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Shipping and bunker group USTC sees profits slashed in half

The results of company Selfinvest, which consists of the USTC group's businesses, dropped 50 percent to DKK 201 million after taxes. "The industry is experiencing rough seas like never before," says Torben Østergaard-Nielsen about the result.

Photo: PR-foto/USTC

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German wind prices rise by one fifth

After dramatic price declines and major criticism of German onshore wind auctions, the average price saw a significant boost in the first auction since the provisional tightening of the rules for citizen projects. Solar power is thus cheaper than wind.

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