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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 Wall Street Journal on MSN · 49m

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 · 38m

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.

Bloomberg L.P. · 5h

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 · 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.

14h

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 ...

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 ...

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.

Japan revises rules for offshore wind power auctions

The Japanese government on Wednesday announced a revision of its rules for offshore wind power auctions as the sector globally grapples with delays and soaring expenses driven by tight supply chains ...