At Vestas’ annual general meeting, CEO Henrik Andersen addressed shareholders, stating that the recent drop in share price is the most painful aspect for the company. He emphasized the need for strategic focus to navigate market challenges and restore investor confidence.
In a recent interview, the CEO of Maersk Offshore Wind emphasized the company’s commitment to expansion, stating, “We won’t be a one-vessel company.” The firm aims to enhance its fleet and capabilities to meet the growing demands of the offshore wind sector.
Ørsted’s final Power-to-X (PtX) project continues to thrive, focusing on innovative solutions for renewable energy conversion. The initiative aims to enhance sustainability efforts and contribute to the global transition towards clean energy.
CIP is looking to establish a new billion-kroner fund dedicated to biogas initiatives, aiming to boost investment in renewable energy projects. This move highlights the growing emphasis on sustainable energy solutions in the face of climate challenges.
In a significant setback for the U.S. offshore wind sector, a crucial permit for a key project has been withdrawn. The decision raises concerns about the future of renewable energy initiatives, potentially delaying progress in achieving climate goals.
In a surprising turn of events, former President Donald Trump announced a pause on tariffs imposed on Mexican and Canadian goods. This decision aims to facilitate trade relations and stimulate economic recovery amid ongoing negotiations over trade agreements.
The EU Commission is pursuing a strategy to boost economic growth by slashing energy costs and reducing bureaucratic barriers. Officials believe that streamlined regulations and affordable energy supplies will attract investment and enhance competitiveness across member states.
Vestas and Siemens Energy have criticized the EU’s Corporate Sustainability Reporting Directive (CSRD), urging for a “radical” reduction in its stringent requirements. The firms argue that the current guidelines could stifle innovation and hinder progress in the renewable energy sector.
In a surprising turn of events, the Christian Democratic Union (CDU) has won the German election with its largest vote share in years, signaling a shift in the political landscape. Meanwhile, the far-right Alternative for Germany (AfD) has surged, capturing significant support.
Eidesvik Offshore forecasts positive momentum heading into 2025, despite experiencing a slowdown in docking activities. The company remains optimistic about future market conditions, citing potential recovery in demand for offshore services.