Orsted said it’s prepared to walk away from projects in America unless the White House guarantees more support, highlighting the myriad challenges facing wind-energy developers in the country.
All told, Ørsted’s impairments may reach 16 billion kroner ($2.33bn).
Statistics Canada reported recently that Alberta’s energy prices rose by 127.8% in July, compared with the same month in 2022.
Orsted's £8bn Hornsea Three wind farm is a prime example, and a number of others globally have been "re-shuffled and refocused."
At a Louisiana shipyard Tuesday, construction slowed so executives, politicians and reporters could tour a boat that’s almost as long as a football field. Some workers welded steel bulkheads, while others used an industrial press the size of a trailer to bend metal. At the center of the activity sat the Eco Edison, a concrete and expensive sign that some companies are pressing ahead in the fledgling offshore wind industry.
Petrobras and Equinor have signed a letter of intent that will see the two assess the potential build-out of up to seven new offshore wind projects.
Energy recruitment firm Orion Group has opened its latest US office in New Jersey, as a booming renewable energy sector looks for a range of new talent.
While Europe has been grappling with the impacts of the war in Ukraine and the huge price rises in oil and gas that it has brought, in the US, the energy landscape looks very different.
Two developers have secured provisional offshore wind lease areas off the US state of North Carolina, as the government accelerates its push to deploy 30 GW of offshore capacity by 2030.
Heerema Marine Contractors (HMC) has been selected as a strategic supplier to the Equinor-BP joint venture developing the Empire and Beacon Wind projects off the east coast of the US.
After a decade of languishing in the doldrums, the US offshore wind industry is picking up steam as it races to meet new installation targets set by the Biden administration.
Equinor and BP have announced an agreement to turn the South Brooklyn Marine Terminal (SBMT) complex in Brooklyn, New York into a major regional hub for offshore wind.
As the United States finally gives the go-ahead for its first major offshore wind farm, regulatory certainty will be key to the success of the industry on the Eastern Seaboard, according to Wood Thilsted.
The energy transition will come in a variety of forms, but playing a critical role will be offshore wind, carbon capture utilisation and storage (CCUS), and hydrogen.
BP has started a recruitment campaign for the people who will drive its expanding clean energy ambitions.
The long-stalled push to build massive wind farms in the Atlantic Ocean along the U.S. East Coast took a crucial step forward Tuesday as the Biden administration approved plans for a project off Martha’s Vineyard.
The Biden administration is outlining ambitions to dramatically boost offshore wind power in the U.S. by 2030, pushing to drive construction of projects at sea capable of generating enough electricity for more than 10 million American homes.
Equinor has reached a deal to sell its stakes in the Bakken field, onshore US, to Grayson Mill Energy, backed by EnCap Investments, for $900 million.
Bosses at Equinor have heralded the firm’s latest contract win as a “game changer” for its North American operations.
Bosses at Rotech Subsea are celebrating big contracts in the Asia-Pacific region and looking to re-establish a foothold in potentially lucrative US markets.
A leading industry expert is expecting a “rapid” uptake in renewable projects in the US post-election as the new administration makes good on its clean energy pledges.