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Orsted's $500m cable headache, Big Oil's green case, and America's grid challenge


30 April 2021 15:33 GMT
Updated 
30 April 2021 15:56 GMT
A massive bill for cable repairs, entry to new markets, plans to join the floating wind party, and a place on a Time magazine list of corporate high-flyers – not exactly a dull week at Orsted.
The global offshore wind market-leader took the industry by surprise when it revealed that cable-related damage at a number of its operating projects including at the UK’s Race Bank could ending up costing almost $500m – although the Dane insisted current developments underway won’t be affected.
The cable issue dominated discussion of Orsted’s first-quarter results, which showed a 52% fall on one-off factors, but there was plenty else to chew on from the Danish group. ....

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US demonstrators rally nationwide against anti-Asian violence


published :
28 Mar 2021 at 07:45
2
People listen to speakers as they participate in an Anti Asian Hate rally in Chinatown in Washington, DC on March 27, 2021
NEW YORK - Hundreds of demonstrators gathered in New York s Queens borough Saturday to demand an end to anti-Asian violence, part of a national day of action following deadly mass shootings at Asian-owned spas in Atlanta.
Organizers held rallies in some 60 US cities including the Georgia metropolis along with San Francisco, Los Angeles, Chicago, Detroit and Portland.
We re one year into this pandemic and anti-Asian violence has only intensified, said Judi Chang, a representative of the anti-war, anti-racism ANSWER coalition behind the demonstrations. ....

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