Maintains previous guidance for 2021 New CEO confident in long-term U.S. wind market Shares slightly down after initial jump (Adds new CEO comment, share reaction, development on U.S. projects)
COPENHAGEN, Feb 3 (Reuters) - Energy group Orsted expects previously delayed U.S. wind farm projects to receive swifter approval under President Joe Biden’s administration, the new chief executive of the Danish energy group said on Wednesday.
Mads Nipper, who took the helm of the company in January, made the comments as the company published full-year results in line with preliminary figures.
Orsted, the world’s largest offshore wind farm developer, hopes to drive development in the emerging U.S. wind market, but has faced significant permitting delays on projects on the country’s east coast.
Ørsted CEO Nipper optimistic for long-term future of US market
In his first financial results conference call as Ørsted CEO, Mads Nipper told reporters about the company s expectations and strategies for the US and UK markets, floating offshore wind, and possible stake sales
by Craig Richard
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SOMERSET The Missouri redevelopment company that bought the former Brayton Point power station in December 2018 has had big plans since it paid nearly $9 million for the vacant 306-acre site.
But more than two years later, what once had been the largest coal-fired power plant in New England and the single largest generator of tax revenue to the town hasn’t come close to realizing its full potential.
Steven Collins, executive vice president of redevelopment for Brayton Point LLC, an affiliate of St. Louis-based Commercial Development Company Inc., says the goal from day one has been to utilize some portion of 140 acres of useable real estate as an offshore wind manufacturing, staging and maintenance facility.
Lars T. Pedersen, CEO of Vineyard Wind, said during a press conference Monday that because the company did not make any changes to its plan, he expects BOEM to pick up where it left off in the review process. Since there are no changes required to the COP, we expect that BOEM can finalize their review based on the extensive analysis and studies of the project over the last three years, he said.
Vineyard Wind planned to use turbines from another company, but the original supply contract expired, said Vineyard Wind spokesperson Andrew Doba.
Pedersen said the company needed time to review whether the new turbines would remain within project parameters as it relates to foundation construction and staging out of the Port of New Bedford, among other logistical considerations.