14 h. ago Offshore wind developer Orsted to cut around a quarter of its workforce by the end of 2027

The Danish firm said it was axing about 2,000 roles out of its 8,000-strong workforce, with plans to make around 500 staff redundant by the end of the year.

Politics

18 h. ago One of world’s biggest wind farm developers to cut quarter of workforce

Ørsted plans to shrink company after Trump administration causes share price to plunge to all-time lowOne of the world’s biggest windfarm developers will cut its workforce by a quarter in the next two years after a series of setbacks for the industry.Danish wind giant Ørsted plans to remove about 2,000 positions from its 8,000-strong workforce by the end of 2027 through a combination of redundancies, natural attrition and selling off parts of its business. Continue reading...

Politics

18 h. ago One of world’s biggest windfarm developers to cut quarter of workforce

Ørsted plans to shrink company after Trump administration causes share price to plunge to all-time lowOne of the world’s biggest windfarm developers will cut its workforce by a quarter in the next two years after a series of setbacks for the industry.Danish wind giant Ørsted plans to remove about 2,000 positions from its 8,000-strong workforce by the end of 2027 through a combination of redundancies, natural attrition and selling off parts of its business. Continue reading...

Politics

6 d. ago Scotland 'squandering' profits made by offshore wind farms as foreign developers cash

EXCLUSIVE: Only four of the 29 parent companies involved in ScotWind are headquartered in the UK.

Economics

1 week ago Mark Drakeford calls for creation of fund so Wales can benefit from Crown Estate wealth

After the UK Government said no to devolving the crown estate, the former First Minister has backed the creation of a fund which could see Welsh people profit from offshore wind

Economics

2 w. ago How Trump’s assault on US wind industry threatens jobs and power for nearly 5m homes

US president’s offshore wind crackdown targets nine projects, threatening jobs, homes and the clean energy transitionDonald Trump has jettisoned Republicans’ long-standing “all of the above” approach to energy by using the US government to aggressively stamp out clean energy projects – particularly offshore wind turbines.The scale of the intervention is remarkable – a total of nine already permitted offshore wind projects that were set to provide electricity to nearly 5m households and create around 9,000 jobs in the US are under investigation or have already been paused by the Trump administration. Continue reading...

Events

2 w. ago Trump’s Fed pick doubles down on calls to aggressively cut interest rates

Stephen Miran says rates should be below 3% by end of year and dismisses fears of US president’s tariffs stoking inflationStephen Miran, Donald Trump’s new appointee on the Federal Reserve’s interest-rate-setting board, has doubled down on his calls for the central bank to more aggressively cut interest rates.Last week, the Fed cut interest rates by a quarter point, bringing rates down to a range of 4% to 4.25% – the lowest it’s been since early 2023. Out of 12 voting board members, Miran was the only one to vote against the crowd. He wanted a half-point cut, not a quarter-point cut. Continue reading...

Politics

2 w. ago Federal judge lifts Trump administration's halt of offshore wind farm project that's nearly complete

A federal judge ruled Monday that a nearly complete offshore wind project halted by the administration can resume, dealing President Donald Trump a setback in his ongoing effort to restrict the U.S. offshore wind industry

Politics

2 w. ago Trump administration moves to revoke permit for Massachusetts offshore wind project

The Trump administration has moved to block a Massachusetts offshore wind farm, its latest effort to hobble an industry and technology that President Donald Trump has attacked as “ugly” and unreliable compared to fossil fuels such as coal and natural gas

Politics

4 w. ago Offshore wind was touted as a key part of Australia’s energy transition – but does it still have a future?

Plans to have first turbines spinning by 2032 look increasingly unlikely as investors back out of multiple projects – but proponents say benefits will flow once industry establishedSign up for climate and environment editor Adam Morton’s free Clear Air newsletter hereFor many Australians, the scale of offshore wind projects can be hard to fathom. These powerful machines, designed to harness the strong and consistent winds blowing over the ocean, are colossal, with blade tips reaching up to 350m – higher than our tallest skyscrapers.If everything falls into place, Australia’s first offshore wind project could have turbines in the water before 2032.Sign up to get climate and environment editor Adam Morton’s Clear Air column as a free newsletter Continue reading...

Science