Offshore Wind

BlackRock Real Assets has substantially increased its investment in South Korean offshore wind platform KREDO as part of its 'dual-pronged strategy' of accessing the country’s renewables market.

While the subsector is gaining traction, it relies on new and less proven technology, write Haynes and Boone's Conrad Purcell and Jonathan Morton.

To be precise, it’s more the tax relief that accompanies the government’s ‘energy profits levy’ that encourages more oil and gas production rather than clean energy investment.

The flourishing renewables industry in the United States has a new bud, which has seen rapid growth recently after a series of federal land auctions.

The outlook for investment in wind projects in Vietnam is ‘very positive’, despite continuing regulatory uncertainty and some of the usual risks that come with investing in developing markets.

The green investment specialist has tapped Iberdrola’s former managing director of offshore wind, Jonathan Cole, to serve as CEO of Corio Generation, which will be a standalone company.

The Biden administration brought in $4.37bn with its first offshore wind land lease auction on 23 February.

The US government plans to auction a lease area in the New York Bight next month as it targets 30GW of capacity by the end of the decade.

K2 Management’s Gary Bills explains how this often-overlooked challenge is threatening the industry and what the UK needs to do to solve the problem.

Responding to the energy crisis, the UK has fast-tracked a 2050 zero-carbon electricity pledge to 2035. That brings with it some very serious security-of-supply doubts.