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☆ Governments take action to keep offshore wind projects on track
▼ + stars: | 2023-12-05 | by ( Susanna Twidale | ) www.reuters.com time to read: +6 min

[1/2] Scroby Sands offshore wind farm can be seen off of the coast at Great Yarmouth, Britain, October 24, 2018. Investors told Reuters governments have since shown willingness to pay higher prices, helping to restore confidence in the future of the industry. Britain's last auction in September failed to attract any offshore wind projects, with developers saying the guaranteed price on offer was too low. Britain's Octopus launched a dedicated fund with Japan's Tokyo Gas (9531.T) to invest 3 billion pounds ($3.7 billion) in offshore wind projects by 2030. Soeren Lassen, head of offshore wind Research at WoodMac said more than 50 GW of offshore wind tenders globally are planned for 2024.

Persons: Chris Radburn, ”, Jonathan Cole, Corio's Cole, Keith Anderson, Anderson, Marc Hedin, Nathalie Gerl, Germany's RWE, Soeren Lassen, WoodMac, Susanna Twidale, Nichola Groom, Scott DiSavino, Simon Webb, Jane Merriman Organizations: REUTERS, Governments, Investors, Corio Generation, Power, New York, Energy, New York State Energy Research, Development Authority, Aurora Energy Research, Research, Ireland, Aurora, Gas, Thomson Locations: Great Yarmouth, Britain, U.S, New York State, China

☆ Britain to boost offshore wind auction power price guarantees by 66%
▼ + stars: | 2023-11-16 | by ( Susanna Twidale | ) www.reuters.com time to read: +2 min

Companies Iberdrola SA FollowLONDON, Nov 16 (Reuters) - Britain will increase the guaranteed price offered for offshore wind projects in its next renewables auction by 66%, the government said on Thursday, as it seeks to spur more projects after its last auction failed to attract any offshore wind investment. Britain, which is already the world’s second largest offshore wind market after China, is seeking to ramp up its capacity to 50 gigawatts (GW) by 2030 from around 14 GW now, to help meet its climate targets and boost energy security. The offshore wind sector has been hit by surging supply chain and interest rate costs over the past year with some developers cancelling projects, while Britain's last auction yielded no offshore wind projects when the results were announced in September with developer saying the price offered was too low. The government said despite the absence of offshore wind, the last auction had succeeded in supporting other technologies such as solar, tidal and onshore wind projects capable of generating 3.7 GW, the equivalent to powering some 2 million homes. “The real test of that ambition will come when the overall budget for the next auction round is set next year.

Persons: Claire Coutinho, ”, ” Keith Anderson, ScottishPower, Susanna Twidale, Marguerita Choy Organizations: ” Energy, Thomson Locations: Britain, China

☆ Tanks and their big guns get all the attention, but Russia's smaller cannons are wreaking havoc against Ukrainian troops
▼ + stars: | 2023-10-10 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Tanks have big guns, but medium-caliber cannons on other armored vehicles can be just as deadly. AdvertisementAdvertisementWhile tanks and their big guns have been getting the lion's share of attention in Ukraine, another weapon is proving equally deadly. Medium-caliber cannon — the 20-mm to 40-mm cannon found on infantry fighting vehicles, air-defense vehicles, and other platforms around the world — have been wreaking damage against infantry and other targets. Personnel load the gun of a BMP-2 amphibious infantry fighting vehicle during an arms exhibition Russia in September 2013. The effectiveness of medium-caliber cannons suggest that as armored vehicles evolve, those guns will remain part of their armament.

Persons: —, Sam Cranny, Evans, Vladimir Pesnya, Cranny, Sergei Karpukhin, Keith Anderson, Winifred Brown, Cannon, Michael Peck Organizations: Tanks, Service, Security, Defence, Victory Day, Getty, Royal United Services Institute, REUTERS, M4, Bradley, US Army, Staff, M2A3 Bradley, Fort Bliss Public Affairs, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Ukrainian, Russian, Square, British, Russia, Soviet, Lithuania, Iraqi, Britain, Afghanistan, Mali, New Mexico, France, NATO, China, Forbes

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