Page 40 - Ocean Wind News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The challenging times are set to continue for Danish renewable giant Orsted after the firm announced it will be pausing shareholder payouts and slashing costs to try and regain control of the struggling company. In its 2023 report published today, the Danish wind-power giant said it will slash its green power pipeline goal to 35-38 gigawatts by 2030, down from a previous target of 50 gigawatts alongside efforts to reduce its fixed costs by DKK 1bn (£114m) by 2026. In addition the group will cut 600-800 positions globally, with about 250 people being made redundant w...

'We have signed contracts to provide over 60 terawatt hours of power over the past 2 years to these large technology companies, an amount we expect to incr...

Read Renewables major Ørsted crashes to heavy loss in 2023 amid US offshore wind struggles – updated and other wind energy news & analysis on Windpower Monthly

Windtech International is the only worldwide magazine with a technological focus for global the wind energy industry.

Net-zero initiatives in the UK and U.S. are facing consumer backlash and harsh financial realities, forcing governments to reconsider their policies.