We learned a lot from the World Economic Forum in Davos in 2025
After a week-long discussion dominated by Donald Trump's return to the U.S. presidency, world leaders and business executives have left Davos in Switzerland. Israel's ceasefires against Hamas, Hezbollah and other terrorist groups sparked real regional peace talk. Friends and enemies agreed…
We learned a lot from the World Economic Forum in Davos in 2025
After a week-long discussion dominated by Donald Trump's return to the U.S. presidency, world leaders and business executives have left Davos in Switzerland. Israel's ceasefires against Hamas, Hezbollah and other terrorist groups sparked real regional peace talk. Friends and enemies agreed…
Ukraine looks for investment in Davos to recover from the recession as Trump calls for peace
While U.S. president Donald Trump called for an end to the three-year war and Ukraine's President discussed peacekeeping forces, Ukrainian officials courted private investors to help rebuild their country this week. Oleksiy Sbolev is the first deputy minister of economy. He described a $500…
Leading think tank: Wind is best for Sweden to achieve its climate goals.
A leading think-tank said that the cheapest way to help Sweden meet its projected rise in electricity demand and achieve net zero emissions by the year 2045 would be to build more wind farms onshore rather than increasing nuclear power plants. The Swedish government wants to build 10 new nuclear plants by 2045…
Spot prices plunge on rising wind supply, lower demand
The European power price dropped by a quarter on Thursday, due to a combination of increased wind production and reduced demand as compared to the previous week. As of 1006 GMT, the German baseload for Friday had fallen by 24.6% to 83 euros per Megawatt Hour (MWh). French baseload power for the day ahead was down 35.1% to 78 euros.
RODA responds to Trump EO on Offshore Wind & Permitting
The Responsible Offshore Development Alliance (RODA) extends gratitude to President Trump for his decision to temporarily withdraw all areas on the Outer Continental Shelf (OCS) from consideration for new or renewed wind energy leasing.This important move recognizes the vital role our communities…
European firms exposed as Trump targets US offshore wind
U.S. President Donald Trump in his first day of office on Monday suspended new federal offshore wind leasing pending an environmental and economic review, saying wind mills are ugly, expensive and harm wildlife.Former President Joe Biden supported the offshore wind industry, setting a target for 30 gigawatts (GW) of projects by 2030…
Orsted plunges 17% following US impairments, Trump adds uncertainty
Orsted shares fell 17% Tuesday, after the company posted an impairment charge for delays in a U.S. off-shore project. The sector is now facing uncertainty following President Donald Trump's withdrawal of government support for wind energy. Orsted announced a fourth quarter impairment charge…
Orsted shares fall 17% after US project fails, Trump's anti wind power policy hits
Orsted, the largest offshore wind developer in the world, saw its shares plummet 17% on February 2nd after it warned late on Monday about higher costs and delays for a critical U.S. offshore development. On his first day as president, Donald Trump announced that the U.S. government would no longer support wind power because windmills were ugly…
What is known about Trump's Executive Orders after the swearing-in?
Donald Trump, the U.S. president, issued a series of executive orders on Monday to stamp his mark on his administration. These included directives on immigration and criminal pardons to energy. Trump pardoned around 1,500 people on Jan. 6, 2020, who stormed into the U.S. Capitol. This was…
Trump announces end of new US wind energy leasing
Donald Trump, President of the United States, announced on Monday that windmills will no longer be supported by the government, claiming they are expensive, ugly and harmful to wildlife. Trump told an audience at a post-inauguration event that he would not be doing the wind thing. In a press release issued by the White House earlier that day…
What is known about Trump’s executive orders following his swearing-in?
Donald Trump, the U.S. president, began issuing what was expected to be an avalanche of executive orders and directions on Monday as he tried to stamp his mark on his new government on issues ranging from immigration to energy. Sources familiar with the plans say that more than 200 orders and directives may be issued in a "shock and awe" campaign.
What is known about Trump’s executive orders following his swearing-in?
Donald Trump, the U.S. president, said on Monday that he will issue what is expected be a flurry executive orders and directions as he seeks to stamp his new administration in matters ranging between energy to immigration. Sources familiar with the plans say that more than 200 orders and…
What we know about Trump’s executive orders following his swearing-in
Donald Trump, the U.S. president, said on Monday that he will issue what is expected be a flurry executive orders and directions as he seeks to stamp his new administration in matters ranging between energy and immigration. Sources familiar with the plans say that more than 200 orders and directives may be issued in a "shock and awe" campaign.
Orsted flags Sunrise Wind delays and increased costs as a $1.7 billion impairment
Orsted, the offshore wind developer, announced Monday an impairment charge in the amount of 12.1 billion Danish crowns (1.69 billion dollars) for the fourth quarter. The company cited a delay, higher costs, and a higher U.S. finance cost, due to its Sunrise Wind Project. The company stated…
Spot prices drop on higher expected wind generation
The European power prices for the next day were lower than on Monday, as a result of a slight decline in wind energy supply. This was partially offset by an increase in electricity demand. LSEG data shows that the price of German baseload electricity for Tuesday at 0933 GMT was 169.75 Euros per Megawatt Hour (MWh), down 2% compared to Friday's Monday price.
Australian Government pledges $1.24 Billion in Green Aluminium Push
Australia's Labor Government pledged A$2 Billion ($1.24 Billion) in production credits on Monday to support the four Australian aluminium smelters to switch to renewable energy before 2036. Aluminum is one of non-ferrous metals that is the most polluting to produce, since its production is mainly powered by coal.
If elected, German opposition leader promises to build 50 gas-fired energy plants
The t-online newspaper reported that the opposition leader Friedrich Merz has pledged to build 50 gas-fired plants if the conservatives win in the snap elections on February 23. In November, Germany's gas-fired electricity output jumped a record 79% from the previous month as utilities scrambled…
Portugal is keen to create an offshore wind cluster that could reach up to 10 gigawatts
Portugal's Government said on Friday that it is keen to create a cluster wind farms off the coast of its Atlantic Ocean. The total power of these wind farms could reach around 10 gigawatts. Lisbon approved last week four areas where offshore wind farms could be installed. This is a big step…
Brazil's wind energy sector will slow in 2024 and then resume growth in 2027
The Brazilian wind energy sector is expected to continue declining until 2027, according to the local association ABEEolica. In recent years, Brazil's renewable power supply has soared thanks to government subsidies and incentives. However, demand for the power did not grow as fast and there is an oversupply in the wind energy sector…
