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After nearly a century, oil output in the U.S. Gulf of Mexico is heading towards its peak with new platforms providing a last hurrah as the region becomes a hot spot for burying greenhouse gases.
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Supply chain issues, inflation and higher interest rates, as well as regulatory intervention could hamper offshore wind development, the head of Swedish utility Vattenfall said on Thursday.
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Swedish utility Vattenfall on Thursday reported a largely unchanged underlying operating profit for the first quarter, supported by its heating and energy trading arms, offsetting lower contributions from its wind business.
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Europe's offshore renewable energy industry is not big enough to deliver governments' goals to rapidly expand green power, and requires a jump in policy support and funding to get on track, European companies from the sector said on Monday.
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Floating wind is viewed as the final frontier for offshore wind as turbines can be installed in deeper waters than fixed-bottom foundations, harnessing stronger and more continuous wind to generate more power.