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Top related persons:
Ørsted - 1 Mads Nipper - 1 Nipper - 1 Orsted - 1 Phil Noble - 1 Toennesen - 1 Statkraft - 1 Nora Buli - 1
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England Norway London Liverpool Bay Danish Spain Portugal Copenhagen
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Burbo Bank - 1 Wednesday - 1 Orsted - 1 Burbo - 1 REUTERS - 1 OSLO - 1 Dogger Bank - 1 Triton - 1

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3 mentions found


☆ Renewables giant Orsted exits several offshore wind markets, pauses dividend after turbulent year
  + stars: | 2024-02-07 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com   time to read: +1 min
Burbo Bank, Liverpool Bay, England, viewed from the sea turbines on Burbo wind farm off the UK coast. Danish renewables giant Orsted on Wednesday announced plans to cut jobs, pause its dividend payouts to shareholders and exit several offshore wind markets after a tumultuous year of rising costs. Orsted, the world's largest offshore wind developer, said it planned to take steps "to become a leaner and more efficient" organization following a year marked by "substantial challenges." Nipper said the company's financial results had been "adversely affected" by impairments on U.S. offshore projects taken in the third quarter of 2023. Orsted canceled two major offshore wind farm projects in the U.S. late last year, citing high inflation, rising interest rates and supply chain bottlenecks.
Persons: Ørsted, Mads Nipper, Nipper, Orsted Organizations: Burbo Bank, Wednesday, Orsted Locations: Liverpool Bay, England, Danish, Norway, Spain, Portugal, London, Copenhagen, U.S
☆ Norway's Statkraft may return to British offshore wind
  + stars: | 2023-11-10 | by ( Nora Buli | ) www.reuters.com   time to read: +2 min
REUTERS/Phil Noble/File Photo Acquire Licensing RightsCompanies Statkraft AS FollowOSLO, Nov 10 (Reuters) - Norway's state-owned Statkraft could return to the British offshore wind market, but its key focus remains Ireland, Norway and Sweden, its CEO told Reuters on Friday. He expected future rounds were being re-calibrated after Britain's most recent renewable energy auction failed to attract new offshore wind projects as subsidies were deemed too low and not reflecting rising costs in the industry. Statkraft is also already one of Britain's biggest onshore renewables developers, has a large office in London and knows the market well from previous offshore wind projects, he said. Still, the company's main focus for offshore wind is Ireland, where it is developing 2.2 gigawatts (GW) together with partner Copenhagen Infrastructure Partners. It also plans to participate in Norway's first offshore wind auctions and in October bought Swedish Njordr Offshore Wind, which has an early-stage development pipeline of 21 GW.
Persons: Phil Noble, Toennesen, Statkraft, Nora Buli, Alexander Smith Organizations: Burbo, REUTERS, OSLO, Reuters, Dogger Bank, Triton, Copenhagen Infrastructure Partners, Thomson Locations: Mersey, Liverpool, Britain, Ireland, Norway, Sweden, London, Dudgeon, Sheringham, England
☆ UK sets out energy plans, critics bemoan lack of clean tech boost
  + stars: | 2023-03-29 | by ( ) www.reuters.com   time to read: +3 min
[1/2] A survey vessel sails past wind turbines at the Burbo Bank offshore wind farm near New Brighton, Britain, January 23, 2023. REUTERS/Phil NobleLONDON, March 30 (Reuters) - Britain set out plans to boost energy security and tackle emissions on Thursday, but critics said a lack of new investment and incentives meant it failed to provide any new boost for the country's green energy sector. Energy security minister Grant Shapps said the 1,000 pages of documents published on Thursday were focused on energy security, a major focus since the war in Ukraine. There were also further details on a raft of previously announced schemes such as funding for offshore wind, carbon capture, speeding up planning processes for solar and offshore wind projects, rolling out more electric vehicle charging points and encouraging heat pumps in homes. Environmental campaign group Greenpeace said the government's energy plans were not going far or fast enough to tackle climate change.
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