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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.
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".
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.
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.
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, offshore wind
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 under current market conditions, its energy minister said on Friday.
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.
Denmark to subsidize offshore wind, green hydrogen projects
Denmark is planning to offer state subsidies for offshore wind and green hydrogen projects in an effort to revive its struggling market. This comes after a failed tender and delays to vital infrastructure,
3h
on 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.
Renewable Energy World
21m
Global wind developer replaces CEO amid turbulent times for turbines
CEO Mads Nipper will step down and Rasmus Errboe, current deputy CEO and CCO, will assume his position with the company.
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 ...
18h
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 ...
Hosted on MSN
6h
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 ...
1d
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.
MassLive
13d
Offshore wind project to power over 840,000 Mass. homes approved by feds
the nation’s eleventh commercial-scale
offshore
wind
energy project, which will
power
more than 840,000 homes,” ...
Power Technology
5h
Atlantic Shores commits to New Jersey wind project despite Shell’s write-off
Atlantic Shores has committed to deliver New Jersey’s first offshore wind project despite Shell’s $1bn write-off related to ...
The Press of Atlantic City
22h
Atlantic Shores vows to push forward with NJ wind farm despite Shell's reported pullout
Atlantic Shores says it will push forward with its planned wind energy farm off the coast of southern New Jersey despite the ...
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