Orsted’s C.E.O. says it plans to move quickly to complete a $6.2 billion wind farm off Rhode Island after a judge struck down President Trump’s bid to halt it.
Category: Orsted AS
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Denmark’s Renewable Energy Prospects Dim Under the Trump Administration
Orsted, a Danish wind farm developer, has been hammered by high costs and President Trump’s efforts to stymie renewable energy. Its struggles are rippling across Denmark.
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Orsted to Cut 25% of Staff as Prospects for Wind Power Diminish
Battered by delays, higher costs and attempts by the Trump administration to block its projects in the United States, the Danish company is retreating to its base in Europe.
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Orsted Stock Plummets to Record Low After Trump Halts U.S. Wind Farm
An order to stop work on the Revolution Wind project off Rhode Island further rattled the beleaguered Danish company.
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As Trump Curbs Wind Farms, Orsted Plans $9.4 Billion Share Offering
Shares of the Danish renewable energy developer tumbled after it would issue more stock to raise funds instead of divesting a stake in a wind farm off the U.S. coast.
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Europe’s Wind Industry Faces Uncertainty Over Trump’s Policies
Not long ago, the U.S. was seen as a promising market for offshore wind. Now industry executives aren’t making any assumptions.
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Renewable Energy Sector Braces for Trump Tariffs
The components used to assemble wind turbines are made by suppliers around the globe.
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Green Energy Ambitions of European Companies Take a Beating
Orsted of Denmark and Equinor of Norway tap the brakes on offshore wind development after setbacks and market shifts.
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Trump’s Win a Worry for an Already Struggling Wind Industry
Faced with rising costs and thin margins, wind energy developers have lately been reducing their ambitions.
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Britain Awards Renewable Energy Contracts That Could Power 11 Million Homes
The successful outcome of the government auction for renewable energy projects may bolster a wind industry battered by rising costs.
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What Ails Offshore Wind: Supply Chains, Ships and Interest Rates
Government officials and energy developers misjudged the difficulty of building huge clean energy projects in the United States, which has built very few of them.
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In a Warming World, Clean Energy Stocks Fall While Oil Prospers
The market is focused on making money now and isn’t heeding urgent warnings about climate change, our columnist says.