wind
Dec 24, 2024
Japan Selects Two Groups for Third Offshore Wind Power Round
Japan has chosen two consortiums, including energy major BP, to develop offshore wind projects as part of its third major public auction to promote wind power development.
Japan has selected two consortiums to develop offshore wind blocks in its third major public auction aimed at advancing wind power development. The first consortium, comprising JERA, Green Power Investment, and Tohoku Electric Power, will operate a 615 MW wind farm near Tsugaru city and Ajigasawa town in Aomori prefecture. The second group, including Marubeni, Kansai Electric Power, BP IOTA, Tokyo Gas, and Marutaka, will manage a 450 MW wind farm near Yuza town in Yamagata prefecture. Both projects aim to commence operations by June 2030, utilizing turbines from Siemens Gamesa. This initiative aligns with Japan’s goal to achieve 10 GW of offshore wind capacity by 2030 and up to 45 GW by 2040, supporting its decarbonization efforts and the target of carbon neutrality by 2050. Despite challenges such as high development costs and supply chain issues, Japan continues to invest in offshore wind to diversify its energy mix and reduce greenhouse gas emissions. 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.