Announcements of cutbacks and changes in leadership this week showed the offshore industry faces "a series of headwinds." ...

CEO Mads Nipper will step down and Rasmus Errboe, current deputy CEO and CCO, will assume his position with the company.

Orsted, the world's leading offshore wind developer, appoints new CEO to navigate a challenging market with supply chain ...

Ørsted ( OTCPK:DNNGY) said Friday that CEO Mads Nipper will step down effective February 1, to be replaced by current deputy ...

Orsted Chief Executive Mads Nipper will step down to be replaced by company insider Rasmus Errboe, the Danish renewable ...

Orsted was in the fossil fuels business as "Danish Oil and Natural Gas" for much of its lifetime. It's renewable energy pivot ...

Denmark's struggling offshore wind power group Orsted said Friday it was replacing its CEO with his deputy as the sector ...

Orsted is a leader in US offshore wind and has borne the brunt of the struggle of standing up a nascent industry that has included cost overruns and cancelled or delayed projects. Learnings it has ...

Orsted sees higher costs on rates, New York wind farm delivery President Trump has moved to stifle offshore wind farms Orsted A/S shares slumped after it recorded a $1.7 billion hit on its earnings as ...

Orsted A/S took an impairment of 12.1 billion kroner ($1.7 billion) as the costs of offshore wind farms, particularly in the US, keep rising. The setback is the latest in a long series of issues for ...

Copyright 2025 The Associated Press. All Rights Reserved. A Block Island Wind Farm turbine operates, Dec. 7, 2023, off the coast of Block Island, R.I., during a tour ...

PROVIDENCE – Contract negotiations for more supplies of offshore wind to Rhode Island are continuing after the parties involved agreed to extend their talks into the spring. Rhode Island ...