Denmark Based Orsted News Today

Eversource, the New England utility that is a 50-50 joint venture partner on two New York offshore wind farm projects, on Monday announced it would take an impairment charge for its offshore wind assets of up to $1.6 billion for the fourth quarter of 2023. The charge, which reflects a lower estimated fair-market value for the three projects, comes even as Eversource is in the process of selling off its wind-energy assets and exiting the sector.

New York’s best bet for entering the era of offshore wind power is stacked up at the water’s edge in Connecticut.

Recent setbacks for the U.S. offshore wind industry, capped by the withdrawal Wednesday of two large projects in New Jersey, have cast the fledgling market in a more precarious light as developers rethink some of their projects due to rising costs. Soaring prices for raw materials and higher interest rates have led major European developers to make difficult decisions about projects once hailed as the linchpins of state and federal goals for all-green energy. First-generation projects, ...

Tramp cargo ships of murky registration love it when the world’s attention is focused on land-based conflicts. One looks very much like the other – ubiquitous rust buckets of the sea &#821...

Bringing Taiwan to the World and the World to Taiwan

Governments and industry are debating about who should be responsible for the protection of the offshore assets. Read more at straitstimes.com.

As Europe turns to renewable sources to diversify energy supplies away from Russian oil and gas, a peaceful marine scene conceals a billion-dollar security headache. "Our technicians are only here until five o'clock in the afternoon, then they go home," said Thomas Almegaard, head of operations at Nysted wind farm, co-owned and operated by Denmark-based Orsted, the world's biggest offshore wind developer. The picture is similar across the North and Baltic Seas, Reuters foun...

As Europe turns to renewable sources to diversify energy supplies away from Russian oil and gas, a peaceful marine scene…

As Europe turns to renewable sources to diversify energy supplies away from Russian oil and gas, a peaceful marine scene conceals a billion-dollar security headache. Rising above the...

As Europe turns to renewable sources to diversify energy supplies away from Russian oil and gas, a peaceful marine scene…