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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,

The Wall Street Journal on MSN · 1h

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.

Hosted on MSN · 1h

Orsted Replaces CEO Mads Nipper as It Grapples With Offshore Wind Challenges

The renewable-energy company said it is shifting focus in the face of increasing challenges buffeting the industry, with deputy CEO Rasmus Errboe to take the helm on Feb. 1.

Reuters on MSN · 2h

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.

PA Media on MSN · 3h

Wind farm giant Orsted’s chief executive quits

The Danish company is behind many of the UK’s offshore wind farms but has struggled with rising costs in other countries.

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 ...

Maryland offshore wind project at risk after President Trump's executive order

BALTIMORE -- An executive order issued by President Trump could threaten an offshore wind project in Maryland. The measure ...

Hosted on MSN2h

Poland breaks ground on massive offshore wind power project

The project is estimated at 30 billion zlotys ($7.4 billion) and is a key part of Poland's energy transition strategy. The ...

15h

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 ...

Energy Central2h

First offshore wind production by 2028 ‘doable' if all goes well

Danish technical consultancy firm K2 Management (K2M). “The 2028 completion of the first offshore wind sounds aggressive but it is also doable, but that does require all the stakeholders to closely ...

Santa Rosa Press Democrat6d

President Trump’s order won’t halt California’s offshore wind leases. But will it derail the industry?

The president’s order has no immediate effect on offshore wind leases already authorized, including two large areas off ...

USA Today9d

Trump order puts chill on offshore wind. What does that mean for Massachusetts projects?

Trump backed up his pledge to throw up barriers to offshore wind power by immediately withdrawing "from disposition for ...

Maine’s offshore wind ambitions: Big ideas tempered by setbacks and competition

Maine’s formal interest in developing ocean wind energy dates back to 2008, when former Gov. John Baldacci created an Ocean Energy Task Force to devise a strategy.