Bloomberg Companies hoping to build wind farms off the coast of the UK have started to pay the more than $1 billion in annual fees for access to sections of empty sea, starting a race to build the projects as quickly as possible and generate clean electricity. The Crown Estate, which manages the seabed around England and Wales, signed …

  Bloomberg European natural gas prices declined as ample inventories and tanker-borne fuel help offset lower supplies from Russia. Benchmark futures fell as much 5.6% after gaining as much as 6.3%. Russian flows via Ukraine slumped further while cold weather swept across the continent, boosting demand for the fuel used in heating and accelerating withdrawals from storage sites. The region …

  Bloomberg The head of one of the world’s biggest developers of renewable energy, Denmark’s Orsted A/S, worries that the energy transition could see a slowdown as rising competition and interest rates squeeze returns and upend the case for investment. Orsted is the world’s largest developer of offshore wind farms, which it helped pioneer from a niche technology into one …