85 billion euros, 427 million euros less than in 2024, of... Continue Reading →
Feb 25 (Reuters) - Portugal's largest power utility EDP on Wednesday reported a 44% rise in 2025 net profit, driven by robust earnings from its renewable arm, despite a decline in gains from divestitures of older renewable plants. Consolidated net profit rose to 1.15 billion euros ($1.36 billion). Subsidiary EDP Renovaveis, the world's fourth-largest wind energy producer,... Continue Reading →
Feb. 19 (offshoreWIND.biz) The US Department of Justice, Environment & Natural Resources Division, filed a Notice of Appeal on 17 February in the case in which a federal judge ruled in favour of 18 states that sued the Trump administration over the sweeping ban on wind energy projects. In May 2025, seventeen US states and the District... Continue Reading →
Feb 19 (Reuters) - The scrapping of the foundation for U.S. federal climate regulations has upended energy investor narratives that have prevailed so far this decade, and is sparking a re-think on which sectors might now win and lose in the U.S. energy space. The repeal of the so-called Endangerment Finding removes the legal basis for federal... Continue Reading →
Feb. 17 (offshoreWIND.biz) The New York State Energy Research and Development Authority (NYSERDA) has closed the state’s fifth offshore wind solicitation, launched in 2024, without awarding any offshore renewable energy credits (ORECs). The state agency has also launched a Request for Information (RFI) to inform a potential process through which the state would support the... Continue Reading →
Feb. 16 (oilprice.com) Latin America is attracting greater attention from international investors thanks to its strong renewable energy and critical mineral potential. In recent years, the region’s green energy capacity has steadily grown, while more mineral mining projects are developed, and the electric vehicle (EV) market is beginning to expand. As the United States takes... Continue Reading →
Feb. 13 (offshoreWIND.biz) DNV has issued a prototype certificate for a mooring line component which mitigates dynamic mooring and platform loads on floating wind turbines, developed by the Irish engineering company Dublin Offshore. The certificate for Dublin Offshore’s load reduction device (LRD) was issued following completion of the prototype certification process in line with DNV‑SE‑0422... Continue Reading →
Feb. 12 (OE) GustoMSC, through its parent company NOV, has secured contracts for the design and supply of critical equipment for Hanwha Ocean’s new wind turbine installation vessel (WTIV), based on the GustoMSC NG-16000X design, with delivery scheduled for the second quarter of 2028. The vessel will be the fourth based on the NG-16000X platform,... Continue Reading →
Feb. 10 - HydroWing Tidal Energy Projects, part of Inyanga Marine Energy Group, has been awarded a further 10MW for its Ynni’r Lleuad Project at Morlais in Wales in today’s announcement of the UK government’s Allocation Round 7a (AR7a) Contracts forDifference (CfD) awards. This additional capacity builds on the 20MW already awarded to HydroWing through earlier rounds... Continue Reading →
Feb. 10 (Reuters) BP posted quarterly profit in line with analyst expectations on Tuesday and suspended its share buyback programme as it wrote down around $4 billion in its renewables and biogas businesses. BP, whose new CEO Meg O'Neill will start in April, said it would allocate the excess cash to invest in oil and... Continue Reading →
Brazil Energy Insight 