wind power

With abundant onshore and offshore wind power, Britain is among Europe's leaders in renewable energy but still relies on natural gas for more than a third of its energy mix.

Although shifting away from fossil fuels toward solar and wind power is achievable, certain technologies and products remain difficult to decarbonize.

The company is putting a reduced share of its investment effort into offshore wind power, though it remains a major developer in the North Sea.

“The market shrugged off concerns that lower-than-expected wind power generation would boost demand for natural gas, instead focusing on the rising availability of supply,” ANZ analysts say.

Struggling Danish wind power company Orsted announced Monday it has sold half of its Hornsea 3 Offshore Wind Farm project in the UK to US investment firm Apollo for about $6 billion.