Lawsuit could sink Siemens Gamesa's US offshore wind fleet
The litigation is a ploy in GE's systematic attempt to make its rival's hardware more expensive or knock them completely out of the market, says analyst firm about the US OEM's use of an inherited weapon from the 1980s that could send a major bill to Siemens Gamesa.
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.
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.