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In addition, rising prices for raw materials and components as well as regulatory delays have caused writedowns and losses across the wind industry despite robust demand for renewable technology. Turbine makers have been particularly hit. "You see the terms and conditions of the projects being too difficult for investors and project developers to take. So we are in a standstill," said Danny van Doesburg, senior portfolio manager at Dutch APG Asset Management, which according to LSEG data owns stakes in Vestas, Orsted and Siemens Energy. ....
Danish energy company Orsted, the global leader in offshore wind, has radically rolled back its plans for expansion. The company has cut its 2030 deve. ....
Wind Power Giants Siemens Energy, Orsted, and Vestas Reveal Turbulent Times Ahead greentechlead.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from greentechlead.com Daily Mail and Mail on Sunday newspapers.
Offshore wind firm Orsted cuts investment, capacity targets after review devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.