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CapPro newsIRENA: Asia remains at the forefront of renewables
The International Renewable Energy Agency’s (IRENA) Renewable Energy Statistics 2025 report, published July 10, shows that despite renewables capacity growing by over 15 percent in 2024, there is a growing gap between regions.
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CapPro news
USD8.2 billion renewable push in Saudi Arabia
ACWA Power, Badeel and Aramco subsidiary SAPCO are pressing ahead with a suite of renewable energy projects in Saudi Arabia, having signed power purchase agreements with the Saudi Power Procurement Company (SPPC).
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CapPro news
Regional divides split power generation outlook
Wood Mackenzie’s mid-year analysis highlights stark regional contrasts in the global power sector, with the Asia Pacific market still the star performer.
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CapPro newsUS battery storage market keeps pace despite policy shifts
The health of the USA’s emerging energies sector has been in question thanks to the rhetoric and policy shifts coming from the White House under the Trump administration. Nevertheless, the battery energy storage (BESS) market is booming across the country this year, coming off an already impressive growth streak in 2024.
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CapPro newsCCGT back in favour in the USA
The US Energy Industry Association (EIA) said that developers could add 18.7 GW of combined-cycle capacity to the grid by 2028, with 4.3 GW already under construction.
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CapPro newsPreferred bidders named for Celtic Sea floating wind
Equinor and Gwynt Glas (a joint venture between EDF Renewables UK and ESB) have been selected as preferred bidders in a government tender to build floating wind energy capacity in the UK part of the Celtic Sea.
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CapPro news
UK commits GBP1 billion to boost offshore wind supply chain
Great British Energy, the UK’s publicly owned clean power company, and the government joined forces with industry and the Crown Estate to invest GBP1 billion (USD1.35 billion) in offshore wind supply chains.
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CapPro newsCCS investment rises, still sixfold short of net-zero needs
Cumulative investment in carbon capture and storage (CCS) is expected to reach USD80 billion over the next five years, according to DNV’s new Energy Transition Outlook: CCS to 2050 report.
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CapPro news
UK: Industry urges tax reform amid warning of 20 percent offshore workforce decline
Offshore Energies UK (OEUK), a trade association, has called for the government to remove the windfall tax on oil and gas profits by 2026. Meanwhile, Robert Gordon University believes the country could lose up to 20 percent of its offshore energy workforce by 2030 without urgent intervention.
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CapPro news
US aims to quadruple nuclear capacity by 2050
On May 23, US president Donald Trump signed a series of executive orders aimed at revitalising the nation’s nuclear power sector, with the ambitious goal of quadrupling installed capacity by 2050.
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CapPro newsEurope’s offshore wind sector gains momentum in 2025
Equinor and Polenergia have reached a final investment decision and secured financing for the Bałtyk 2 and 3 offshore wind farms in the Baltic Sea. The investment marks Poland’s second-largest offshore wind deal to date and forms part of a promising start to 2025 for the European offshore wind sector, which has already financed more capacity this year than in all of 2024. Meanwhile, the UK is looking to regain momentum following the cancellation of Hornsea 4, unveiling plans to strengthen regional industrial clusters across the country.
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CapPro newsEmpire Wind 1 back on track
The American Clean Power Association has welcomed Empire Wind 1 project’s return to construction, after the Department of the Interior lifted a politically charged stop-work order.
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CapPro newsFloating offshore wind faces confidence crisis
Research from Westwood Global Energy Group highlights growing discontent about the floating offshore wind energy sector, as near-term growth expectations fall and confidence dips across parts of the value chain.
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CapPro newsSeven UK projects cleared for extensions
The UK’s Crown Estate is proceeding with its capacity increase programme to maximise the potential of existing offshore wind lease areas.
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CapPro news
Statkraft steps back from green hydrogen developments
Statkraft has decided to stop new development of green hydrogen projects due to increased uncertainty in the market.
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CapPro news
Challenging China: US battery sector ramps up
A wave of public and private investment is supercharging the USA’s battery storage sector, but questions remain over how quickly American producers can close the gap with China’s global dominance.
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CapPro news
Hydrogen sector under strain despite pockets of progress
The hydrogen sector continued to face pressure across the value chain, from project developers and technology manufacturers to offtakers, according to Westwood Global Energy Group. However, three projects have hit key milestones.
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CapPro newsRystad: US shale growth at risk as prices slump and policy bites
Rystad Energy expects onshore Lower-48 production to fall short of the record high output of 11.37 million barrels per day (bpd) of oil, achieved in November 2023, until at least June of this year. However, this outlook faces serious downside pressure should the recent price downturn hold, forcing operators to cut back on rig activity.
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CapPro newsEmpire Wind halted
Equinor has halted the offshore construction in waters of the outer continental shelf for the Empire Wind project, which is currently under construction.
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CapPro news
Supply chain bottlenecks hinder North Sea’s long-term prospects
DNV’s North Sea Forecast: Ocean’s Future to 2050 report forecasts that offshore wind will claim 9 percent of the North Sea space by 2050, and policies to promote cross-industry collaboration are required to ease spatial planning pressure.