Recent months have seen several countries launch big plans for offshore wind, and there’s enormous potential, says Ørsted’s CEO. The option of a 20% capital raise provides the utility’s chief with a trump card to play should growth opportunities arise.
Recent years have seen crashing rotor blades, cracked foundations, and burning nacelles on a handful of turbines in the birthplace of offshore wind. Problems notwithstanding, the Danish utility’s CEO is convinced that such issues will not undermine confidence in technology.
The big legislative package worth USD 430bn has now passed through the US House of Representatives, and while also containing plenty of support for fossil energy, the bill’s provisions for renewables and energy infrastructure keep a sliver of hope alive for keeping global heating somewhat in check.
Making the steel industry sustainable faces several major challenges; firstly the need to add staggering volumes of renewable capacity, and secondly, legislative reform, says lobby Hydrogen Europe in a report.
Nordic pension funds are among the investors in the first private equity fund targeting the green transition launched by Norway's largest private equity firm, which has been focusing on the offshore energy industry for more than 30 years.