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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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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.
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Stronger ports and more vessels required to meet European offshore wind goals
Europe aims to increase its offshore wind capacity from 36.6 GW today to 84 GW by 2030. To do that, industry association WindEurope calls for timely investment in vessel manufacturing and port infrastructure.
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EIA: Brent crude prices to average ‘just about USD50 per barrel in 2026’
The US Energy Information Administration (EIA) expects a significant decline in the price of oil as growth in the global supply vastly surpasses growth in demand for petroleum products.
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BWO urges reform as offshore project fail to woo bidders
Germany’s tender for 10.1 GW of offshore wind energy capacity failed to attract any bids. The German Offshore Wind Energy Association (BWO) sees this as an alarming signal and calls on the government to fundamentally reform auction design.
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CapPro newsFLNG sector to triple in size by 2040
Floating liquefied natural gas (FLNG) projects, once hindered by technical and operational challenges, are now achieving utilisation rates comparable to onshore terminals. With LNG demand rising alongside the growing viability of smaller gas fields, the sector continues to gather momentum and Rystad Energy expects capacity to triple by 2030.
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EUR700 million awarded to 11 green hydrogen projects
The Dutch government awarded over EUR700 million (USD793 million) in subsidies to 11 green hydrogen projects in the second round of its OWE scheme for large-scale electrolysers.
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CapPro news
USA tightens federal oversight for wind and solar
The US Department of the Interior said that it will implement stricter oversight of wind and solar energy projects on federal lands.
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CapPro newsbp divest US onshore wind assets
bp confirmed that it has agreed to sell its US onshore wind business, BP Wind Energy North America, to LS Power
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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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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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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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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.