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26/01/2017at 10:54

Investments in offshore wind boomed last year

Although only half as much offshore wind was connected to the European grid during 2016 as in 2015, the future still looks bright. However, industry association WindEurope cautions against inertia in Denmark and other countries.
by MAZ PLECHINGER

Offshore wind keeps getting more attractive. In 2016, Europe alone saw total investments of EUR 22.6 billion in the technology, which corresponds to about 25 percent more than in 2015. Of this, EUR 18.2 billion was invested in 11 new projects with a total capacity of 4,948  MW, which is about 40 percent more money and almost two thirds as many megawatts as in 2015.

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Oil & Gas

Shell books record profit for 2022

The British oil company reports a net result of USD 42bn for 2022 and has started to pay windfall taxes to both the EU and UK.

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EU parliament agrees to mandatory performance standards

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New offshore partnership zeroes in on Norway

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EU to ease green tech subsidy rules by 2025

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Further reading

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Vestas suffering from untenably pricey faults

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Latest news

  • Drilling rig company awarded with USD 392m deal for deepwater drillship – 11:00
  • Shell books record profit for 2022 – 10:56
  • Siemens Gamesa ups prices amid difficult quarter – 10:13
  • EU parliament agrees to mandatory performance standards – 09:50
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