Tekmar Group, a provider of asset protection technology and offshore energy services, has secured two contracts with a combined value of £2 million ($2.7 million for an offshore wind farm project in Japan.
TotalEnergies has signed settlement agreements with the US Department of the Interior (DOI) to relinquish its Carolina Long Bay lease (Lease OCS-A 0545) and its New York Bight lease (Lease OCS-A 0538), both awarded in 2022, along with its partners. As a result, TotalEnergies will no longer develop offshore wind projects in the US.
TotalEnergies has sold 50% of its 424 MW wind and solar portfolio in Greece to Asterion Industrial Partners, valuing the assets at €508 million ($1.4 million), or about €1.2 million per MW, while retaining joint ownership and operational control.
Saudi Power Procurement Company has awarded SAR9 billion ($2.4 billion) renewable energy projects to consortiums of leading global players such as French group TotalEnergies, Korea Electric Power Corporation as well as regional heavyweight Masdar.
US tax credit changes are reshaping the outlook for wind and solar projects, with tighter deadlines, eligibility rules and supply chain requirements. GlobalData says the 2025 legislation makes construction timelines and completion dates critical for securing incentives.
Türkiye will unveil a revised National Energy Plan on November 5, with stronger renewable energy targets through 2040, as installed wind and solar capacity surpasses 44 GW and officials highlight rising grid investment needs to support expansion.
Renewables specialist FairWind is set to boost its Asia-Pacific (APAC) presence and accelerate global growth by reaching agreement to acquire Cosmic Group, a leading Australian wind installation and maintenance provider.
South Africa’s renewable energy capacity is expected to overtake thermal generation by 2035, driven by expanding solar and wind projects, private investment and the retirement of ageing coal plants, according to GlobalData.
Canada is entering a major phase of power-sector expansion as federal tax credits, coal-fired generation phase-outs and industrial electrification drive investment in wind, solar and nuclear energy.
Al Yamamah Steel Industries Company has launched commercial production at its Al Yamamah Wind Energy Systems Factory in Yanbu Industrial City, Saudi Arabia, with the project being supervised and supported by the Saudi Arabian Ministry of Energy.
