Orsted says US offshore wind deals protect against inflation shocks
The head of Danish energy giant Orsted says the US is an attractive place to build new offshore wind farms even after inflationary shocks devastated the sector over the past year.
Mads Nipper
Orsted’s Nipper vows to ‘fight’ for company’s future
The head of Ørsted has promised to “fight with everything I’ve got” to restore investor confidence in the company, after a disastrous 2023 led to major US writedowns and losses.
Orsted faces investor pressure to cut dividend after share slump
Wind-energy titan Orsted A/S (CPH:ORSTED) will pitch its strategic plan to investors this week, after a disastrous 2023 that saw a multi-billion-dollar writedown on US projects and the dismissal of two top executives.
Ørsted execs step down after US wind cancellations
Two of Ørsted’s top executive management will step down with immediate effect as the company grapples with major impairments and cancellations on its US projects.
Offshore wind supply chain needs to triple by 2030, Orsted CEO says
Rising demand to install offshore wind for zero-carbon electricity means the supply chain will need to triple before the end of this decade, Orsted’s chief said.
The wind industry’s success has become its biggest threat
The head of one of the world’s biggest developers of renewable energy, Denmark’s Orsted, worries that the energy transition could see a slowdown as rising competition and interest rates squeeze returns and upend the case for investment.
UK renewables windfall tax risks ‘disaster’ for wind investment
UK offshore wind farm investment will be at risk if any windfall tax imposed on renewable producers is too severe, according to the head of the world’s top developer of the projects.
Neubert to step down as Ørsted embarks on restructure
Wind developer Ørsted is making sweeping changes to its organisation, and will see the departure of long-serving Chief Commercial Officer and Deputy Group CEO Martin Neubert.
Ørsted blames ‘overhedging’ and commissioning delays for Q2 profit slide
Danish energy developer Ørsted (ORSTED.CO) reported pre-tax profits of 893 million DKK (£101m) for the second quarter, as delays to key projects and “ineffective” hedging offset a rise in revenue.
Orsted CEO calls for ‘coordinated’ effort to tackle Russian gas problem
The chief executive of Orsted has underlined the need for a coordinated approach to minimise the impact of Russian sanctions on society.
Ørsted seeks new CFO as Marianne Wiinholt steps down
The chief financial officer of renewable energy developer Ørsted, Marianne Wiinholt, is to step down in 2022, prompting a hunt for her successor.
Ørsted announces new corporate structure and mass shakeup at the top table
Ørsted has announced plans to alter its organisational structure as part of efforts to strengthen its ability to tap into new markets and better serve customers.
Ørsted appoints Mads Nipper as new chief executive
Danish developer Ørsted has announced Mads Nipper as its next chief executive and group president, effective from the beginning of next year.