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Danish wind giant Orsted replaces its CEO

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.

Yen on MSN · 2h

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".

Wall Street Journal · 3h

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.

Bloomberg L.P. · 7h

Orsted CEO Steps Down After Failing to Turn Around Wind Firm

Mads Nipper will step down as chief executive officer of Danish wind developer Orsted A/S after a series of significant writedowns over the past few years.

PA Media on MSN · 6h

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.

Shell, offshore wind

Hosted on MSN · 13h

Shell pulls out of N.J.’s 1st offshore wind farm. Is project now at risk?

Shell has effectively withdrawn from New Jersey’s first offshore wind farm, Atlantic Shores — marking the latest major setback to the state’s clean energy ambitions. Spokespeople told NJ Advance Media on Thursday that the developer remained committed to the project.

CBS News · 2d

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 put a temporary halt on new federal leases, permits and loans for both offshore and onshore wind development projects until his administration conducts an environmental and economic review.

E&E · 20h

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.

2hon 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.

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 ...

Interesting Engineering on MSN2d

25 MW: China to deploy record-breaking colossal wind turbines, says report

An upcoming national-level offshore wind power research and testing base in China will see 25 MW turbines being deployed for ...

Energy Central4h

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 ...

17h

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 ...

Interesting Engineering on MSN3d

World’s first ‘wall-of-turbines’ gets funding boost for offshore deployment

Windcatcher, a radical design in offshore wind turbines has won a US$107 million award to build a demonstrator facility in ...

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.

Denmark to Subsidize Offshore Wind in Bid to Reanimate Market

Denmark will offer state subsidies to offshore wind and green hydrogen projects as it seeks to revive a suffering market after a failed tender and delays to crucial infrastructure.

Hosted on MSN4h

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 ...

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Danish wind giant Orsted replaces its CEO

Shell, offshore wind

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