The global offshore wind capacity surpassed 23 GW at the end of 2018, but only 30 MW of that was in the US. A number of projects are in progress there and news of new solicitations keep coming.
The energy transition is leading to the rethinking of business models, corporate structures and, sometimes, even a complete change of focus for energy majors in different geographies. We have seen huge asset swap deals, sector consolidation, and a growing appetite for M&A in general.
Renewables installations were once driven by subsidies. Then came tenders. Now, we are witnessing a surge in corporate power purchase agreement announcements in different markets, supporting gigawatts of new capacity or adding several years to the life of existing assets.
Major investments in renewable energy capacity are happening both in emerging and established markets. Important news for some of the biggest projects globally are gathered in the Big Projects section. Don't miss a thing!
A sure way to get a lot of committed clean energy capacity at the best possible price is to tender it and many governments around the globe have embraced that mechanism of supporting the growth of renewables.