Insight
Corporate power and renewables in brief
Report summary
The Corporate Power and Renewables in Brief report highlights the latest need-to-know events from the corporate power and renewables sector. It is a rolling document, continuously updated with our analysis and opinion on events impacting the sector. Coverage includes offshore wind, onshore renewables, hydrogen and other new energies. Sources for the news stories include company press releases, industry events, press coverage, and our own research presentations and reports. Please bookmark this document as it will be republished continuously.
Table of contents
- Iberdrola posts strong Q1 results and increases FY2024 guidance
- Vattenfall confirms offshore wind asset sell-down to BASF
- TotalEnergies, RWE and CIP suffer blow to New York offshore wind projects
- TotalEnergies expands its battery storage position in Belgium
- US DOE announces US$6.3B in funding for industrial decarbonisation projects
- Ørsted takes FID on Sunrise offshore wind project in US
- European utilities’ 2023 results round-up
- Shell exits US offshore wind project, SouthCoast Wind
- Iberdrola leans further towards networks in CMD 2024
- Enel 2023 results buoyed by hydro rebound and asset sales
- RWE posts impressive FY 2023 results
- Shell’s Energy Transition Strategy 2024 – nothing to see here
- Ørsted farms-down US onshore wind assets
- Iberdrola makes an offer for full ownership of its US subsidiary, Avangrid
- Enel partners on battery storage build out
- EDP Q4 results: hydro recovers but a mixed year for wind and solar
- Equinor and Ørsted win US offshore wind offtake
- Ørsted appoints new CFO and COO
- Iberdrola and ENGIE Q4 2023 results
- EDF returns to profit but warns on price and cost risks
- SSE highlights renewable operational challenges
- Ørsted changes tack with a conservative revised plan
- Vattenfall 2023 results hit by lower power prices
- TotalEnergies acquires 200 EV charging points in Spain
- Ørsted withdraws from another US offtake agreement
- Equinor and BP end US offshore wind partnership
- TotalEnergies boosts its US commercial offshore wind portfolio
- EDF’s UK nuclear costs mushroom
- Eni's Plenitude joins Spanish offshore wind venture
- TotalEnergies expands its European offshore wind and battery storage businesses
- EIP buys into Eni's Plenitude
- TotalEnergies sells-down stake in Seagreen offshore wind farm to PTTEP
- RWE buys 4.2 GW UK offshore wind development portfolio from Vattenfall
- Ørsted takes FID on giant UK offshore wind farm
- EDF and TotalEnergies target hydropower in Mozambique
- First offshore wind success in Asia for RWE
- BP takes full ownership of Lightsource BP
- Vattenfall spotlights energy transition prospects
- RWE powers forward at CMD 2023
- Enel unveils leaner three-year plan
- UK offshore wind CfD price up 66%. Who might bid in AR6?
- RWE and SSE report strong earnings
- TotalEnergies acquires 1.5 GW of flexible power generation capacity in Texas
- ENGIE and Enel report strong Q3 2023 results
- EDP upgrades full-year profit guidance, maintains renewable project returns
- Ørsted Q3 results include a US$4 billion impairment
- Iberdrola and Vattenfall Q3 2023 results
- TotalEnergies strengthens its integrated power business in Germany
- TotalEnergies, RWE and CIP awarded offtake for US offshore wind projects
- Ørsted farms-down 50% of Gode Wind 3 offshore wind farm
- SSE and TotalEnergies complete Scotland’s largest offshore wind farm
- Equinor starts-up world’s largest offshore wind farm
- Ørsted shares slump on asset write-down warning
- Engie acquires Broad Reach Power, expands in US battery storage
- Offshore wind earnings increase for Ørsted and RWE in H1 2023
- EDF Renewables locks-in 7 GW solar PV module supply in US
- European utilities results rebound on return to stability
- Ørsted divests remaining stake in 630 MW London Array
- Equinor buys renewable assets in Brazil
- Vattenfall stops further development of major UK offshore wind project
- Vattenfall and SSE report weak renewables power generation
- INPEX enters Australia renewables sector with Enel Green Power deal
- Big Oil wins big in latest German 7 GW offshore wind tender
- Is tax credit boost for Ørsted’s Ocean Winds I enough for FID?
- Shell narrows focus, shrinks ambition
- Ørsted delivers buoyant offshore wind focussed CMD 2023
- SSE sees profits surge, upgrades growth targets
- RWE and ENGIE make impressive start to 2023
- Hydro recovery boosts EDP
- Ørsted reports good start to 2023
- Vattenfall reports return to stability
- EDF sales rise on higher prices
- Strong Q1 for Iberdrola as renewables and hydro normalise
- EDF and CEIC plan China energy island
- Iberdrola agrees to sell CCGTs in Mexico for US$6 billion
- RWE posts impressive FY 2022 results
- Ørsted expands its Irish solar portfolio
- EDP puts renewables growth at heart of updated strategy
- BP announces plan for green hydrogen project in Spain
- EDF slumps to record loss
- BP strategy update – leaning back from transition
- PETRONAS set to add Australian solar to renewables portfolio
- TotalEnergies flips French renewable power assets
- Ørsted 2022 prelims include material impairment on US offshore wind project
- Ørsted ups its stake in Ocean Wind 1 in the US to 100%
- Ørsted takes FID on its largest solar project to date
- Equinor and RWE form hydrogen partnership
- Ørsted takes FID on Swedish e-methanol power-to-x project
- Repsol acquires Asterion Energies to add 7.7 GW of renewables capacity
- Shell wins tender to develop fourth Netherlands offshore wind project
- Europeans dominate US floating offshore wind lease auction
- Eni boosts Italian renewables portfolio
- Enel sharpens strategic and financial focus
- SSE profits surge, sticks to strategy, faces UK windfall tax
- Iberdrola’s CMD 2022 shifts emphasis towards regulated assets
- Ørsted Q3 earnings buoyed by conventional assets
- Equinor expands in European solar with BeGreen acquisition
- Ørsted and CIP form powerhouse offshore wind partnership in Denmark
- TotalEnergies goes big on Brazilian renewables
- Ørsted decides not to bid in latest Taiwan auction
- US acquisition a big deal for RWE
- Chevron signs geothermal collaboration agreement
- Eni's Plenitude enters new partnership to develop solar and wind projects
- Ørsted raises FY 2022 guidance but expectations for offshore wind fall
- Offshore wind will deliver 25% higher cash margins than upstream
- Equinor adds battery storage to US low-carbon offering
- Shell takes FID on Holland Hydrogen I
- Eni's Vårgrønn gets Dogger Bank, expands scope and ambition
- Equinor and SSE acquire Triton Power, stepping up UK hydrogen ambitions
- Eni postpones Plenitude IPO
- BP takes 40.5% operated stake in the Asian Renewable Energy Hub
- TotalEnergies initiates new Indian hydrogen drive with Adani
- Repsol unlocks ‘see through value’ for its renewables business
- TotalEnergies makes its largest US renewables acquisition to date
- TotalEnergies expands US Offshore wind portfolio
- Shell makes US$1.55 billion renewables acquisition
- Offshore wind: Europe’s leading companies
-
Euro Majors form new offshore floating wind partnerships
- Ørsted boosts IRRs through farm-down of 50% stake in giant 1.3 GW Hornsea 2
- Record bids in US offshore wind lease sale
- TotalEnergies adds to its US renewables business
- Ørsted delivers 2021 earnings in line with guidance but offshore wind struggles
- Euro Majors boost UK wind portfolios
Tables and charts
This report includes 26 images and tables including:
- Projects selected through IDP use technology that is ready for deployment but high in capital need
- RWE FY2023 adj.EBITDA
- Ørsted's funding programme 2024-2030
- Ørsted’s gross capacity outlook to 2030
- NOC strategic positioning in wind and solar
- RWE Capital Markets Day 2023 - accelerated plan
- Offshore wind projects with permits in place today
- RWE core adjusted EBITDA 9M 2023 vs 9M 2022
- RWE H1 2023 core adjusted EBITDA
- Ørsted H1 2023 EBITDA excluding new partnerships
- Ørsted funding programme 2023-30
- Ørsted’s 2023-2030 capex plan
- FY 2022 vs 2021
- Financial outlook for 2023
- Equinor and RWE form hydrogen partnership
- Renewables installed capacity outlook CMD 2022 vs CMD 2020
- Networks asset base outlook CMD 2022 vs CMD 2020
- Breakdown of RWE’s total installed capacity:
- Breakdown of RWE’s renewables installed capacity:
- FY 2022 guidance change: breakdown
- Weighted average operating cash margin (real), pre-production assets, 2025-2040:
- Low carbon hydrogen; projected gross output, based on proposed, identified projects
- TotalEnergies' 2050 vision for production and sales
- Net renewable power capacity
- Renewables portfolios
What's included
This report contains:
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