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Danish wind giant Orsted replaces its CEO
Danish wind giant Orsted replaces its CEO with shares down 83% and Trump pressures looming
Orsted was in the fossil fuels business as "Danish Oil and Natural Gas" for much of its lifetime. It's renewable energy pivot is hurting in the U.S. now.
Orsted replaces CEO as offshore wind industry struggles
Orsted Chief Executive Mads Nipper will step down to be replaced by company insider Rasmus Errboe, the world's biggest offshore wind developer said on Friday, as it seeks to arrest an 83% slump in its share price since its 2021 peak.
Offshore wind power giant Orsted changes CEO
Denmark's struggling offshore wind power group Orsted said Friday it was replacing its CEO with his deputy as the sector faces an "increasingly challenging situation". "The impacts on our business of the increasingly challenging situation in the offshore wind industry,
Orsted Replaces CEO as Wind Industry Faces Challenges
The company said it is parting ways with Mads Nipper as it grapples with supply-chain bottlenecks, high financing costs and President Trump’s opposition to wind power.
Shell, offshore wind and NJ
Atlantic Shores reaffirms commitment to New Jersey offshore wind despite Shell's write-off
Atlantic Shores, a joint venture between Shell Plc and France's EDF, reiterated its commitment to delivering New Jersey's first offshore wind project on Thursday, despite Shell's recent $1 billion write-off related to the venture.
Atlantic Shores Offshore Wind says it remains committed to NJ, despite Shell announcement
The future of a New Jersey offshore wind project appears in jeopardy after one of two parent companies announced pausing its involvement.
Shell hits pause on NJ offshore wind project
The announcement clouds the future of the Atlantic Shores Offshore Wind venture, a punching bag for President Donald Trump.
3h
Denmark to halt offshore wind tenders to revamp subsidy model
Denmark will halt all ongoing offshore wind tenders as the existing framework where no subsidies are offered does not work ...
1h
on MSN
Trump executive order may leave California offshore wind projects up in the air
The Golden State is counting on 25 gigawatts, or about 13% of its electricity, from offshore projects by 2045.
1d
on MSN
Carbon-conscious travelers can now sail across the Atlantic in a wind-powered cargo ship
Described as “the world’s largest cargo ship with sails,” Anemos has opened its cabins to passengers wanting a low-carbon ...
18h
on MSN
Earth Wind and Fire announce summer 2025 tour. Get tickets today
Fans can purchase tickets for all upcoming Earth Wind and Fire shows on sites like Vivid Seats; the official on-sale is ...
5h
Central Siskiyou County under a high wind warning until Friday evening, according to the NWS
"Damaging winds will blow down trees and power lines. Widespread power outages are possible. Travel will be difficult, ...
4h
on MSN
Trump likely can’t touch permitted offshore wind projects in New England
Federal interference in permitted offshore wind projects would undoubtedly end up in court and require the government to ...
2d
At Least 5 States Were Issued Wind Advisories Today
High winds pose significant risks to residents and travelers throughout the affected regions as the National Weather Service ...
21h
on MSN
Shell Takes $1 Billion Hit on Wind Farm Trump Wants ‘Dead’
Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Donald Trump ...
1d
Which is worse for wildlife, wind farms or oil drilling?
US President Donald Trump says that wind farms harm birds and whales. Scientists weigh wind power's impacts on wildlife against those of oil and gas.
20h
on MSN
Oregon Wind Advisory Warns of Possible Power Outages, Gusts Up to 50 mph
The NWS forecasts sustained winds of 25 to 35 mph, with gusts reaching up to 50 mph. These conditions could result in ...
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