Wind
Dec 6, 2024
Failed Offshore Auction Highlights How Denmark Missed Winds of Change
Denmark’s recent failure to secure bids in an offshore wind power auction is attributed to an outdated auction model, economic changes, and rising competition.
The tender, which aimed for at least 3 gigawatts of capacity in the Danish North Sea, offered no subsidies but rather payments over 30 years with the state holding a 20% project stake. Analysts criticized the model, as it did not reflect the current costs of building offshore wind. The system’s lack of subsidies or revenue stabilization, and Denmark’s uncapped negative bidding, were seen as deterrents for developers, making it less attractive compared to other countries’ tenders. Read more.
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wind
Jul 19, 2025
BP Sells U.S. Onshore Wind Business, Retreating from Green Energy
BP has agreed to offload its U.S. onshore wind assets—covering 10 wind farms powering over 500,000 homes—to LS Power, as it pivots back toward oil and gas amid financial pressures and underperformance in its green-energy arm.
wind
Jul 7, 2025
Trump Issues Executive Order Ending Wind & Solar Tax Subsidies
President Trump signed an executive order mandating federal agencies to enforce the termination of wind and solar tax credits after 2026 and adjust Interior policies perceived as favoring renewables.