Page 39 - Ocean Wind News Today

Denmark’s renewable energy Orsted’s future plans for a Delmarva offshore wind projects may be on shakier ground than previously thought.

Danish energy firm Orsteds shock decision to cancel two offshore wind farms off New Jersey this week was based in large part on big delays securing the ship it needed to build the project,...

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Danish energy firm Orsted's shock decision to cancel two offshore wind farms off New Jersey this week was based in large part on big delays securing the ship it needed to build the project, company officials said. The world's biggest offshore wind farm company on Tuesday said it would cease all development on the Ocean Wind projects even as it moves forward with developments off neighboring New York, triggering an angry response from New Jersey Governor Phil Murphy. The decision came...

By Scott DiSavino (Reuters) - Danish energy firm Orsted's shock decision to cancel two offshore wind farms off New Jersey this week was based in large...

Calls grow louder for the administration to speed up permitting and offer new incentives for offshore wind.

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Orsted, the Danish company that is a leading offshore wind farm developer, said on Wednesday that it would write off

Companies try myriad things to put the wind up politicians. But rarely are they as pricey as this: a $4 billion hit on two cancelled projects and the shares dow

Orsted A/S 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 worsens. The huge writedown is deeper than investors and analysts feared and just the latest in a string of bad news from an industry vital to slow global warming. Surging costs and rising interest rates have led to project delays and Germany’s Siemens Energy AG is in t...