By William Mathis (Bloomberg) --The chief executive officer of Orsted A/S will step down by the end of next January, after transforming the former fossil-fuel company into the world’s biggest developer of offshore wind farms. Henrik Poulsen, who became Orsted’s chief in 2012, oversaw a name change, strategy overhaul and an initial public offering that’s seen shares in the … [Read more...]
Renewable Energy Helps Utilities Survive Virus Slump
FILE PHOTO: A support vessel is seen next to a wind turbine at the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain September 5, 2018. REUTERS/Phil Noble By Jeremy Hodges and Anna Shiryaevskaya (Bloomberg) -- European utilities with bulging renewable energy portfolios are showing that the way out of the coronavirus slump is colored … [Read more...]
Coalition Launched to Accelerate Global Offshore Wind Capacity
Danish power company Ørsted and Norwegian energy giant Equinor are spearheading the launch of international coalition to accelerate global offshore wind capacity and other ocean-based renewable energy technologies as part of an effort to mitigate the harmful impacts of climate change. The Ocean Renewable Energy Action Coalition brings together civil society, … [Read more...]
Orsted Bets Hydrogen Is Key to Climate Goals
By Will Mathis (Bloomberg) --One of the world’s biggest developers of offshore wind farms thinks its massive turbines could be key to the production of hydrogen in a greener way and ultimately, stemming climate change. Over the past decade, offshore wind has pushed from a frontier technology to a multi-billion-dollar industry that provides green power cheap enough to compete … [Read more...]
Offshore Wind Gets a Warning From Its Biggest Developer
By William Mathis and Christian Wienberg (Bloomberg) --The world’s biggest developer of offshore wind farms issued a reality check to the industry, saying it has overestimated the amount of time its turbines are generating electricity. Copenhagen-based Orsted A/S announced that offshore wind farms wouldn’t produce quite as much power as previously forecast. The adjustment … [Read more...]