Great-great-grandchildren of physicist Ørsted are suing Danish utility
"It's not in his spirit to use him in an advertisement ploy," says a descendant of the Danish physicist and chemist Hans Christian Ørsted, according to Danish media Berlingske, after the former Dong Energy took the name Ørsted last year. The utility rejects the accusations.
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.
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.