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Norwegian oil major Statoil plans to invest up to 20% of capital expenditure in other areas, such as offshore wind, by 2030. Chief executive Eldar Saetre said in a presentation of the company’s 2016 results that between 15% and 20%…

Allianz and MUFG have together invested tax equity in EDF Renewable Energy’s 225MW Great Western wind farm in Oklahoma. The project is located in Ellis and Woodward Counties, about 200km northwest of Oklahoma City. Allianz Capital Partners head of renewables…

Anyone who still thinks wind power is just a load of hot air obviously hasn’t been paying attention. Witness the V164, a prototype wind turbine that Denmark’s MHI Vestas Offshore tested at Østerild at the close of 2016. With a…

The winds of change are blowing harder in the U.K. The price of energy generated by offshore wind farms has been falling steadily, and ahead of schedule too. Costs have fallen 32 percent since 2012, bringing them below a target…

Siemens has installed and commissioned its new 8MW offshore wind turbine at the Østerild test site in Denmark. The installation went “according to plan” the German manufacturing giant said and the hardware will now enter the final development phase. A…

New York State made clean energy history today when the Long Island Power Authority (LIPA) approved a contract for the nation’s largest offshore wind project, which will be located in the waters off Eastern Long Island. The approval is the…

A new flapping wind turbine from Tunisia marks a revolutionary breakthrough in the field of mechanics. Until recently, scientists have been limited in their ability to apply new understandings of animal and human motion to machines, according to Tyer Wind.…