Page 90 - Offshore Wind News Today

“Extraordinary claims require extraordinary evidence.”

Orsted A/S shares dropped to a six-year low after New York regulators rejected a cost adjustment for offshore wind farms, prompting investor fears about a further writedown for one of the company’s US projects. ...Orsted already warned of impairments of as much as 16 billion Danish kroner ($2.3 billion) to its US portfolio in August. The New York ruling deals another blow to the Sunrise Wind project, which was already being held up by supplier delays. The adjustments sought by Orsted, ...

This announcement increases concerns that Orsted will walk away from its other U.S. projects Revolution Wind, Ocean Wind 1 and 2, and Skipjack, totaling 3.9 GW on a gross basis and 3.55 GW on a net basis. Should it do so, the valuation impact would be limited at DKK 38 (including Sunrise) or 6% of our fair value estimate because we’ve already drastically reduced our assumptions of value creation from those projects. In any case we don’t think Orsted will scrap them all as the...

New York rejected petitions from energy developers who asked for more taxpayer funding for offshore wind projects amid inflation, in a potentially fatal blow to those projects.

RWE Aktiengesellschaft (OTCMKTS:RWEOY – Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 3,000 shares, a decline of 33.3% from the September 15th total of 4,500 shares. Based on an average daily volume of 125,800 shares, the days-to-cover ratio is currently 0.0 days. […]

Carnegie clean Energy - ybs schreibt: https://www.carnegiece.com/portfolio/notice-of-annual-general-meeting-3/ - Aktuellster Kommentar zur Diskussion. Diskutie

SouthCoast Wind is withdrawing from its contracts. How will that impact Somerset?

Danish Copenhagen Infrastructure Partners (CIP), a global leading offshore wind farm developer, has selected the consortium of Vietnams PTSC M&C and Denmark-based Semco Maritime as an offshore substation supplier for its 500-MW Fengmiao offshore wind farm in Taiwan.

New York state authorities have rejected a request by three energy giants to raise the price of electricity in future power purchase contracts featuring offshore wind energy.

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