The Business Times

Wind energy

Energy & Commodities

Shell drops two North Sea wind projects in fossil fuel shift

BRITISH oil and gas giant Shell said on Monday that it was ending its participation in two offshore wind projects in the North Sea, part of its shift away from alternative energy to focus on its fossi...

Almost all of Seatrium’s non-oil and gas order book as at end-June 2025 is in offshore wind.
ESG Insights
ESG INSIGHTS

Issue 167: Seatrium tosses in offshore turbulence; Singapore greenlights novel green jet fuel model

This week in ESG: Cancelled job rocks Seatrium offshore wind business; Singapore adopts fixed-cost envelope approach to adopt sustainable aviation fuel

The vessel was set to be based on Sembcorp Marine’s in-house design in collaboration with Maersk Supply Service.
Companies & Markets

Seatrium hit by US$475 million contract termination for nearly completed wind vessel; shares drop 6.6%

The company says that it will ‘explore viable solutions’, including talks with the end-customer, Empire Offshore Wind

According to one US survey, community opposition causes 14-month delays, on average, for wind projects.
Opinion & Features
THE BROAD VIEW

Windmill wars

The best way to overcome opposition from local communities is to offer them financial compensation

The staff cuts and other efficiency measures are expected to give Orsted annual cost savings of approximately two billion Danish crowns from 2028, the company says.
Energy & Commodities

Orsted axes quarter of jobs, pivots to Europe after US setbacks under Trump

The company will cut about 2,000 jobs by the end of 2027

Further north in Shandong, they are using the new tools to correct course and reduce a glut of solar power that has built up over the years.
Energy & Commodities

China’s new market tool steers clean energy to where it’s needed

Wind developers will also get about 40% more for their electricity than their solar rivals

India has slashed the goods and services tax on solar photovoltaic modules and wind turbine generators to 5%.
ESG

India’s tax cut on solar and wind devices to lower clean energy tariff, experts say

[NEW DELHI] India’s decision to cut taxes on solar and wind equipment will lower costs for new plants and pressure existing project developers to reduce tariffs, accelerating the country’s shift to re...

Companies at the forefront of building nuclear reactors are American companies, says Jarrod Agen, director of the US Energy Dominance Council.
Energy & Commodities

Trump supports nuclear power as it is ‘more American’ than wind, solar, US official says

[WASHINGTON] US President Donald Trump’s administration is more willing to support loan guarantees and tax breaks for nuclear power than for wind and solar power, because it is “more American” than th...

US President Donald Trump has aggressively and specifically targeted wind power in his larger crusade against clean energy, often characterising it as a bird-killing eyesore.
Energy & Commodities

Trump to halt development of another offshore wind farm

The project is being developed by US Wind and will consist of as many as 114 wind turbines about 18.5 kilometres off the coast of Ocean City, Maryland

Renewable power projects can lose substantial revenue if the wind fails to blow, if clouds block the sun, or when a hurricane slams into expensive infrastructure.
ESG

Renewables battling climate change now need to insure against it

Foreign insurers see a growing opportunity in emerging markets

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