Topic
renewable
Commodities Shell Weighs $1bn Offshore Wind Sell-Off as It Shifts Focus Back to Oil and Gas
Shell is reportedly preparing to launch a sale of its offshore wind farms worth over $1bn, advised by Rothschild & Co and PJT Partners. The move is part of CEO Wael Sawan's strategy to cut costs and focus on higher-returning oil and gas assets, following the divestment of European onshore renewables and Indian renewable firm Sprng Energy.
Commodities Global Offshore Wind Capacity on Track to Quadruple to 420 GW by 2035
A new report from the Global Wind Energy Council (GWEC) forecasts that global offshore wind capacity will quadruple to 420 GW by 2035, driven by a 24% CAGR between 2026 and 2030. In 2025, over 9 GW were added, bringing cumulative capacity to 92.5 GW. China led with 6.6 GW of new installations, while Europe added 2 GW.
Logistics TGS Wins European Offshore Wind Site Characterisation Contract
TGS has secured a contract for offshore wind site characterisation in Europe, set to begin in August. The project will utilize TGS's Ultra High Resolution 3D streamer technology for detailed subsurface imaging.
Commodities India's Ethanol Push: E85 Fuel Price Drops by Rs 20/Litre
India is set to reduce the price of E85 fuel by Rs 20 per litre as part of its ethanol adoption strategy. This move aims to compensate for the lower energy content of ethanol and reduce fossil fuel imports.
Technology India's Rooftop Solar Surge: 75 Lakh Homes by December
India aims to power 75 lakh households with rooftop solar systems by December under the PM Surya Ghar Muft Bijli Yojana. The initiative, launched in 2024, has already solarized 40 lakh homes, with significant government subsidies driving adoption.