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Danish offshore wind developer Orsted secured shareholder approval for a $9.4 billion emergency rights issue aimed at staving off a crippling credit downgrade as the Trump administration targets its US projects

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Orsted will abandon a major offshore wind farm project in Britain. The Danish company said canceling Hornsea 4 would cost it up to $837.85 million
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Orsted will abandon a major offshore wind farm project in Britain. The Danish company said canceling Hornsea 4 would cost it up to $837.85 million

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45,617 views • 1 year ago

The UK bet its energy future on offshore wind. Massive projects like Hornsey and Dogger Bank were sold as the backbone of net zero. Billions were spent in subsidies, but the industry has just hit a wall. In the latest government auction, there wasn't a single developer bid. Turbine and maintenance costs went up, but subsidies didn't. Developers ran the numbers. The projects were unprofitable. Major offshore plans were cancelled or delayed, with companies like Orsted writing off billions in losses. Britain's cheap wind promise collapsed the moment it met real-world economics. Offshore wind is an expensive disaster.
0:37

The UK bet its energy future on offshore wind. Massive projects like Hornsey and Dogger Bank were sold as the backbone of net zero. Billions were spent in subsidies, but the industry has just hit a wall. In the latest government auction, there wasn't a single developer bid. Turbine and maintenance costs went up, but subsidies didn't. Developers ran the numbers. The projects were unprofitable. Major offshore plans were cancelled or delayed, with companies like Orsted writing off billions in losses. Britain's cheap wind promise collapsed the moment it met real-world economics. Offshore wind is an expensive disaster.

Electroverse

50,048 views • 5 months ago

Renewable energy developer Orsted won a $680 million investment from JPMorgan for two of its energy projects, including Eleven Mile Solar near Coolidge, Arizona. CNBC’s Pippa Stevens gives us an inside look.
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Renewable energy developer Orsted won a $680 million investment from JPMorgan for two of its energy projects, including Eleven Mile Solar near Coolidge, Arizona. CNBC’s Pippa Stevens gives us an inside look.

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16,198 views • 2 years ago

Nippon Steel plans to invest $14 billion in US Steel's operations, including up to $4 billion in a new steel mill, if the Trump administration green lights its bid for the iconic US company, according to a document and three people familiar with the matter
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Nippon Steel plans to invest $14 billion in US Steel's operations, including up to $4 billion in a new steel mill, if the Trump administration green lights its bid for the iconic US company, according to a document and three people familiar with the matter

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A large buildup of US naval forces in and around the Southern Caribbean has officials in Caracas and experts in the US asking: is the move aimed at combating drug cartels, as the Trump administration has suggested, or is it for something else
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A large buildup of US naval forces in and around the Southern Caribbean has officials in Caracas and experts in the US asking: is the move aimed at combating drug cartels, as the Trump administration has suggested, or is it for something else

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The Trump administration ended US duty-free access for low-value shipments from China and Hong Kong in a move aimed at tackling fentanyl shipments to the US, and small business owners like as watchmaker Quinn Lai have found themselves in the crosshairs
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The Trump administration ended US duty-free access for low-value shipments from China and Hong Kong in a move aimed at tackling fentanyl shipments to the US, and small business owners like as watchmaker Quinn Lai have found themselves in the crosshairs

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Going offshore in Ireland! 🇮🇪 We’ve just teamed up with ESB Group, Ireland’s leading utility, in a landmark deal to jointly develop an offshore wind portfolio off the Irish coast. More here 👉
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Going offshore in Ireland! 🇮🇪 We’ve just teamed up with ESB Group, Ireland’s leading utility, in a landmark deal to jointly develop an offshore wind portfolio off the Irish coast. More here 👉

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11,531 views • 3 years ago

🚨 BREAKING: Interior Sec. Doug Burgum is now HALTING offshore wind projects over national security concerns These huge wind farms create “radar interference, a genuine risk for the US!” Good! President Trump is cracking down on wind big time 🔥
0:42

🚨 BREAKING: Interior Sec. Doug Burgum is now HALTING offshore wind projects over national security concerns These huge wind farms create “radar interference, a genuine risk for the US!” Good! President Trump is cracking down on wind big time 🔥

Eric Daugherty

138,990 views • 6 months ago

🌊 A wind farm off the coast of south China’s Hainan: ⚡ 1.5+ billion kWh/year at full capacity. 💨 Riding the wind – China’s offshore tech keeps breaking limits.
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🌊 A wind farm off the coast of south China’s Hainan: ⚡ 1.5+ billion kWh/year at full capacity. 💨 Riding the wind – China’s offshore tech keeps breaking limits.

Mao Ning 毛宁

30,970 views • 2 months ago

Energy costs are already too high — that’s why I filed a bill to save people $13 billion on their energy bills. The last thing we need the Trump Administration blocking offshore wind projects already powering Massachusetts homes and businesses. It doesn’t make any sense.
0:31

Energy costs are already too high — that’s why I filed a bill to save people $13 billion on their energy bills. The last thing we need the Trump Administration blocking offshore wind projects already powering Massachusetts homes and businesses. It doesn’t make any sense.

Governor Maura Healey

51,217 views • 6 months ago

🚨 Breaking news: Trump just killed the largest offshore wind project in New York. The decision to revoke approval for Empire Wind 1 is a slap in the face to New Yorkers. This administration is blocking affordable energy, resilient infrastructure, and jobs that support families.
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🚨 Breaking news: Trump just killed the largest offshore wind project in New York. The decision to revoke approval for Empire Wind 1 is a slap in the face to New Yorkers. This administration is blocking affordable energy, resilient infrastructure, and jobs that support families.

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11,331 views • 1 year ago

South Korean President Lee Jae Myung toured a shipyard owned by Hanwha Group following a summit with President Trump, underscoring Seoul's commitment to a $150 billion investment aimed at revitalizing the US shipbuilding industry
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South Korean President Lee Jae Myung toured a shipyard owned by Hanwha Group following a summit with President Trump, underscoring Seoul's commitment to a $150 billion investment aimed at revitalizing the US shipbuilding industry

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22,622 views • 10 months ago

Britain, Germany, Denmark and other European countries signed a clean-energy pact at a summit in Hamburg, pledging to deliver 100 gigawatts of offshore wind power through large-scale joint projects
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Britain, Germany, Denmark and other European countries signed a clean-energy pact at a summit in Hamburg, pledging to deliver 100 gigawatts of offshore wind power through large-scale joint projects

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The $8.4 billion merger between Paramount and Skydance won approval from US regulators, clearing the way for a sale that evolved into a clash over press freedom in the era of President Trump
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The $8.4 billion merger between Paramount and Skydance won approval from US regulators, clearing the way for a sale that evolved into a clash over press freedom in the era of President Trump

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15,728 views • 11 months ago

NEWS: Court docs reveal Trump Admin intends to pull federal approval for MD's offshore wind project. I just spoke with Rep. Andy Harris, MD who has long been a critic of the project. "Congratulations to the Trump Administration for talking about pulling those permits," he says.
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NEWS: Court docs reveal Trump Admin intends to pull federal approval for MD's offshore wind project. I just spoke with Rep. Andy Harris, MD who has long been a critic of the project. "Congratulations to the Trump Administration for talking about pulling those permits," he says.

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