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The OPEC Fund for International Development (OPEC Fund) has signed a €50 million loan agreement with the Industrial Development Bank of Türkiye (TSKB).
Global Underwater Hub (GUH) has published a white paper detailing its strategy to enhance the performance and reliability of subsea cable systems, which are essential for transmitting electricity from offshore wind farms to the grid.
The German Federal Network Agency has announced a tender for the offshore wind area N-9.4, which has not been centrally pre-examined, in accordance with Section 16 of the Offshore Wind Energy Act (WindSeeG).
Denmark is set to suspend all current offshore wind tenders after the no-subsidy framework was deemed unsustainable under today's market conditions. The global offshore wind sector has faced significant challenges, including rising costs, increased interest rates, and supply chain bottlenecks. A recent tender in December failed to attract any bids, prompting the government to reassess its approach.
RenewableUK’s latest Offshore Wind EnergyPulse Insights report reveals that the global capacity of fully operational offshore wind farms has reached 80.9GW, up from 70.2GW a year ago—an increase of 15%. Two markets accounted for 63% of this new capacity: China added 6.9GW, while the Netherlands contributed 1.7GW.
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