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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 impacts on our business of the increasingly challenging situation in the offshore wind industry,

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.

Wall Street Journal · 1h

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.

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.

11hon MSN

Shell pulls out of N.J.’s 1st offshore wind farm. Is project now at risk?

Shell has effectively withdrawn from New Jersey’s first offshore wind farm, Atlantic Shores — marking the latest major ...

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 ...

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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 ...

25 MW: China to deploy record-breaking colossal wind turbines, says report

An upcoming national-level offshore wind power research and testing base in China will see 25 MW turbines being deployed for ...

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 ...

Interesting Engineering on MSN3d

World’s first ‘wall-of-turbines’ gets funding boost for offshore deployment

Windcatcher, a radical design in offshore wind turbines has won a US$107 million award to build a demonstrator facility in ...

Trump orders suspension of new offshore wind power leasing

President Donald Trump suspended new federal offshore wind leasing pending an environmental and economic review, saying wind ...

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.