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The Latest Breaking News from Orsted

Is Trump trying to engineer Greenland’s secession from Denmark?

Denmark has summoned US envoy over intelligence reports that US citizens covertly tried to influence Greenlanders.

Al Jazeera

Trump Tightens The Screws On This Clean Energy Giant, But Solar Stocks Shines Bright

As Trump clamps down on new energy, solar stocks are roaring higher in August's stock market.

Investors Business Daily

Ørsted sees shares plunge as US halts work on offshore wind farm

The world's biggest offshore wind farm developer Ørsted saw its shares dive into the double-digit losses as the company’s Revolution Wind project received a stop-work order from the US authorities. This comes at a testing moment for the company's finances.

Euronews

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Ørsted shares at all-time low after Trump halts work on US windfarm

Shares drop by 17% after stop-work order on $1.5bn project off Rhode Island, which was 80% complete

The Guardian - UK

States vow to fight Trump official’s stop-work order on offshore wind farm

Rhode Island and Connecticut officials say project, slated to power 350,000 homes, is essential to their climate goals

The Guardian - US

Trump halts work on New England offshore wind project that's nearly complete

The Trump administration has halted construction on an offshore wind project near Rhode Island that is 80% complete

The Independent UK

Wind generator Ørsted blames Trump as shares sink to all-time low

Danish company makes $9bn cash call as it says business model has been derailed by US policies

The Guardian - UK

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Why wind farm developers are pulling out at the last minute

The UK government’s strategy for tackling climate change received a major blow in May when Danish developer Ørsted announced that adverse economic developments had halted its 2.4 gigawatt (GW) Hornsea 4 wind farm in the North Sea.

The Conversation

Denmark rethinking 40-year nuclear power ban amid Europe-wide shift

Government to analyse potential benefits of new generation of reactors

The Guardian - UK

Potential role for Chinese firm in key UK windfarm attracts government scrutiny

Exclusive: Decision on whether to work with turbine maker being overseen by ministers after British Steel rescue

The Guardian - UK

Ill winds are blowing for Labour’s 2030 deadline for clean energy

Loss of the vast Hornsea 4 offshore wind project is bad news but it reveals a big flaw in setting a deadline

The Guardian - UK

Danish Firm Orsted Halts Huge UK Offshore Wind Farm Project

Danish renewables firm Orsted said Wednesday it was shelving plans to build a massive wind farm off the UK coast due to rising costs, dealing a setback to Britain's clean energy goals.

International Business Times

Work halted on huge windfarm in North Sea amid rising costs

Danish developer Orsted blamed rising supply chain costs and high interest rates for halting Hornsea 4, which could have powered one million homes.

Evening Standard

Windfarm which could power 1 million UK homes scrapped over rising costs

Danish developer Orsted blamed rising supply chain costs and high interest rates for halting Hornsea 4, which could have powered one million homes.

The Independent UK

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The Guardian - UK

Danish firm shelves huge UK windfarm project over rising costs

Ørsted cancels fourth stage of Hornsea project off Yorkshire coast, which was set to include enough turbines to power 1m homes

The Conversation

How a community-focused vision for net zero can revive local economies

Across the world, the transition to a green economy is under threat. Growing antipathy towards the costs of tackling climate change, stoked especially by right-wing populists, undermines ambitions to reach net zero emissions by 2050.

The Guardian - UK

Equinor considers suing Trump administration over halted US windfarm

Norway’s state energy company’s $2.5bn project off coast of New York was almost a third finished

Fortune

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.

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news in one place.

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International Business Times

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 Independent UK

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.

Fortune

Orsted takes fresh $1.7 billion write-down in U.S. as its Trump nightmare begins

Orsted's latest impairment came on the same day Trump banned new offshore wind licenses.

International Business Times

Blown Off Course, Turbine Giant Orsted Seeks Second Wind

Long dependent on fossil fuels before emerging a champion of offshore wind power, Danish company Orsted is now struggling to restore its business after dropping several major projects.

Fortune

Orsted leads wind energy selloff after Trump's 'crazy' whales claim

Donald Trump has attacked Orsted and offshore wind, claiming it kills whales.

The Guardian - UK

Great British Energy can become a major power generator, says its chair

Vision for company includes the potential to borrow its own money in order to rival multinationals

The Guardian - UK

Green energy firms promise more than £24bn of new investment in Britain

Industry bosses to meet prime minister before government’s international investment summit next week

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