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EU's chances to hit climate target have improved

The prospect of settling the EU's budget for the next seven years improves the likelihood that the EU's heads of state and government reach an agreement Thursday on reducing Europe's carbon emissions by "at least 55 percent", even though certain conditions from select countries will need to be accommodated.

The EU's heads of state and government will try to reach to agree on a CO2 reduction target for 2030 at a summit in Brussels Thursday evening. | Photo: Wolfgang Rattay/Reuters/Ritzau Scanpix
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Vattenfall drops new Danish onshore wind

Photo: Vattenfall

The Swedish power company will not build any more new onshore wind farms in Denmark and now intends to divest its current development projects totaling several hundred megawatts. The utility insists that its move is not due to many years of domestic obstacles.

Borr Drilling lost more than USD 300m amid restructuring

Investor Tor Olav Trøim startede Borr Drilling i 2016. | Photo: PR / Marine Money/Marine Money

Despite a reduced deficit in the fourth quarter, rig operator Borr Drilling exits 2020 with another deficit of more than USD 300m. The company, which recently secured approval for a rescue plan, still projects a stronger market.

GE tops record US wind market

Photo: GE Renewable Energy

According to BloombergNEF's figures, GE and runner-up Vestas took 90 percent of the US wind market last year, but the balance of power within the duopoly is reportedly more skewed than assumed.

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  1. Chevron launches green venture fund worth USD 300m
  2. Germany, US in talks on Nord Stream 2
  3. Borr Drilling lost more than USD 300m amid restructuring
  4. Aker to study CCS alongside Elkem
  5. Swedish steelmaker joins green hydrogen trend
  6. EDP sets sights on 50 renewable GW by 2030
  7. Norway's USD 1.3trn fund dumped Saudi shares, added Qatar
  8. Vattenfall drops new Danish onshore wind
  9. European Energy launches heat pump company
  10. Oil hit by wider sell-off, but still set for fourth monthly gain
  11. GE tops record US wind market
  12. Subsea 7 reports billion-dollar deficit after fresh impairments
  13. Worried Odfjell Drilling more than triples its result for the year
  14. Dof exits 2020 in massive deficit – rates too low to handle debt
  15. Centrica feels the grip of Covid-19
  16. Wintershall Dea sheds doubt on its future Danish oil operations
  17. Slitevind increased generation amid disappointing power prices
  18. Norwegian oil fund makes first divestment of companies due to tax risk
  19. Malfunction on Danish-Swedish cable
  20. Green equity funds take biggest losses

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