The head of one of the world’s biggest developers of renewable energy, Denmark’s Orsted, worries that the energy transition could see a slowdown as rising competition and interest rates squeeze returns and upend the case for investment.
UK offshore wind farm investment will be at risk if any windfall tax imposed on renewable producers is too severe, according to the head of the world’s top developer of the projects.
Wind developer Ørsted is making sweeping changes to its organisation, and will see the departure of long-serving Chief Commercial Officer and Deputy Group CEO Martin Neubert.
Danish energy developer Ørsted (ORSTED.CO) reported pre-tax profits of 893 million DKK (£101m) for the second quarter, as delays to key projects and “ineffective” hedging offset a rise in revenue.
The chief executive of Orsted has underlined the need for a coordinated approach to minimise the impact of Russian sanctions on society.
The chief financial officer of renewable energy developer Ørsted, Marianne Wiinholt, is to step down in 2022, prompting a hunt for her successor.
Ørsted has announced plans to alter its organisational structure as part of efforts to strengthen its ability to tap into new markets and better serve customers.
Danish developer Ørsted has announced Mads Nipper as its next chief executive and group president, effective from the beginning of next year.