Page 77 - Offshore Wind News Today

Eversource’s planned sale of its 50% stake in the three wind projects under development with Ørsted is “highly complex” given the sector’s headwinds, its status as a new asset class in North America and the joint venture structure, Fitch said. Moody’s Investors Service downgraded Ørsted last month. “The transaction will take longer than previously expected, possibly involving a re-bid process, and will pro...

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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...

/PRNewswire/ -- Aker Horizons ASA (OSE: AKH), a developer of green energy and industry, today announced results for the third quarter of 2023. Aker Horizons...

Instead of gathering momentum, the industry is confronting obstacles that could hinder its ability to realize the renewable resource’s promised benefits.

Ørsted promised upwards of 15,000 jobs over the lifetime of the projects.

Offshore Wind - Delivering on our Commitments & Protecting Shareholder Value One year ago, the projects were financially exposed to increases of...

Orsted A/S, a major offshore wind farm developer, has abandoned two key US projects due to supply chain disruptions, rising interest rates, and financial challenges.

Copenhagen Infrastructure Partners, Flexens, and Lhyfe have formed a partnership for the development and construction of an ambitious integrated energy island

The Danish company Ørsted announced this week that it is canceling the development of its two major offshore wind projects in New Jersey.