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LS Marine Solution announced on June 12 that it has been selected as the preferred negotiator for the submarine cable transportation and installation sector of the Haesong Offshore Wind Project, Korea’s largest offshore wind power project.

Northland Power has delivered first power from its 1GW Hai Long offshore wind project in Taiwan, marking a key construction milestone ahead of the second half of 2025.

Global investment in clean energy is projected to reach a record US$2.2 trillion in 2025—twice the amount expected for fossil fuels—according to the International Energy Agency. This marks a 2% increase from last year and includes spending on renewables, nuclear, energy storage, low-emissions fuels, and electrification. Solar technology will attract the largest share, with US$450 billion, driven by competitive pricing and adoption in emerging markets. Despite some political leaders advocating for fossil fuels, global fossil fuel investment is set to decline, while China, the US, and the EU will lead clean energy spending. However, China and the US will also remain top investors in fossil fuels, and China continues to approve new coal projects.

BuhaWind Energy Philippines has secured a pre-development environmental compliance certificate (ECC) for its 2GW Northern Luzon floating offshore wind project.