The UK government has announced an 11% increase in the guaranteed price for offshore wind projects in 2025's renewable energy auction.

ArcLight has acquired Advanced Power and announced an initial $1bn equity commitment aimed at expanding North American power infrastructure.

The Scottish government has awarded Section 36 consent and associated marine licences to the 100MW Salamander wind farm.

The IEMOP has reported that a surge in renewable energy usage could drive down average annual spot power prices by as much as 24% by 2029.

CenterPoint Energy announced a boost to its 10-year capital investment strategy, with an additional $500m to address surging power demand.

Masdar and Iberdrola have secured £3.6bn ($4.87bn) in financing for the development of the 1.4GW East Anglia THREE offshore wind farm.