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Shell's US executive says Trump's halting of wind projects harms investment, FT reports
Reuters· 2025-10-05 09:51
Core Viewpoint - The Trump administration's decision to halt fully permitted offshore wind energy projects is considered "very damaging" to investment according to Shell U.S. President Colette Hirstius [1] Group 1 - The halt on offshore wind energy projects could negatively impact investment in the renewable energy sector [1] - Shell U.S. emphasizes the importance of offshore wind energy for future energy strategies [1]
Offshore wind giant Orsted gets green light for survival plan after Trump blocks project
CNBC· 2025-09-05 09:15
Group 1 - Orsted received shareholder approval for a $9.4 billion rights issue amid a profit warning and operational challenges [1][3] - The rights issue, amounting to 60 billion Danish krone, was approved at an extraordinary general meeting [3] - The company cut its full-year operating profit outlook due to lower-than-normal offshore wind speeds in July and August [3] Group 2 - Orsted's shares have fallen nearly 90% from their peak in 2021, hitting a record low following U.S. political pressures [2][3] - The White House's order to halt work on a nearly complete wind farm has contributed to the company's turmoil [2]
Northland Power Showcases Progress in 2024 Sustainability Report
Globenewswire· 2025-04-22 11:00
Core Insights - Northland Power Inc. released its 2024 Sustainability Report titled 'Powering Possibility', showcasing key sustainability achievements over the past year [1][2] Company Overview - Northland Power is a Canada-based global power producer focused on accelerating the global energy transition, with a history of developing and operating a diversified mix of energy infrastructure assets [5][6] - The company has a gross operating generating capacity of 3.2 GW, with 2.4 GW under construction and approximately 10 GW of potential capacity in early to mid-stage development [6] Sustainability Achievements - In 2024, Northland generated 11,046 GWh of electricity globally, supported by 2.5 GW of gross renewable energy capacity [7] - The company achieved a 30% reduction in GHG emissions intensity since 2019 [7] - Northland advanced 2.4 GW of renewable projects under construction, contributing to emissions targets and local decarbonization efforts [7] - The company maintained strong sustainability ratings across major agencies and strengthened health and safety initiatives company-wide [7] - A digital due diligence platform was launched to enhance engagement with global suppliers [7] Project Highlights - Key milestones were reached on major projects including Hai Long (1.0 GW), Baltic Power (1.1 GW), and Oneida (250 MW), driving the global energy transition [2]