Offshore wind: Banks hesitant to support developments Business Banks are proving hesitant to finance offshore wind projects due to concerns surrounding the use of Chinese equipment, according to a new report. Security concerns, a lack of precedent and doubts that China-based equipment manufacturers can provide sufficient guarantees around performance have led would-be financiers to sit on their hands before plugging in cash, energy [...]
Renew buys Full Circle in entry into onshore wind market Energy Amersfoort-based Full Circle repairs, maintains and monitors assets in the European renewable energy market.
BP puts US onshore wind power business up for sale Energy BP plans to sell its onshore wind business in the US in a further sign that the oil major is rowing back on its commitment to transition towards developing more renewable energy projects. The firm said on Monday that it would launch a sale process BP Wind Energy, its American onshore wind energy division that [...]
Lifting onshore wind ban ‘exactly what industry needs’, investors say July 8, 2024 The Labour government's decision to lift the effective ban on onshore wind farms has been met with delight from the UK business community, with city lawyers and investors branding it a "no-nonsense statement" that will help "deliver on net-zero ambitions".