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The Latest Breaking News from Orsted

This Clean-Energy Stock Just Missed Earnings And Gave A Cloudy Outlook. Shares Jumped 17%.

Enphase Energy reported worse-than-expected Q4 earnings and revenue but was upgraded.

Investors Business Daily

‘We’re facing a critical shortage’: why UK’s green revolution urgently needs skilled workers

The UK’s net-zero transition may not be short of funds. But it desperately requires many more skilled engineers, electricians and workers than it has

The Guardian - UK

US’s first large-scale offshore wind project produces power for first time

Vineyard Wind development, off Massachusetts coast, starts to deliver power to New England grid in moment hailed as ‘historic’

The Guardian - US

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Offshore wind in the U.S. hit headwinds in 2023. Here's what you need to know

Rising interest rates, inflation, and global supply chain issues brought delays in 2023 for the offshore wind industry, but also some projects began generating energy.

WEKU

Wind turbines generate more than half of UK’s electricity due to Storm Pia

Clean energy record set after windfarms generate 21.8GW in half an hour on Thursday morning

The Guardian - UK

Wind farm off New Jersey likely to ‘adversely affect’ but not kill whales, feds say

A federal scientific agency says the lone remaining offshore wind project in New Jersey with preliminary approval is likely to “adversely affect” whales and other marine mammals, but not seriously harm or kill them

The Independent UK

Decades after Europe, turning blades send first commercial wind power onto US grid

Off the coast of eastern Long Island, an 800-foot turbine is sending the first electricity onto the U.S. grid from a commercial offshore wind farm

The Independent UK

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Federal Shipping Regulations Sank One of America's Biggest Offshore Wind Projects

Yup, blame the Jones Act. Again.

Reason

Attentive Energy investing $10.6M in supply chain, startups to help New Jersey offshore wind

A company proposing a wind farm off New Jersey is investing $10.6 million to help grow the industry’s supply chain and support related technology startups

The Independent UK

How this Danish wind company became public enemy number 1 for Republicans in its ‘biggest pain point’—the U.S.

From bad economics to the ire of Donald Trump, the U.S. has become a pain Orsted could do without.

Fortune

Wind developer Ørsted bosses exit after £3bn-plus failure

World’s biggest wind power firm reported heavy losses after cancelling two US projects

The Guardian - UK

Orsted wants out of $300M forfeiture for scrapped New Jersey offshore wind farms

Offshore wind power company Orsted is trying to get out of a $300 million guarantee it agreed to pay New Jersey in the event it failed to build its first wind farm off the state’s coast

The Independent UK

Offshore wind projects face economic storm. Cancellations jeopardize Biden clean energy goals

The cancellation of two large offshore wind projects in New Jersey is the latest in a series of setbacks for the nascent U.S. offshore wind industry, jeopardizing President Joe Biden's goal of powering 10 million homes by towering ocean-based turbines by the end of the decade

The Independent UK

Wind industry deals with blowback from Orsted scrapping 2 wind power projects in New Jersey

Wind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry

The Independent UK

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The Guardian - UK

Ørsted cancels two US offshore windfarm projects at £3.3bn cost

Danish company’s CEO cites escalating costs in global offshore wind industry as shares fall

The Independent UK

Orsted scraps 2 offshore wind power projects in New Jersey, citing supply chain issues

Danish energy developer Orsted is scrapping two large offshore wind power projects off the coast of New Jersey, adding uncertainty to a nascent industry the Biden administration is counting on to help transition away from the burning of planet-warming fossil fuels

The Guardian - UK

Is crisis at Siemens Energy symptom of a wider wind power problem?

Rising construction and financing costs are likely to require fresh policies from the UK and US

The Independent UK

Coastal county and groups sue to overturn federal approval of New Jersey's 1st offshore wind farm

New Jersey’s southernmost county has joined with environmental and fishing industry groups in suing the federal government in a bid to overturn its approval of the state's first offshore wind energy farm

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The Independent UK

Orsted puts up $100M guarantee that it will build New Jersey's first offshore wind farm by 2025

The Danish wind energy company Orsted has put up a $100 million guarantee that it will build New Jersey’s first offshore wind farm

The Independent UK

Offshore wind projects need federal help to get built, six governors tell Biden

Six Democratic governors are warning the Biden administration that offshore wind projects need more federal funding and planning assistance

The Independent UK

Offshore wind energy plans advance in New Jersey amid opposition

Two major offshore wind power projects are taking steps forward in New Jersey

The Guardian - UK

BP needs a new chief executive not a slower strategy towards net zero

Oil firm should get out and argue the case for sticking to the transition timetable as Bernard Looney’s successor is sought

The Independent UK

6 protesters arrested as onshore testing work for New Jersey wind farm begins

Police arrested six protesters Tuesday who tried to disrupt the start of land-based testing for New Jersey’s first offshore wind farm

The Independent UK

Orsted delays 1st New Jersey wind farm until 2026; not ready to 'walk away' from project

Orsted, the global wind energy developer, says its first offshore wind farm in New Jersey will be delayed until 2026

The Guardian - UK

Ørsted shares fall 25% after it reveals troubles in US business

Almost £7bn wiped off value of world’s largest offshore wind company over possible £1.8bn write-down

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