Maz Plechinger

1 month ago | energywatch.com | Maz Plechinger

”Despite the efforts we have not been able to create a viable commercial model for the project in the current market conditions,” says Statkraft’s hydrogen director about the canceled deal. Two and a half years after ordering a 40MW electrolysis plant from Nel, Statkraft is now dropping the contract. The purchase order, placed in Q4 2022, had a face value of NOK 120m (USD 11.5m), which is now being removed from the electrolysis producer’s order book.

1 month ago | energywatch.com | Maz Plechinger

The Danish Energy Agency outlines four offshore wind models towards 2050, looking at both nearshore projects and offshore wind without Danish grid connection. On Friday, two seemingly contradictory scenarios were presented to Danish policymakers.

1 month ago | energywatch.com | Maz Plechinger

CEO says he is “confident of achieving targets for this year and in the medium term,” after fourth consecutive quarter with a positive net profit. But one figure is heading in the opposite direction. Nordex is off to a strong start in 2025.

1 month ago | energywatch.com | Maz Plechinger

Contracts for Difference, where the government assumes most of the risk, will secure bids for two projects in the North Sea and Hesselø, while another gigawatt will be offered next year. It will be the controversial subsidy scheme of contracts for difference (CfDs) that will avert another failed offshore wind tender. Denmark’s government decided this at a meeting of the central coordination committee on Wednesday, according to EnergyWatch. Negotiations are scheduled for Wednesday.

1 month ago | energywatch.com | Maz Plechinger

The energy utility is expanding its executive leadership team with a brand new and a virtually new executive, both of them joining Ørsted from British oil company Shell. The Group Executive Team at Ørsted is expanding again. The Danish energy company has appointed Amanda Dasch to lead commercial activities as Chief Development Officer (CDO) in the new division, Ørsted Commercial, while Godson Njoku is appointed Chief Generation Office (CGO).