The US warns that Russia can use the gas pipeline to pressure Europe. Ongoing pipe-laying in Danish waters is expected to finish in April.

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.

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.

The Portuguese power company plans to quit coal within the next four years, and the group's portfolio will exclusively feature renewable energy by the end of this decade.