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February 7, 2024
By Dominic Chopping Orsted has launched a comprehensive new plan with cost cuts, a pause in dividends, asset sales and new business priorities following a...
February 7, 2024
By Dominic Chopping Orsted, the struggling European wind-energy giant, said it will cut costs, pause dividend payments over several years, sell assets and...
January 3, 2024
BP and Equinor have canceled a major offshore wind contract near New York. The project, known as Empire Wind 2, was expected to be installed 15 to 30 miles...
December 14, 2023
The costly, delayed construction of the Charybdis highlights a shortage of crucial ships
November 30, 2023
Investors and consumers balk at costs of replacing fossil fuels with renewable energy, highlighting painful economics of climate mitigation
November 10, 2023
Stocks related to wind, solar and other forms of renewable energy have fallen by a third this year. Only a handful may be ready to rebound.
November 4, 2023
Big Techโs consumption of water at its data centers is already massive, but artificial intelligence makes it a lot worse. The companies talk sustainability,...
November 4, 2023
The cancellation of two large offshore wind projects in New Jersey is the latest in a series of setbacks for the nascent U.S. offshore wind industry,...
November 1, 2023
The company said it is canceling its Ocean Wind I and II projects in southern New Jersey, citing supply chain issues and rising interest rates.
November 1, 2023
Shares in Denmark's รrsted plunged 20% after the offshore wind farm developer abandoned two U.S. projects and took a DKr28.4 billion ($4bn) impairment charge.