Norwegian energy firm DNV has completed the first phase of its joint industry project (JIP) aimed at establishing offshore substation standards for the growing floating wind sector.
The cancellation this week of two major wind projects off the coast of New Jersey effectively sinks President Joe Biden’s end-of-the-decade goal for building out offshore wind energy, a component of the US plan to eventually reach net zero.
Orsted A/S (CPH: ORSTED) shares slumped to their lowest level in six years after the Danish utility dropped two US wind projects and recorded 28.4 billion kroner ($4 billion) in impairments as the crisis in the wind industry is only getting worse.
The biggest manufacturers of wind turbines and solar panels are facing their most serious financial challenges in years even as deployments of clean energy head for an annual record.
As the German government scrambles to prop up Siemens Energy AG, another major European wind firm faces its own moment of truth after warning of billions of euros in writedowns.
(Bloomberg) - The best option for Sweden to mitigate a power crunch in the second half of this decade is to speed up approvals for offshore wind parks, said an executive with Orsted A/S, the world’s biggest developer of those sites.
The once-booming UK offshore wind industry faces years of pain, including project delays and possible cancellations, due to soaring costs and higher interest rates.
Welcome to the final episode of the second series of Gigawaters, a four part series exploring the impact of ScotWind. Brought to you by Sustainable Growth Voice and Energy Voice Out Loud, in paid partnership with Orsted.
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.
Offshore wind projects are facing an economic crisis that erased billions of US dollars in planned spending this week — just as the world needs clean energy more than ever.
Brostrøm joined Shell in August 2021. He had previously acted as president of Ørsted North America, overseeing offshore wind plans in Massachusetts and New Jersey.
Project partners behind the Salamander floating wind farm have signed an exclusivity agreement with Crown Estate Scotland following success in the INTOG leasing round.
A cargo ship has sustained damage to the outer skin of its hull following a collision with a turbine in Orsted’s Gode Wind 1 offshore wind farm in Germany.
Rising demand to install offshore wind for zero-carbon electricity means the supply chain will need to triple before the end of this decade, Orsted’s chief said.