Wind – Oil & Gas 360

U.S. power boom triggers global gas turbine shortage

February 5, 2026

(Oil Price) – The hyperscaler-driven surge in U.S. power demand is creating ripple effects in the global supply chain, with gas turbines becoming the most critical bottleneck to rolling out flexible baseload capacity to support accelerated load growth. Gas turbine makers report soaring backlogs and delivery times years after order placement, while analysts say the bottlenecks in power plant equipment effectively

Trump’s war on wind power is raising costs around the world

January 12, 2026

(Oil Price) – President Donald Trump’s crackdown on offshore wind power in the United States could spill over globally, dampening investor sentiment in the industry, wind power executives have warned. Citing the chief executive of Vestas, the turbine maker, the Financial Times reported today that the ban on offshore wind in the United States heightened uncertainty, which would reduce investors’ risk tolerance and

New permitting freeze threatens hundreds of U.S. solar and wind projects

December 10, 2025

(Oil Price) – Solar and wind project approvals on federal lands have virtually stopped this year as the Trump Administration rolls back Biden-era clean energy laws and permitting regulations and shows openly hostile attitude toward green energy developments. Since President Donald Trump was sworn in in January, only one project, a solar development, has been approved on federal lands, according to

The next frontier for critical minerals

December 8, 2025

(Oil Price) – There is a rising global interest in extracting much-needed critical minerals from the Arctic to meet the growing needs for various metals and minerals. However, environmentalists are concerned about what impact the exploitation of vast untapped reserves in the region might have on wildlife and the environment. Despite potentially holding huge reserves of critical minerals, several countries have

Germany scales back offshore wind auctions after latest flop

December 5, 2025

(Oil Price) – Germany moved to reduce the capacity it will auction in its offshore wind tender in 2026, following the flop in the latest auction without a single bid made. The German Parliament approved legislation narrowing the capacity in the 2026 tender to just 2.5 gigawatts (GW) to 5 GW, compared with an earlier plan of auctioning off 6 GW of offshore

Private equity pours $1.45 billion into UK renewable energy

December 1, 2025

(Oil Price) – UK energy company Low Carbon has raised as much as $1.45 billion (£1.1 billion) from CVC Capital Partners and other investors as private equity firms are increasingly backing renewables operations. CVC Capital Partners and Low Carbon’s existing shareholder Massachusetts Mutual Life Insurance Company participated in the funding, which will see CVC Capital Partners become the majority owner of

Norway’s $2.1 trillion oil fund seeks renewables deals in U.S.

November 10, 2025

(Oil Price) – Norway’s $2.1-trillion oil fund is looking to invest in renewable energy assets in the U.S. and expand its clean energy portfolio in Europe, a senior executive at the world’s largest sovereign wealth fund told Bloomberg in an interview published on Monday. The fund has recently hired three people in New York, Harald von Heyden, global head of energy and infrastructure

Shell abandons two major UK offshore wind projects

November 10, 2025

(Oil Price) – Shell has exited two offshore wind power projects in Scotland as the world’s top oil and gas firms continue to scale back their investment and involvement in renewable energy. Shell has ditched plans to build two wind farms offshore Scotland, days after announcing it is withdrawing from the Atlantic Shores Offshore Wind project in the United States. Offshore

bp sells U.S. onshore wind business, continuing pivot back to oil and gas

July 21, 2025

(World Oil)– BP Plc has agreed to sell its U.S. onshore wind business to LS Power, as the company continues efforts to pivot back toward its core oil and gas business and reverse years of share underperformance. The deal completes the UK energy giant’s exit from wind power generation, transferring ownership of 10 assets across seven US states, according to

Why wind and solar alone can’t meet rising energy needs

June 26, 2025

(Oil Price) – Global energy demand rose by 2% last year with all sources of energy seeing upticks, the Energy Institute said in the latest edition of its annual Statistical Review of World Energy, previously compiled by BP. Oil, gas, and coal consumption increased modestly, at 1%, with oil demand specifically falling in China, by 1.2%. Global bas demand, however, expanded by 2.5%,

IEA sees 2025 energy investment hitting $3.3 trillion

June 5, 2025

(Oil Price) – Energy investments this year are set to hit $3.3 trillion on the back of a strong increase in spending on things such as wind and solar, the International Energy Agency has forecast. In its latest World Energy Investment report, the agency also said that China will cement its position as the top energy investor globally this year. The IEA noted

Trump officials lift ban on Empire Wind project, allowing construction to resume

May 20, 2025

(World Oil) – Following dialogue with regulators and federal, state, and city officials, the U.S. has lifted the stop-work order on the Empire Wind project, allowing construction to resume. Once complete, the offshore wind development will provide power for 500,000 New York homes, Equinor said in a statement. “I would like to thank President Trump for finding a solution that

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