offshore

Delay in U.S. Offshore Wind Farm Boosts Nexans’ Focus on European Sales

9 months ago

Due to delays in the development of an offshore wind farm off the coast of the United States, Nexans, a leading cable manufacturer, is considering increasing its sales efforts in the European market. This decision appears to stem from a slowdown in the deployment of offshore wind projects in the United States, which is expected to continue throughout the next year. As a result, Nexans is seeking to redirect its efforts and resources toward developed renewable energy sectors in Europe, where projects are progressing more actively.

UK to Loosen Its Offshore Wind Power Targets for 2030

9 months ago

The UK is set to soften its ambitious offshore wind power targets, aiming to achieve 50 gigawatts by 2030. This decision comes as the government seeks to adapt to the changing conditions in the energy sector and a slowdown in the growth of new projects. The new target is now set at 40 gigawatts.