Utility firm Eversource Energy said on Tuesday it expects a $75 million or 20 cents per share after-tax charge in the third quarter due to an increased liability for the two wind projects sold to Global Infrastructure Partners (GIP).In 2024…
Orsted shares rose on Tuesday after a U.S. federal judge ruled it could resume work on an almost completed offshore wind project in the United States, delivering a win for an industry under sustained attack from President Donald Trump.But the victory may prove short-lived…
Danish offshore wind developer Orsted said on Monday it raised 59.56 billion Danish crowns ($9.35 billion) in a heavily discounted share issue, shoring up finances as Trump administration opposition has caused uncertainty for its U.S. projects…
Danish offshore wind developer Orsted has priced its $9.42 billion rights issue at 66.6 crowns ($10.46) per share, a 66.7% discount to the stock's closing price on Friday, as it shores up its finances in the face of mounting challenges.The company has been grappling with supply chain disruptions…
Offshore wind developer Orsted won shareholder approval on Friday for a $9.4 billion emergency rights issue to help fund U.S. projects thrown into uncertainty by President Donald Trump's opposition to the renewable energy source.The stakes are high for the Danish state-controlled firm…
Danish offshore wind developer Orsted cut its 2025 profit outlook on Friday, just hours before it is poised to secure shareholder approval for a $9.4 billion emergency rights issue as it seeks to avert a looming credit downgrade.Once celebrated as a trailblazer in offshore wind…
Shares in Orsted plunged 17% on Monday after the U.S. halted the Danish company's Revolution Wind project off Rhode Island amid President Donald Trump's pushback on renewable energy investments.Orsted, the world's biggest offshore wind farm developer…
The Trump administration on Friday ordered Denmark's Orsted to stop far-advanced construction on an offshore wind project near Rhode Island, in a move that threatens to exacerbate the company's financial troubles.With construction now frozen at 80% completion…
President Donald Trump's administration plans to revoke federal approval of Avangrid's planned New England Wind project off the coast of Massachusetts, according to a court filing on Wednesday.The legal maneuver is the latest move by U.S. authorities to stymie development of offshore wind energy…
The Trump administration's order to halt work on a nearly completed wind farm off the coast of Rhode Island threatens grid reliability and jobs and defies explanation, business and government leaders from New England said on Monday.State leaders…
Ørsted’s Board of Directors has approved the interim report for the first half of 2025, with Rasmus Errboe, Group President and CEO, saying he is satisfied with the company’s strong operational performance which saw earnings of DKK 13.9 billion ($2…
Skyborn Renewables, a Global Infrastructure Partners (GIP) portfolio company, has completed the acquisition of a 50% stake in the Revolution Wind and South Fork Wind projects from U.S. utility Eversource Energy, becoming a joint venture partner in the offshore wind farms with Ørsted…
The first 11 MW Siemens Gamesa offshore wind turbine, out of total 65 planned, has been installed at Ørsted’s 704 MW Revolution Wind offshore wind farm in the United States.Once in operation, Revolution Wind will have the capacity to generate…
Orsted said that the demand for green power will continue to grow in the United States, regardless of the person who is elected as president. However, the group also pointed out construction issues and increased costs at an offshore wind farm in the United States…
The Bureau of Ocean Energy Management (BOEM) has established the Partnership for an Offshore Wind Energy Regional Observation Network (POWERON).The public-private partnership between BOEM and offshore wind lessees is designed to maximize the…
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