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CapPro news
AR7 marks turning point for UK’s offshore wind market
A record 8.4 GW of offshore wind capacity was awarded in Europe’s largest-ever offshore wind auction.
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CapPro newsWind energy to bounce back in 2026
Analysis from Westwood Insight shows the decline in the offshore wind energy market this year. Nevertheless, 2026 should improve with upcoming auctions providing the foundations for future growth.
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CapPro newsLong-term forecasts slashed for offshore wind
Stalled site auctions, delayed final investment decisions and cancelled offtake contracts continued to weigh on the global offshore wind industry in 2025, according to the latest Global Market Overview report from TGS | 4C. While the analyst may have significantly reduced its long-term forecasts, it said there are signs that market conditions for the segment are improving on several fronts going into 2026.
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CapPro news
3.4 GW awarded in Polish offshore wind auction
Poland has awarded contracts for 3.4 GW of offshore wind capacity following the country’s first auction. Up to 4 GW of capacity was eligible for contracts covering the so-called negative balance, a contract-for-difference style mechanism.
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CapPro newsEU power pricing shift lifts BESS profit outlook
Rystad Energy reports that the economics of battery storage systems (BESS) in Europe look significantly improved following October 2025 changes to the EU power pricing structure.
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CapPro news
World Energy Outlook 2025 highlights soaring global demand
A key takeaway from the International Energy Agency’s (IEA) 2025 World Energy Outlook is the world’s growing demand for energy services over the coming decades. Renewables are slated to grow faster than any other major energy source in all the scenarios, although the pace of growth varies from one pathway to another.
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CapPro news
EU allocates EUR2.9 bn from ETS revenues to 61 net-zero projects
On November 3, the European Commission (EC) allocated EUR2.9 billion (USD3.34 billion) in funding to 61 net zero technology projects. The funding comes from the Innovation Fund, using revenues from the EU Emissions Trading System (EU ETS).
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CapPro news
ETFuels advances FEED for major e-methanol project in Texas
ETFuels has started FEED studies for the Rattlesnake Gap e-methanol project in West Texas — set to become the largest e-methanol plant in the USA.
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CapPro news
North American LNG capacity could double by 2029
Liquefied natural gas (LNG) exporters in the USA have announced plans to more than double the country’s liquefaction capacity, adding an estimated 13.9 billion cubic feet per day (Bcf/d) between 2025 and 2029, according to the US Energy Information Administration’s (EIA) Liquefaction Capacity File.
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CapPro newsAR7 budget falls short
The UK Government has announced its initial budget for the next offshore wind auction round (AR7). WindEurope, a trade association, said the budget falls well short of what’s required and could lead to a swathe of projects failing to get off the drawing board.
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CapPro news
Petrofac falls into administration
Petrofac, the UK-based EPC company that provides services to the oil, gas, petrochemical, renewables and broader energy industries, has filed for administration.
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CapPro news
Force majeure lifted at Mozambique LNG project
Reuters reports that TotalEnergies and its partners have decided to lift force majeure at the Mozambique LNG project.
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CapPro news US falters, China surges
Despite unfavourable conditions in the USA, Rystad Energy research states that 16 GW of new offshore wind capacity will come online by the end of 2025 due to projects already under way, with two thirds of them being developed in China.
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CapPro news
DOE to return USD13 bn of ‘unobligated funds’
The U.S. Department of Energy said it would return more than USD13 billion in what it described as “unobligated funds” that has been allocated by the previous administration towards green energy projects.
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CapPro news
Leaner times ahead?
Oil companies are bracing for leaner times. The threat of a supply glut and general unease about the sector appears to have forced a reaction from exploration and production companies, which have slowed drilling activity and are attempting to realise greater efficiencies through consolidation and cost cuts.
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CapPro news
UK–US nuclear pact spurs wave of project announcements
The UK and the USA are poised to sign an agreement on nuclear power during president Donald Trump’s state visit this week, with the so-called Atlantic Partnership for Advanced Nuclear Energy aiming to fast-track regulatory coordination and licensing reciprocity for new nuclear power stations in both countries.
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CapPro news
Victoria details transmission plan
Australia’s Victoria government has released its first long-term plan for renewable energy zones and transmission infrastructure in the state.
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CapPro news
US pulls USD679 million funding from offshore wind projects
The US government has continued its assault on the country’s offshore wind energy industry, withdrawing USD679 million in funding for 12 projects.
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CapPro news
Mitsubishi pulls out of three Japanese offshore wind projects
Mitsubishi confirmed last week that it would pull out of three Japanese offshore wind energy projects.
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CapPro news
Ørsted pressing ahead with rights issue as Revolution Wind stalls
On August 22, the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) issued a stop-work order for the Revolution Wind project.