With the nation now in election mode, the Danish Liberal Party proposes divesting state interest in the utility’s offshore wind business to finance green transition investments of DKK 60bn. How such a sale would be executed remains unclear.
Several concerns abounded prompting the Commission to refrain from suggesting a price cap on traders dealing renewable energy – central caveats being disincentive risk, and ”that market liquidity would fall significantly,” says EU source.
After 15 years at the utility, CCO and Deputy CEO Martin Neubert is stepping down from Ørsted. ”Now I’ll have to turn my focus and time towards exploring new, exciting challenges,” says the departing executive.
Quite atypically, the Danish market leader publicly rejects to bid in Taiwan’s solicitation for 3GW offshore wind due to poor framework conditions. The green transformation will wilt if developers build uneconomic projects, says CEO.
Three machine manufacturers in northern Denmark merged this weekend into a single company, Sterke, in a move intended to gather competencies to serve the wind industry, both at home and abroad, says new director.
Initially, Ørsted and Energy Dome will run feasibility studies of a 20MW/200MWh battery, but the MoU contains an option for developing additional batteries, the first of which could be completed in 2024.
The Finnish utility is now selling its interest in crisis-stricken Uniper to the German state, which will try to save the German power company by raising around EUR 8bn in capital via an equity emission.
By spring next year, overhaul details for Europe’s electricity market will likely be announced. The market will be reformed to accommodate ”current challenges”, EU Commissioner for Energy Kadri Simpson tells EnergyWatch.