Report warns offshore wind projects could be at risk as steel demand rises

Analysis by Newton Consulting said future offshore wind projects could be at risk due to increased demand for steel. The expected surge in demand could make UK projects dependent on foreign steel unless UK production increases, but this is unlikely to happen, the analysis said. Plans to close the Port Talbot furnace were announced earlier … Read more

Clean energy ambitions: Government announces tender for 4,000 MW offshore wind project in Gulf of Mannar, Tamil Nadu

To advance its clean energy goals, the government has proposed leasing seabed areas off the Tamil Nadu coast in the Gulf of Mannar to build 4,000 MW offshore wind projects on a build-own-operate (BOO) basis. The Solar Energy Corporation of India (SECI), established by the Ministry of New and Renewable Energy under the National Solar … Read more

‘Green and clean’: Increase budget to achieve India’s ‘net zero’ ambitions; support rooftop solar, offshore wind

Over 10 million households will get 300 units of free power every month under the Centre’s flagship rooftop solar scheme, Finance Minister Nirmala Sitharaman announced while presenting the interim budget on Thursday. She emphasized India’s strong intention to build a “net-zero” green economy by 2070. The nationwide scheme will incentivize households to save up to … Read more

Monaco royal family rocked by new offshore asset claims

Nice, France: A former close confidant of Monaco’s royal family has claimed that some of its wealth is being stashed in a tax haven, rocking the wealthy city-state in the latest scandal facing the palace under Prince Albert II. The accusations were published last week by French newspaper Le Monde, which it said was based … Read more