Solar prices are collapsing amid widespread inflation

Despite the inflation crisis, the price of solar cells has plummeted in 2023 and is now near a historic low point. The reason is China which has ramped up production.

by VICTOR EMIL KRISTENSEN

Everything from the price of eggs and butter to the interest rate on mortgages has increased dramatically since Russia’s invasion of Ukraine.

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EU lags behind on targets for critical raw materials
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Biocirc CEO Bertel Maigaard. Biocirc is run by asset manager Maigaard & Molbech, where Bertel Maigaard is also partner. It manages the fortunes of a group of wealthy Danish families, including Just Eat founder Bo Bendtsen. | Photo: PR/Biocirc

Oil & Gas

Biocirc reveals German expansion next year: "An exciting pipeline"

Plans to build more plants by 2024 are not limited to the US, reveals the CEO of the biogas group.

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Oil & Gas

Oil prices a few dollars away from year-high record following turbulent week

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European Energy CEO Knud Erik Andersen is pleased with a successful sale to Japanese Mitsui. | Photo: Gregers Tycho

Cleantech

European Energy and Mitsui finalize transaction of Danish solar farm and PtX plant

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From left: Elizabeth Press, moderator and Director of Planning and Program Support, Ingrid Reumert, SVP and Head of Global Stakeholder Relations at Ørsted, Morten Dyrholm, Group SVP for Marketing, Communications & Public Affair at Vestas, Shamini Selvaratnam, Associate Director at Ocean Conservancy, and Ben Backwell, CEO at GWEC. | Photo: Consulate General of Denmark in New York

Renewables

Offshore wind players: Crucial to speed up the pace of project permitting

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Tommy Larsen is the CEO and founder of Weptos. | Photo: Weptos

Renewables

Wave energy developer warns: China could take the helm if Europe doesn't wake up

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Wind turbine manufacturer Nordex's CEO, José Luis Blanco, will have some extra on his plate for the next 18 months. | Foto: Nordex

Renewables

Nordex CEO becomes chairman of Wind Europe

TotalEnergies CEO: Unreasonable to ban Russian LNG sooner than 2025
There will not be enough liquefied natural gas to replace the EU’s imports of Russian LNG until 2025 or 2026, says the CEO of Totalenergies.
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CMA CGM and Maersk will need help in new green lobbying alliance
Two of the world’s largest container shipping companies have joined forces to ”accelerate decarbonization” in the shipping industry - but it will take more effort to succeed, analysts say.
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European Energy: TotalEnergies partnership is stepping stone towards more markets
European Energy envisions its entry into several markets after entering into a partnership with one of the world’s largest oil and gas companies.
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FLSmidth: The mining sector's reputation blocks the green transition
Problems attracting talent to the industry, which extracts critical minerals such as lithium and cobalt, could make it difficult to meet green energy targets, according to the equipment manufacturer.
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Ørsted selects Semco Maritime and KK Wind Solutions for German OSW farms
The two Danish companies have joined forces on a service contract for Borkum Riffgrund 1 & 2 and Gode Wind 1 & 2.
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Havfram dismisses offshore wind crisis: Not worried about Ørsted contract
”If projects disappear, we manage to pick up other projects on the market,” Havfram CEO Ingrid Due-Gundersen tells EnergyWatch.
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Goldman Sachs sees further oil price increases hitting risk willingness

Goldman Sachs points out that options trading currently indicates a 45% probability that Brent oil will remain above USD 90 per barrel until at least January next year.

Utilities

Analyst: Ørsted's status threatened after big bets on US offshore wind

”It used to be a beloved company that consistently exceeded expectations. Now there are confidence issues,” says one analyst to The Financial Times.

Photo: Consulate General of Denmark in New York

Renewables

FLSmidth: The mining sector's reputation blocks the green transition

Problems attracting talent to the industry, which extracts critical minerals such as lithium and cobalt, could make it difficult to meet green energy targets, according to the equipment manufacturer.

For subscribers

Renewables

European Energy reaches one GW and boosts earnings significantly

Earnings soar for Danish developer European Energy in the second quarter, which also marks a milestone in power sales.

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Lars Petersen, co-founder of Global Wind Service | Foto: Jakob Skouboe

Renewables

Global Wind Service changes strategy: Looks to acquire

It takes hefty financing to stay in the wind industry. Global Wind Service leans on its Norwegian owner when investing for potential future growth and pursuing acquisitions.

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Roeland Baan, CEO of Topsoe. | Foto: Haldor Topsøe/pr

Renewables

Topsoe: US subsidy scheme puts pressure on Denmark's green leadership

Future investments from Danish giant Topsoe are moving to the US as a result of US subsidies. Without US aid, Topsoe would have invested more in Denmark.

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