Ørsted expects significant growth in offshore wind in Europe
Ørsted projects significant growth in the market for offshore wind in Europe in the coming years, and the utility has established an office in Sweden, while also considering entering Belgium. "We expect to be active in the North Sea as well as the Baltic Sea going forward," says Ørsted head of region.
BY RITZAU FINANS
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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.