Daniel Lerup News Today

By Dominic Chopping Orsted proposed Trond Westlie as group chief financial officer and Patrick Harnett as chief operational officer, filling two key roles following last years management...

Danish energy company Orsted, the global leader in offshore wind, has radically rolled back its plans for expansion. The company has cut its 2030 deve...

Read 2023: Senior wind industry hires and departures and other wind energy news & analysis on Windpower Monthly

Danish wind developer Orsted A/S is facing a steep balance sheet gap even after abandoning some of its offshore wind projects in the US, according to Jefferies International Ltd analysts who cut their recommendation on the company to hold from buy. Penalties of 15 to 18 billion Danish kroner ($2.2-2.6 billion) that the company will need to pay to exit the projects will leave a funding hole that will challenge the company’s BBB+ credit rating, equity analysts including Ahmed Fa...

From bad economics to the ire of Donald Trump, the U.S. has become a pain Orsted could do without.

By Dominic Chopping Orsteds chief financial officer and chief operating officer are leaving the company as it reshuffles its management to contend with increasingly challenging conditions...

Orsted announced the abrupt departure of Daniel Lerup, Chief Financial Officer (CFO), and Richard Hunter, Chief Operating Officer (COO).

Ørsted is particularly exposed to the US, where it expanded aggressively as it sought to transform itself from an oil and gas company into a major renewable energy company. Shares in the group, which is majority owned by the Danish government, have tumbled about 55 per cent this year and were little changed in early trading on Tuesday.

World’s biggest wind power firm reported heavy losses after cancelling two US projects

The UK’s leading offshore wind developer is in talks with Net Zero Secretary Claire Coutinho about the fate of its flagship project off the coast of Norfolk, after spiralling costs cast doubt over its viability.