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Orsted
Earnings

Orsted’s strategic shake-up has investors worried

February 4, 2024 Stu Turley

Wind firm Orsted will present its new strategy on Wednesday Company faces dilemma of cutting targets or raising capital Cutting dividend, asset sales could restore confidence -analysts COPENHAGEN, Feb 2 (Reuters) – Orsted (ORSTED.CO), opens new […]

Offshore

Ørsted withdraws from Maryland offshore wind farm deal

January 26, 2024 Mariel Alumit

Ørsted Danish renewable energy developer Ørsted has changed its plans for the 966-MW Skipjack Wind project off the coast of Maryland in the US. The company claimed that financial incentives provided by Maryland were no […]

Coal

Grid operator sounds alarm as coal plant shutdown threatens power for millions

November 25, 2023 Mariel Alumit

A power grid operator that serves millions of Americans across the mid-Atlantic is warning that a planned coal-fired power plant shutdown will severely threaten electricity supplies and occur before new power sources come online. PJM Interconnection […]

Orsted
Energy Crisis

Green Dreams Turn Into Nightmares: After US Withdrawal, Orsted Pulls Out Of Norway Wind Bidding

November 14, 2023 Mariel Alumit

By Charles Kennedy of OilPrice.com Danish offshore wind developer Orsted has officially withdrawn from a consortium set to bid on Norwegian offshore wind projects just days after pulling out of two U.S. offshore wind projects, Reuters reports, […]

Climate Crisis

Daily Energy Standup Episode #245 – Berkshire’s Record Cash Pile, Nuclear Reactor Requests, Wind Project Cancellations, and EU Sanctions

November 6, 2023 Andy Del Prado

Daily Standup Top Stories Berkshire Cash Pile Hits All-Time High $157 Billion, As Buffett Sells A Record $38BN In Stock In Past Year November 5, 2023 Allen Santos Over the years, Warren Buffett has been opportunistic […]

Offshore wind farms
Climate Crisis

Daily Caller: Do Big Wind Project Cancellations Signal Peak Subsidy Has Been Reached? Will the IEA even admit the issue?

November 5, 2023 Mariel Alumit

ENB Pub Note: David Blackmon’s article from the Daily Caller is excellent, and we highly recommend that you follow the Daily Caller and his personal substack. We also highly recommend subscribing to all of his […]

New Jersey
Energy Transition

Biden-backed wind power company cancels New Jersey projects despite $1B in subsidies

November 2, 2023 Mariel Alumit

A green energy company on Tuesday pulled the plug on two wind projects off the coast of New Jersey which were approved for an estimated $1 billion in taxpayer-funded subsidies by Democratic Gov. Phil Murphy and state […]

Wind Industry
Climate Crisis

The myth of affordable green energy is over

October 10, 2023 Mariel Alumit

The pervasive narrative about offshore wind in recent years has been that costs are falling and that wind power is cheap. But scratch below the surface and you find that things are not quite so […]

Offshore wind farms
Energy Transition

Major headwinds threaten off-shore wind targets

October 10, 2023 Mariel Alumit

The pervasive narratives about off-shore wind in recent years have been that costs are falling, and that wind power is cheap. But as I noted in a previous blog, and in my latest article for The Telegraph, things […]

Orsted
Energy Transition

What do Orsted’s financial problems mean for Rhode Island’s stake in offshore wind?

September 16, 2023 Mariel Alumit

​ “As we mature towards the final investment decision, if the walk-away scenario is the economical, rational decision for us, then this remains a real scenario for us as an alternative to actually taking the […]

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