COPENHAGEN, May 7 (Reuters) – Orsted will no longer build a major offshore wind farm in Britain, it said on Wednesday, citing a deteriorating global business environment for renewables and dealing a blow…
https://gcaptain.com/orsted-cancels-major-uk-wind-project-as-economics-worsen/
(Bloomberg) — Orsted A/S shares dropped almost 10% on the first day of trading since President Donald Trump’s administration ordered another developer to halt construction of a wind farm off…
https://gcaptain.com/orsted-shares-slump-after-trump-escalates-offshore-wind-threat/
There’s just over one week to go until NSIPs Forum 2025
There is now just over one week to go until the Nationally Significant Infrastructure Project Forum on 26-27 February, in London.
You will also hear from 30+ expert speakers including Planning Inspectorate, MHCLG, RWE, Ørsted, Lower Thames Crossing and many more.
This is your last chance to secure your ticket for this essential update for the major infrastructure sector.
Can’t attend on both days? One day tickets are available.
https://allaboutshipping.co.uk/2025/02/18/nationally-significant-infrastructure-projects-forum-2025/
Orsted Chief Executive Mads Nipper will step down to be replaced by company insider Rasmus Errboe, the world’s biggest offshore wind developer said on Friday, as it seeks to arrest an 83% slump in its share price since its 2021 peak.
https://gcaptain.com/orsted-replaces-ceo-as-offshore-wind-industry-struggles/
Ørsted announced today it has selected Amanda Dasch as its new region Americas CEO, tapping a seasoned executive with leadership experience in the U.S. energy sector and several international markets. She succeeds David Hardy, who recently stepped down to join GE Vernova as chief commercial officer, wind.
“We’re thrilled to welcome Amanda to our leadership team and to draw from her 20+ years of energy experience in the U.S. to guide and advance our plans to build an American energy industry...
Europe is starting to find the limit of a decades-long boom in offshore wind. It can be seen most acutely in the places that have been quickest to build capacity. Countries like Denmark and Sweden are beginning to hit a wall as power prices and incentives drop too low to make building projects...
https://gcaptain.com/denmarks-auction-flop-reveals-cracks-in-europes-offshore-wind-industry/
Orsted A/S has launched the sale of a stake in one of the world’s biggest wind farms planned off the UK coast, according to people familiar with the matter.
https://gcaptain.com/orsted-said-to-start-selling-stake-in-huge-uk-wind-farm/
Ørsted reports that David Hardy, group EVP and CEO Americas, has decided to leave the company to join GE Vernova as chief commercial officer, wind. He will step down from his position at Ørsted effective November 30.
The search for his successor as CEO is underway. In the interim period, Ørsted’s CCO and deputy CEO, Rasmus Errboe, will guide and support the senior leadership team in the U.S. market.
“I want to thank David for his five years with Ørsted. During his time, he’s been a trusted voice...
In a move involving two Scandinavian companies who are significant players in the U.S. offshore energy sector, Norway’s Equinor ASA has acquired 41,197,344 shares in Denmark’s Ørsted A/S, corresponding to 9.8% of the shares and votes in the Danish company.
The transaction establishes Equinor as the second largest shareholder in Ørsted, after the Danish State, which holds a controlling stake in the company. Equinor is, itself, 67% owned by the Government of Norway.
“Equinor has a long-term...
https://www.marinelog.com/offshore/offshore-wind-equinor-now-orsteds-second-largest-shareholder/
Norwegian energy giant Equinor ASA has made a significant move in the renewable energy sector by acquiring a 9.8% stake in Ørsted A/S, a leading offshore wind developer. The acquisition…
https://gcaptain.com/equinor-acquires-stake-in-orsted-becoming-second-largest-shareholder/