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...China needs — and importantly, recognises that it needs — a quasi-offshore modern centre to diversify and deepen its financial markets and products....
...It hasn’t been all doom and gloom. The country’s first two utility-scale offshore wind projects have kicked off operation. Wind turbine makers reported improved profits last quarter....
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...“These are statements I don’t want to make....
...“The reality is we don’t have many auction rounds left to play around with. It’s incumbent on the government to recognise that we are behind where we should be and we have some catching to do.”...
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...“I will sign this into law immediately to send a message to the world: we stand with our friends, and we won’t let Iran or Russia succeed.”...
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...Ørsted last week also said it would exit offshore markets in Norway, Spain and Portugal, and slow down its development of floating offshore wind....
...“[We] don’t blink on the fact we are going to pursue this as a region,” he said, adding: “And that might not be appealing to some Conservatives, let’s say.”...
...Rival Vattenfall in July halted work on its 1.4GW Norfolk Boreas project in the North Sea, which was also among the five winning contracts, arguing it “simply didn’t make sense to continue” given a 40 per...
...“If it’s sustained at this level, they aren’t making enough money [for it] to make sense to build a new battery,” he said....
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...If you don’t want, I don’t want,’” Maduro said....
...Retail punters already have cheap access to diversified portfolios, such as index trackers, in a way they didn’t have 40 years ago....
...Sadly, the Sorrento case isn’t unique....
...“There also isn’t much acreage left for fixed-bottom. Floating will be the new era,” said Halfdan Brustad, vice-president for UK renewables at Equinor, who led the Hywind project....
...While you have noted that the challenges Ørsted faces in its US offshore wind portfolio are not unique to Ørsted, it is also important to note that such challenges are not unique to the US offshore wind...
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