Ørsted denies pressuring subcontractor into bankruptcy

A bankruptcy filing at a Polish supplier to one of Ørsted's offshore wind farms was not caused by the Danish wind developer's tough price negotiations, says CEO Henrik Poulsen after the subcontractor is now back on its feet.

Ørsted's power plants slammed by "unfavorable market conditions"

Despite far greater production and revenue in Ørsted's power plant division, the unit only barely improved the operating result. The thorn in the side of Ørsted is ironically the electricity market, where the wind division is drastically expanding these years.

Ørsted upgrades after British divestment

The company formerly known as Dong Energy has just divested 50 percent of the offshore wind farm Walney Extension, and now projects that 2017 will be better than previously estimated.

British investment firm buys Danish utility

After growing into a lucrative business in just a few years, Blue Energy has now been acquired by a UK investment firm. The new owner is considering extending the Blue Energy's concept beyond its Danish homeland.

"Golf" will save Vattenfall SEK 2 billion

Revenue declined by close to a tenth in the third quarter at Swedish utility Vattenfall, which nevertheless maintained a profit. The wind business was hit by power cuts and cable errors.

Earnings skyrocket at Total

French oil major Total is enjoying the impact of recent years of cost reductions as well as a stabilized oil price. The profit grew 29 percent.

CHP dives into Danish electricity market with new tactic

A new association of Danish combined heat and power (CHP) stations will protect electricity customers from high energy prices with a whole new market mechanism, about to be launched. This will bring CHP owners new income and mean that more energy used in Denmark will also be made in Denmark.

Low prices on solar and wind cost Statkraft huge sums

On paper, the third quarter 2017 was a strong period for Norway's Statkraft. But behind the net result of almost NOK 2 billion, there are huge losses from a venture in Chile. Solar and wind simply beat hydropower in the South American country.

Suppliers grow orders in weak shipping market

Though most shipping sectors remain strained, equipment suppliers Wärtsilä and Alfa Laval were able to grow their order backlogs in the third quarter, show interim reports published Wednesday.

Latest News


See all

See all