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Aug 25 (Reuters) - Shares in Orsted plunged 17% on Monday after the U.S. halted the Danish company's Revolution Wind project off Rhode Island amid President Donald Trump's pushback on renewable energy investments. Orsted, the world's biggest offshore wind farm developer, has already faced mounting challenges, including rising costs, higher interest rates, and supply chain disruptions,... Continue Reading →
Aug 13 (Reuters) - Danish wind turbine maker Vestas swung to a profit in the second quarter from a loss a year before, maintaining its financial outlook for 2025 on expectations it could overcome the impact of U.S. policy uncertainty. Vestas reported an April-June operating profit before one-off items of 57 million euros ($66.56 million) on... Continue Reading →
Aug 11 (Reuters) - Denmark's Orsted (ORSTED.CO), opens new tab on Monday asked its shareholders for 60 billion crowns ($9.4 billion), sending the stock sharply lower as the wind farm developer seeks to boost its finances amid U.S. President Donald Trump'sopposition to wind power. Struggling in recent years with soaring inflation and logistical problems that sent costs soaring,... Continue Reading →
(OE) Blue Water Suriname has secured rig agency and logistics contract for Noble Corporation’s Noble Developer rig, which is engaged on drilling operation for Petronas offshore Suriname. Blue Water team in Suriname will offer rig agency and the logistics and shorebase support Noble Developer, engaged in drilling operations in Block 52. Located strategically off the... Continue Reading →
(offshoreWIND.biz) The Danish government will launch a 3 GW offshore wind tender this autumn, providing support through two-sided Contracts for Difference (CfD), following the suspension of the previous auction round earlier this year. The tender will open in autumn 2025 and will cover three areas, two in the Danish North Sea and one separating Denmark... Continue Reading →
(Reuters) Wind turbine maker Vestas on Tuesday reported an unexpected operating profit for the first quarter, contrary to analysts' predictions of a loss, and kept its outlook for the year unchanged despite geopolitical uncertainty. The Danish company reported an operating profit before special items of 14 million euros ($15.8 million) against a year-earlier loss of... Continue Reading →
(OE) Danish wind turbine maker Vestas has secured an order from Copenhagen Infrastructure Partners (CIP) to supply offshore wind turbines for the 495MW Fengmiao I project off the coast of Taichung in Taiwan. The order includes 33 V236-15.0 MW turbines as well as a long-term comprehensive service agreement designed to ensure optimized performance of the... Continue Reading →
(offshoreWIND.biz) Danish Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure V (CI V), has signed a transaction to take full ownership of the Morecambe offshore wind farm from Cobra Group and Flotation Energy, owned by TEPCO Renewable Power. The financial terms of the transaction are not disclosed. Flotation Energy will remain involved... Continue Reading →
(Reuters) - Vestas, the world's biggest wind turbine maker, said uncertainty could weigh on performance, but the execution of its record order backlog would boost revenue, and it announced a share buyback as fourth-quarter results beat expectations. Its share price was trading 1.39% higher at 1038 GMT on Wednesday on the Copenhagen bourse, reversing falls... Continue Reading →
(Reuters) - Denmark will halt all ongoing offshore wind tenders as the existing framework where no subsidies are offered does not work under current market conditions, its energy minister said on Friday. The global offshore wind industry has been hit by surging costs, rising interest rates and supply chain bottlenecks. Denmark said in December that its latest... Continue Reading →
Brazil Energy Insight 