Orsted says offshore business faced headwinds in Q4 due to delays, hedges

(Reuters) - Denmark's Orsted (ORSTED.CO), the world's No. 1 offshore wind farm developer, on Wednesday reported fourth-quarter operating profit in line with preliminary 2022 numbers but said its offshore business faced challenges. "In a year with unusual market conditions, not least the very volatile energy prices and a substantial increase in inflation, we're happy to achieve a record-high... Continue Reading →

Portugal’s First Offshore Wind Auction Set for 3Q as German, Nordic Firms Show Interest

(Reuters) Portugal's first offshore wind power auction is drawing interest from large utility companies, especially those in northern Europe, the economy minister said on Friday, adding that the government would speed up the process, aiming for a third quarter launch.  The government last week launched a public hearing regarding proposals for the delimitation of areas... Continue Reading →

BP delves into global energy trends over next 30 years

UK-headquartered energy giant BP has unveiled its new energy outlook, highlighting the main trends and uncertainties surrounding the energy sector and the transition to low-carbon and green energy sources over the next three decades. With the current energy and climate crises at the forefront, BP’s new Energy Outlook explores the key trends and uncertainties surrounding the energy... Continue Reading →

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