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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
TORONTO, April 22, 2025 (GLOBE NEWSWIRE) -- Northland Power Inc. ("Northland" or the "Company") (TSX: NPI) today released its 2024 Sustainability Report, 'Powering Possibility', highlighting the Company's key sustainability achievements over the past year. "Our commitment to people, communities, and the planet is at the heart of everything we do," said Christine Healy, President and CEO. "This report not only highlights the measurable progress we've made toward our sustainability goals, but also the core va ...