Tenders, funds and nuclear setbacks

In this episode, we delve into the critical updates in the global offshore wind energy sector. Leading with Norway's recent strides, we examine the shortlisted bidders for the Sørlige Nordsjø II offshore tender, announced by the Norwegian Ministry of Petroleum and Energy. We also scrutinise why Danish developer Orsted has announced its withdrawal from the Blavinge partnership and its broader retreat from Norwegian offshore wind tenders. Meanwhile, the US offshore wind sector saw the Department of the Interior's final approval for the construction and operation of the Empire Wind project. This collaboration between Equinor and BP signals a positive trajectory for offshore wind in the US.In the UK, the government's decision to raise the strike price for the offshore CfD scheme by over 50% is a strategic move to bolster the economic viability of these projects. We dissect this policy change and its potential impact on the upcoming Allocation Round 6 and beyond.We also bring you a  comprehensive funds roundup, highlighting the imminent final close of Ancala Partners' third flagship fund, the anticipated inaugural investment of Rubicon Capital Management's latest debt fund, and the ambitious target set by SWEN Capital Partners for its third biomethane fund. Finally, we delve into the recent developments surrounding NuScale, a key player in the small modular reactor (SMR) sector. NuScale's journey has been marked by both promise and challenges, particularly highlighted by the termination of its flagship project with Utah Associated Municipal Power Systems. This decision underscores the complex dynamics and hurdles faced by SMRs, including rising inflation, supply chain costs, and interest rates, which have significantly affected the economics of such projects.Hosted by:Oliver Carr - Lead AnalystDila Cebeci - Senior AnalystAshkenaz Al - Reporter Reach out to us at: podcasts@inspiratia.comFind all of our latest news and analysis by subscribing to inspiratiaListen to all our episodes on Apple Podcasts, Spotify, and other providers. Music credit: NDA/Show You instrumental/Tribe of Noise©2024 inspiratia. All rights reserved.This content is protected by copyright. Please respect the author's rights and do not copy or reproduce it without permission.