The power utility's North Sea offshore wind turbines are in line to supply electricity to a green hydrogen project sited at a Northern German refinery. Initially, the facility will have 50 MW in H2 production capacity.
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.