Ørsted squeezed in the US
Inflation and surging interest rates mount pressure on Ørsted’s planned offshore wind farms off the US East Coast, writes Børsen.
Fortum strikes deal with Korean nuclear operator
For subscribers
Baywa r.e. appoints new CFO
Mihaela Seidl comes from a position as CFO and managing director at ESG Group.Vattenfall linked to market coercion in Finland
The Swedish utility has flagged what they deem a procedural error to Finnish energy regulators.For subscribers
RWE profits climb from EUR 2m to a stunning EUR 1.7bn in the first quarter
The German utility major shows progress across the board in the first three months of the year, propelled by hydropower, biomass and gas.For subscribers
Eon makes progress in first quarter
The German energy company noted advances on several accounting items despite prevailing uncertainties in the energy market.For subscribers
Fortum objects to "unlawful" Russian seizure
The Finnish utility company believes the Russian state has violated both Fortnum’s rights and international law.For subscribers
Ørsted dials down hedging on volatile year
Improving offshore wind assets and a new hedging strategy is to make way for a 2023 with significant milestones for the Danish utility.For subscribers
Head of Danske Commodities frustrated with overshadowing cases
”But I have to say that, when going through these recent cases, it would only be natural to consider if the low entry barriers needs to be raised,” says CEO Helle Østergaard Kristiansen.For subscribers
Ørsted isn't worried about inflation, expects US tax reductions
Finishing touches are currently being made to the second part of the Inflation Reduction Act which may trigger added tax reductions. Ørsted expects its piece of the pie.Head of Danske Commodities expects "more normalized earnings in 2023"
Earnings are going to resemble 2021 levels more, says Danske Commodities CEO.For subscribers
Ørsted enters 2023 on minor setback
The Danish utility major is off to a solid start to the year, leaving the dreadful Q4 2022 result in the dust.For subscribers
Danske Commodities bags net profits of EUR 1.47bn
Danish energy trading powerhouse nearly triples revenue while both operating result and earnings soar.For subscribers
Vestas once again world's top turbine supplier
Even though Goldwind managed to close the gap on Vestas in 2022, the Danish turbine maker still comprised most of the world’s new installed capacity.Vattenfall clamps down on hedging, pushes hydro investments
The Swedish utility has chosen to reduce price hedging on market volatility while ramping up investments in well-known technologies.For subscribers
Vattenfall shows continued growth
The Swedish utility notes significant net profit climbs after breaking even in 2022.For subscribers
Kremlin acquires Fortum's Russian assets
On Wednesday, the Finnish company reports that a Russian presidential decree enables authorities to issue temporary asset management on assets owned by foreigners.For subscribers
Ørsted: 2022 a historical low for European offshore wind ventures
Ørsted’s CEO of Europe Rasmus Errboe worries over lacking impetus in clean energy roll-out.Ørsted commits to major US investment
The Danish utility ups the ante in state of Maryland’s future offshore wind venture.For subscribers
Statkraft aims to establish 40 new projects annually from 2025
The Norwegian utility plans to make use of old and new expertise from partnerships in efforts to establish up to 3GW renewable energy capacity per year, starting in 2025.For subscribers
Statkraft climbs marginally during first quarter
The Norwegian utility successfully exits the start to the year where towering power prices contribute to the sound results.For subscribers
Fortum notes progress and terminates Russian assets
The Finnish utility eyes widespread progress in 2023 and rids itself of a major Russian deadweight.For subscribers
