(IN BRIEF) Ørsted has decided to discontinue the Hornsea 4 offshore wind project due to increased costs, higher interest rates, and elevated risks, making the project’s current execution untenable. The company plans to explore alternative options for the project while … Read the full press release
Posted in Business, Denmark, Economy, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology, United Kingdom
Tagged breakaway costs, CFD, Contract for Difference, energy transition, Hornsea 4, Offshore wind, partnership, project discontinuation, Rasmus Errboe, risks, supply chain, sustainability, UK, wind energy, Ørsted
(IN BRIEF) At its 2025 annual event in Copenhagen, the European wind industry outlined a call to action to help Europe address growing energy security and competitiveness challenges amidst economic uncertainty and evolving energy dynamics. The industry highlighted that wind … Read the full press release
Posted in Belgium, Business, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Annual Event 2025, auction design, Clean Industrial Deal, competitiveness, Contract for Difference, Copenhagen, electrification, energy security, European wind industry, grid build-out, Henrik Andersen, Industrial Growth, onshore wind, permitting rules, renewable energy, state aid, sustainability, wind energy, WindEurope
(IN BRIEF) The PNE Group has launched its first wind farm outside Germany, the Saint-Aubin-du-Plain wind farm in France, which entered trial operation in late 2024 and is set to begin its 20-year Contract for Difference on February 1, 2025. … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged CFD, Contract for Difference, energy production, France, growth strategy, Heiko Wuttke, Herbsleben-Dachwig, independent power producer, IPP, Nordex N131, Nordex N149, Nouvelle-Aquitaine, partnership, PNE group, portfolio, renewable energy, Saint-Aubin-du-Plain, sustainability, Sven Dippel, Thuringia, wind farm, WKN France
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