Also this week, two vessels are due in the waters off shore at Smith Point as crews begin horizontal drilling under the beach ...

Finance chief confirmed Danish developer plans to sell off stake this year in UK Hornsea 3 array, one of the world’s largest ...

Danish offshore wind power giant Orsted said Thursday it would downsize investments as it reported a small net profit for ...

The statement noted Sunrise Wind and Empire Wind are already ... who helped develop the nation’s first offshore wind farm for LIPA. "I think it will take longer for the rest of the pipeline ...

The suspension of offshore wind leasing by incoming US President Donald Trump has significantly impacted European wind power companies. On the first day of his second term in office, Trump halted new ...

Danish offshore wind giant Orsted faced a fresh stock market hammering on Tuesday after the group announced a new billion-dollar impairment charge on the same day its foe Donald Trump ascended to the ...

The financial hit stems from a variety of issues including rising interest rates and higher costs to deliver its Sunrise ... wind. The company constructed the world’s first offshore wind farm ...

A delay and higher costs for Orsted's Sunrise Wind project, which once completed is expected to be the largest U.S. offshore wind farm, were the main reason for the share price plunge, analysts said.

Analysts said the delay and higher costs for Orsted's Sunrise Wind project were the ... a strong enough market in the U.S. for offshore wind farms. Other European utility companies, including ...