OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
Hydrogen-iron battery and a German storage wave target wind curtailment
A hydrogen-iron battery will provide long-duration wind storage in the Netherlands, while Germany adds a 310 MW Eco Stor site and a 99 MW Zelestra battery under a Centrica tolling deal.
Vestas profit surge and Enercon refinancing point to steadier turbine makers
Vestas reported a sharp Q2 profit rise with a EUR 400m buyback and led the RENIXX that week, while Enercon closed its turnaround with new billion-euro financing.
Scatec enters Romanian onshore wind as quarterly output rises 21 per cent
Scatec is moving into Romanian onshore wind, broadening a largely solar portfolio, and reported second-quarter power production up 21 per cent year on year.
EU renewables approached 50 per cent of electricity in July 2026
Renewables neared half of EU electricity in July 2026, with solar almost level with nuclear as heat and low water constrained European reactors.
Heat and low water squeeze Europe’s nuclear fleet, Romania offline since 2003 first
Sustained heat and low river levels cut European nuclear output, leaving Romania without nuclear generation for the first time since 2003.
SuedLink’s Elbe tunnel is finished as Germany’s power corridors near commissioning
SuedLink's 5.2 km ElbX tunnel under the Elbe is complete. Cable pulling starts late 2027 and the 700 km link enters service at the end of 2028.
German wind additions jump 53 per cent as offshore returns to the grid
Germany added 3,948 MW of wind between January and July 2026, up 53 per cent year on year, with 1,194 MW of it offshore after a year with no offshore commissioning at all.
Germany’s grid and capacity package draws legal challenges from several directions
Germany's grid connection package faces a constitutional opinion against it, doubts over EU-law compatibility, a Bundeskartellamt warning and an EU complaint against the capacity market law.
Ørsted to restore dividend from 2027 after rights issue and disposals
Ørsted will reinstate dividends for the 2026 financial year with a first payout in 2027, following a USD 9.35bn rights issue and a completed divestment programme.
Turkey prepares first offshore wind tender, targeting 5 GW by 2035
Turkey has released a draft 1 GW offshore wind YEKA tender covering four Aegean areas, with the auction due in Q1 2027 and a 5 GW target for 2035.
