This legislation is designed to streamline the process of tapping into the offshore wind potential of the Black Sea, aligning with Romania's commitments outlined in its National Recovery and Resilience Plan.

The transaction, valued at £522 million, results in TotalEnergies retaining a 25.5% interest in Seagreen, with PTTEP securing the same percentage and SSE Renewables maintaining a 49% stake.

The charter commits signatories to ensuring a robust and predictable pipeline for wind energy deployment, covering at least the period 2024-2026.

The cable-laying vessel Nexus, along with the remotely-operated vehicle (ROV) trencher Dig-It, handled the inter-array cable installation, ensuring they were buried to the required depth in the challenging soft soil conditions of the Baltic Sea.

While much attention has been drawn to an income tax hike and council tax freeze, noteworthy announcements include increased funding for the offshore wind supply chain and adjustments to landfill tax rates.

The study indicates that such an expansion would incur costs of up to $700 billion and would not yield significant results until at least the next decade.

The data, prepared by the University of Strathclyde’s Fraser of Allander Institute, estimates that the sector contributed over £10 billion to the Scottish economy, supporting 42,920 full-time roles.

The immersive experience unfolded aboard the Saipem 7000, the world's third-largest crane ship, engaged in constructing a large wind farm in the North Sea, particularly the Neart Na Gaoithe (NnG) wind farm off the east coast of Scotland.

This proposed auction aligns with President Joe Biden's broader strategy to accelerate the expansion of offshore wind energy as part of the efforts to address climate change.

Through its subsidiaries Shell Wind Energy and Savion Equity, Shell is selling a 50% stake in the 180 MW Madison Fields solar PV park in Ohio and a 60% stake in the 182 MW Brazos wind farm in Texas.