New report predicts offshore wind prices will drop 71 percent

From now and until 2040, the world will spend around USD 10 trillion on new energy, according to Bloomberg NEF, adding that more than two thirds will be spent on renewables. Batteries and natural gas will pave the way for the green transition.

Photo: Dong Energy

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Ørsted views zero-subsidy bid as a lottery ticket

Monday night, Vattenfall won the rights to install two Dutch offshore wind projects, and the business model for these projects seems to indicate that the firm is stumbling in the dark, says Ørsted's Wind Power CEO.

German grid operator responds to EU Commission's new investigation

After EU Competitions Commissioner, Margrethe Vestager, declared that her team will be investigating whether Germany's Tennet limits electricity access from Denmark in violation of EU regulations, the grid operator has now stated that it will let more power flow across the border.

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