wind power – Oil & Gas 360

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

Saudi Arabia awards five renewables projects worth $2.4 billion

October 28, 2025

(Oil Price) – Saudi Arabia has awarded one wind power and four solar power projects in the country worth a total estimated investment of $2.4 billion (9 billion Saudi riyals), the official Saudi Press Agency reports. Saudi Power Procurement Company, the principal buyer of the projects, awarded the five projects with a total capacity of 4.5 gigawatts (GW), as part of the

Offshore wind industry growth falling short of net zero goals

June 29, 2022

Nasdaq The global offshore wind industry had a record year in 2021 in terms of new capacity but is still projected to fall short of the International Energy Agency’s net zero goals by 2030, a Global Wind Energy Council (GWEC) report said on Wednesday. More giant offshore turbines were installed in 2021 than in any previous year, with 21.1 gigawatts

Cargill looks to use wind to cut carbon in shipping

October 28, 2020

Reuters LONDON – Cargill, one of the world’s biggest charterers of ships, is working with technology partners to fit sails on vessels in its fleet to cut carbon emissions through harnessing wind power, the U.S. agribusiness group said on Wednesday. About 90% of world trade is transported by sea and the International Maritime Organization (IMO) has said it aims to

Wind power could be dominant offshore energy focus within 5 years

January 22, 2020

Houston Chronicle The United States will likely spend more money developing offshore wind capacity than offshore oil and gas within the next five years, according to a new study. Installed offshore wind capacity off the coast of the United States could reach 20 gigawatts by 2030, generating annual investments of $15 billion in another five years, according to Rystad Energy, the

Shell to buy French floating wind farm specialist

November 5, 2019

Source: Reuters LONDON (Reuters) – Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major’s electricity business. EOLFI has largely focused on solar and wind projects, including offshore wind farms. Offshore wind is one of the fastest growing renewables markets, with floating structures the technology’s next frontier because they

Automaker Eyes Wind Powered Ships to Cut Supply Chain Carbon

November 30, 2018

From Marine Log French automaker Groupe Renault has signed a three year agreement with Neoline, a start up that says it aims to become the first modern shipowner to fully embrace energy efficiency by relying on wind power as its primary energy source. Nearly 60% of Renault’s parts and vehicles are transported by sea. “Groupe Renault’s objective is to reduce

Premium Content