The Wind Forecast Improvement Project 3 (WFIP3) is venturing into offshore wind energy exploration off the New England coast. The project seeks to address the complexities of forecasting offshore winds.
Oil giant Equinor is behind the project, but renewables still make up only a tiny fraction of its total energy production.
As the green energy push gathers speed, propelling the shift to renewable energy sources forward, this raises concerns about oil and gas projects being in danger of turning into stranded assets while the world hurtles towards net-zero.
With a significant level of investment in renewable energy globally, it’s about time that oil stepped aside to let sustainability take shape worldwide