Renewable energy giant SSE launches plan to become Britain’s first global windfarm business as it invests up to £15bn over next decade. Chief executive Alistair Phillips-Davies said he is looking to ‘branch out from the UK and Ireland’ to build windfarms in continental Europe, the US and Japan. Last month, SSE submitted a bid to develop Denmark’s largest offshore windfarm, called Thor, in partnership with Danish investment fund Copenhagen Infrastructure Partners.
Daily Mail 13th Feb 2021 read more »
Thanks to zero-carbon promises, wind farms are expected to overtake the number of oil rigs in British waters by 2030. Oil majors are diversifying their energy production to evolve with the times. Both BP and Total have highlighted strategies for wind energy production in the U.K., with BP investing £924 million in the development of two sites. In 2020, BP announced plans for net-zero carbon emissions by 2050. This ambitious offshore wind project appears to be BP’s way of putting its money where its mouth is. The company is partnering with German firm Energie Baden-Wuerttemberg (EnBW) to develop the sites in the Irish Sea.
Oil Price 13th Feb 2021 read more »