Tag: offshore wind
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China Expands Offshore Wind Power Ambitions Amid Global Setbacks
Chinese green technology companies are ramping up offshore wind development even as established players in Europe, the US, and Japan face delays or withdrawals. The OceanX floating turbine off southern China exemplifies this push, featuring a double-headed design that harnesses more wind power than any other floating turbine currently operating…
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Mitsubishi Quits Japan Offshore Wind Projects Amid Rising Costs
Mitsubishi Corporation has announced its withdrawal from three Japanese offshore wind projects in Chiba and Akita prefectures, citing construction costs that have more than doubled since the 2021 bidding phase. The projects, with a combined projected capacity of 1.76 GW, were scheduled to begin operations between 2028 and 2030. Mitsubishi…
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UK’s Biggest Floating Solar Farm Approved at Grimsby’s Ice Factory
Plans for the largest floating solar farm in the UK have been approved as part of the £100m redevelopment of the historic Ice Factory complex at Grimsby docks. The floating solar panels will cover an area larger than the pitch at Wembley Stadium and, together with other renewable energy sources,…
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Equinor Withdraws from Novocastrian 2 GW Floating Offshore Wind Project in Australia
Article Data: 22nd August, 2025 On August 22, 2025, Equinor announced it would not proceed with the feasibility licence for the Novocastrian floating offshore wind project—one of Australia’s most promising clean energy developments—with a total capacity of up to 2 GW. Partnered with Oceanex Energy, the project had previously received…
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Trump Administration Cancels $679 Million in Offshore Wind Funding
Article Date: 29th August, 2025 On August 29, 2025, the U.S. Department of Transportation revoked nearly $679 million in grants for offshore wind projects, marking a significant policy shift. The decision, which reallocates funding toward maritime infrastructure such as ports and shipbuilding, has sparked strong reactions from climate advocates, state…