Ørsted CEO: Political gridlock threatens US offshore wind

Ørsted plans to realize its current projects without any aid from the stalled Build Back Better plan, but it'll be difficult to ensure returns in a future with rising inflations, says Mads Nipper. However, he remains confident that the climate aspects of the package will be adopted.

Ørsted's Chief Executive Officer, Offshore, David Hardy (top left) attended Joe Biden's signing of an executive order on unionized labor on infrastructure projects on Friday. | Photo: Chip Somodevilla/AFP/Ritzau Scanpix

A few hours after Mads Nipper gave an interview on Ørsted's 2021 financial results last Wednesday, another interview took place around 5,500 km to the west. This interview, which was much shorter, involved the Democratic senator of West Virginia, Joe Manchin, who was once again asked about President Joe Biden's trillion-dollar Build Back Better plan, which he pulled the plug on when refusing to give his decisive vote, thereby preventing a majority.

"It's dead," he told the Business Insider.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Vattenfall secures public funding for hydrogen venture in the UK

By producing hydrogen directly from turbines, the utility wants to reduce energy loss and save money. The company has just received state subsidies to develop the first turbine of this kind in the UK, providing a much more efficient solution than other alternatives, says CEO Anna Borg.

Further reading

Related articles

Latest News

See all jobs