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Jan 23 (Reuters) - European governments including Germany, Britain and Denmark will reinforce their plans to massively expand wind power projects on Monday, despite U.S. President Donald Trump stepping up criticism of their green energy agenda, a draft declaration due to be signed by government leaders showed. Trump has been openly critical of European countries'... Continue Reading →
Jan 2 (Reuters) - Denmark's Orsted said on Friday it was challenging the U.S. government's suspension of the lease for its Revolution Wind joint venture and would seek a court injunction against the decision to halt its $5 billion offshore wind project. The Trump administration suspended leases on December 22 for five large offshore wind projects that are... Continue Reading →
Dec 23 (Reuters) - Danish offshore wind developer Orsted has agreed to sell a 55% stake in its Greater Changhua 2 offshore wind farm in Taiwan to life insurance company Cathay in a deal worth around 5 billion Danish crowns ($788.74 million), it said on Tuesday. Orsted, the world's largest offshore wind developer, is trying... Continue Reading →
Nov. 12 (offshoreWIND.biz) Ørsted has reduced its carbon emissions by 98%, becoming the first energy company in the world to achieve its science-based 2025 decarbonisation target, the Danish firm announced on 12 November. Renewable energy accounts for 99 per cent of the company’s energy production, while its scope 1 and scope 2 emission intensity has... Continue Reading →
Nov. 6 - The project to install a shipyard at Porto Central, currently under construction in Presidente Kennedy, in southern Espírito Santo, has made further progress. M.A.R.S. Europe A/S, the European subsidiary of M.A.R.S. Inc., has signed a new agreement with Porto Central to detail the project for the construction of a world-class shipyard in... Continue Reading →
Nov. 5 (Reuters) Danish offshore wind giant Orsted said on Wednesday that it had no plans to take over the renewables business of Equinor, its second biggest shareholder, which has proposed closer ties between the companies. Norwegian oil, gas and renewables group Equinor, which took a 10% stake in Orsted last year and injected close to $1... Continue Reading →
Nov 5 (Reuters) - Orsted, the world's biggest offshore wind farm group, swung to a quarterly net loss of 1.70 billion Danish crowns ($265,50 million), it said on Wednesday, hit by U.S. President Donald Trump's trade policies and resistance to renewable energy. Orsted's shares have plummeted 85% from their 2021 peak, hit by soaring costs... Continue Reading →
Nov 3 (Reuters) - Denmark's Orsted said on Monday it agreed to sell a 50% stake in Britain's Hornsea 3 offshore wind farm for 39 billion Danish crowns ($6.09 billion), widely regarded as a crucial move to prevent a crippling credit rating downgrade. Orsted, the world's largest offshore wind developer, seeks to restore investor confidence as... Continue Reading →
Oct 20 (Reuters) - Danish shipping company Maersk is testing a blend of Brazilian ethanol with methanol and marine diesel - known as "bunker" - for its vessel engines as part of its efforts to further decarbonize operations, the company announced on Monday. WHY IT'S IMPORTANT The initiative could open a new market for Brazil's ethanol... Continue Reading →
Oct 16 (Reuters) - Colombia received a bid from a subsidiary of Denmark's Copenhagen Infrastructure Partners (CIP), to develop a project in the South American country's first offshore wind energy round, the head of its hydrocarbons agency said on Thursday. Orlando Velandia, who heads Colombia's National Hydrocarbons Agency (ANH), said CIP subsidiary CI GMF Cooperatief... Continue Reading →
Brazil Energy Insight 