UK offshore wind failure exposes a troubled green industry

Politicians must move away from thinking of wind turbines solely as money-making machines if the green industry is to thrive, says Vestas executive Morten Dyrholm.

Vestas-direktør Morten Dyrholm har selv medvirket til det store fokus på pris, når der skal opstilles grøn energi, siger han. Men med inflations- og rentepres er industrien nu i problemer, og der er behov for, at politikerne skifter fokus, hvis den grønne industri skal kunne levere de fornødne maskiner til den grønne omstilling. | Photo: Jp

by VICTOR EMIL KRISTENSEN

It was expected, but still a major disappointment.

Already a subscriber?Log in here

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.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Vestas pauses plans to build UK factory following auction flop
For subscribers
Media: Vestas sees activity decline at factory and sends employees on forced vacation
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

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. | Foto: 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.

For subscribers

Oil & Gas

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

For subscribers

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

Cleantech

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

For subscribers

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. | Foto: Consulate General of Denmark in New York

Renewables

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

For subscribers

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

Renewables

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

For subscribers

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.
For subscribers
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.
For subscribers
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.
For subscribers
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
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.
For subscribers
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.
For subscribers

Ørsted CEO: CCS poses similar risks as offshore wind

Ørsted is ready to bid on future carbon storage tenders. CEO Mads Nipper believes the area has the same risk as offshore wind and the same potential returns.

For subscribers

RWE's CEO, Markus Krebber, told the Financial Times that RWE is among the developers that decided not to bid for the contracts. This happened despite the fact that the company won a number of contracts for onshore wind projects and solar energy in the same tender round. | Foto: Rwe

Renewables

RWE boss: Absence of bids for offshore wind projects is wake-up call for the UK

The harsh criticism comes in the wake of the UK government’s annual tender for offshore wind energy contracts which was unsuccessful with no companies bidding for the contracts.

For subscribers

Renewables

"It surprises a lot of people that it's so difficult for us"

Global Wind Service is being impacted severely by the current downturn in the wind industry. ”My friends don’t understand how challenging it is in the green industry in these years,” says co-founder.

For subscribers

Udfordringerne for vindindustrien får nu Europa-Kommissionens top, Ursula von der Leyen, til at ville gribe ind. | Foto: Yves Herman

Policy & Trading

EU ready with wind energy package: Industry faces "unique mix of challenges"

The challenges facing the European wind industry have prompted the EU to announce new measures to strengthen the industry. Organizations are eagerly awaiting help that is ”much needed and necessary”.

For subscribers