EnergyWatch

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Former Ørsted executive joins competitor

One of the absolute pioneers within US offshore wind now makes a move to a direct competitor just a few months after he left Ørsted's offshore wind company in the US. We need to be a major player in the offshore wind space, he says.

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Ørsted's tax case could take ten years

The utility still doesn't know whether other offshore wind farms will be added the Danish Tax Agency's billion-kroner tax claim, but the group is not concerned about future projects and says the agency doesn't understand the company's business. The case could end up in the Danish supreme court, says BDO chief consultant.

Major state aid will make or break Norwegian CCS

Norway wouldn't have been able to take a leading position in CCS if Oslo hadn't conceded to massive state support for the fledgling segment, says the country's state-owned CCS company, Gassnova. Further south, the Danish government says it's already given "enormous aid" to carbon capture and storage.

Slow progress on energy efficiency is a problem for the climate

The IEA reports that energy optimization efforts, a relatively cheap yet highly efficient way to cut emissions, are progressing too slowly, endangering the world's efforts to limit climate change and avoid an catastrophic rise in the average global temperature.

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Dispute between OPEC and its allies sends oil price tumbling

Oil prices slide Thursday morning on the heels of a dispute between the Organization of Petroleum Exporting Countries, OPEC, and its allies such as Russia about whether to renew the cartel's output cap, introduced at the start of the pandemic.

Danish pension firm injects major sum into solar developer

Danish institutional investor Industriens Pension and solar power developer Better Energy enter a landmark deal worth DKK 4 billion, EnergyWatch's sister media, KapitalWatch, gathers. The idea is to create another growth comet like Ørsted.

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