Seal spotted at Moray West offshore wind farm
Workers installing turbines at the 882MW Moray West offshore wind farm off the Moray Firth have welcomed an unexpected guest – a seal.
Ocean Wind
Orsted seeks new equilibrium, outgoing COO Brown states
The offshore wind industry had been lulled into a false sense of security through cheap money and a deflationary services market, Orsted’s outgoing interim COO Andy Brown said today.
Ørsted’s US fiasco highlights need for new offshore wind business model
If governments are serious about achieving decarbonisation targets, there needs to be an honest conversation about how to do so in an environment of perennial macroeconomic uncertainty.
Updated: Orsted plunges on abandoned US wind plans, $4 billion writedown
Orsted A/S (CPH: ORSTED) shares slumped to their lowest level in six years after the Danish utility dropped two US wind projects and recorded 28.4 billion kroner ($4 billion) in impairments as the crisis in the wind industry is only getting worse.
US wind under pressure amid potential $2.3bn Ørsted impairment
All told, Ørsted’s impairments may reach 16 billion kroner ($2.33bn).
Hoping for winds of change
With the results of the first ScotWind offshore licensing round now imminent, it is perhaps worth having a wee cogitate about what the sustainable benefits or otherwise could accrue to Scotland.