Denmark buys $9 billion worth of air defence systems amid growing tensions with Russia
Denmark will buy air defence systems made in Europe for 58 billion Danish crowns (9.11 billion dollars), making it its largest ever arms purchase. The country's Defence Minister said this on Friday. He cited a difficult security situation. In February, the Danish Prime Minister Mette Fredericksen ordered that military equipment be purchased in anticipation of a possible future Russian invasion in Europe. Denmark is planning to purchase eight systems. These include the Eurosam SAMP/T long-range platform, which was developed by MBDA France and MBDA Italy, along with Thales. They also plan to buy medium-range systems from Norway, Germany, or France.
Draft shows that EU countries are trying to limit the ways in which Russian gas can be circumvented by EU countries.
A draft of the latest negotiation proposal for the rules seen by revealed that the European Union is trying to block any way Russian gas can still enter Europe after the phase-out. The European Commission proposed legislation in June to phase out EU oil and gas imports from Russia by January 1, 2028. This is because Brussels wants to end its decades-old relationship with Russia after its invasion of Ukraine in 2022. The EU is negotiating these plans and considering proposals that would make it more difficult for companies to "transit" Russian gas through Russia, after having been produced in another country.
Document shows EU wants proof of Russian gas origin in order to enforce Russian ban
A document obtained by revealed that European Union countries may impose stricter requirements for companies to prove the source of gas imported as part the bloc's plan phase out Russian imports. Last month, the European Commission proposed legislation that would phase out EU imports from Russia by January 1, 2028. This is part of a plan to end decades of energy relations between Russia and Brussels following Russia's 2022 invasion in Ukraine. It is notoriously hard to prove where the gas that may be mixed in transit originates.
New England officials claim that the US's decision to halt a wind project is a mystery.
Business and government leaders in New England claimed that the Trump administration's decision to stop work on a nearly finished wind farm near the coast of Rhode Island is a threat to grid reliability and jobs, and it defies any explanation. Connecticut and Rhode Island state leaders demanded information from the Trump administration on why the order was issued late Friday to stop work on the Revolution Wind project. The Bureau of Ocean Energy Management, in its letter to Orsted project developer, cited concerns about national security that were not specified. They say that there are national interests at stake.
Orsted Shares Drop as US Halts Offshore Rhode Island Wind Farm
Shares in Orsted plunged 17% on Monday after the U.S. halted the Danish company's Revolution Wind project off Rhode Island amid President Donald Trump's pushback on renewable energy investments.Orsted, the world's biggest offshore wind farm developer, has already faced mounting challenges, including rising costs, higher interest rates, and supply chain disruptions, leading to delays and cancellations in the U.S. and other markets. The company's market value has plummeted 87% since its January 2021 peak.The U.S. Bureau of Ocean Energy Management (BOEM) issued a work-stop order late on Friday for the $1.5 billion Revolution Wind project…
Nippon Steel to Supply Material for Vestas Wind Towers
Nippon Steel signed a cooperation memorandum with Denmark's wind turbine maker Vestas Wind Systems on Wednesday to supply steel for Vestas' wind towers for European, Asian and Japanese markets, Japan's industry ministry said.The agreement was part of a broader push by Japan's Ministry of Economy, Trade and Industry (METI) to strengthen the supply chain for wind generation in the country where renewables are key to reducing import costs and dependency on fossil fuels.Offshore wind is a pillar of Japan's renewable energy strategy…
Lindsey Oil Refinery, UK insolvency proceedings
The government's insolvency services announced on Monday that Britain's Lindsey refinery had begun insolvency procedures, raising the possibility of it closing weeks after Grangemouth stopped processing oil. According to the U.S. Energy Information Administration (EIA), Lindsey, one of Britain's six remaining oil refineries, is set to close, increasing Britain's dependence on fuel imports. According to its website, Prax has a capacity of 113,000 barrels a day. The government placed Prax Storage Lindsey and Prax Terminals Killingholme under judicial winding up orders.
Denmark warns EU not to stop green transition
The climate minister of Denmark said that European nations must not stop the green transition on the continent. His country is preparing to lead EU negotations over a new climate goal amid backlash from governments worried about its costs. Next week, the European Commission will propose a new climate target for 2040 that will reduce EU emissions by 90 percent compared to 1990 levels. However, countries such as Poland and France are concerned that this goal is too ambitious. Lars Aagaard is the energy and climate minister of Denmark.
Japan is poised to amend offshore wind regulations as players get coldfeet
Insiders in the industry say that Japan will likely sweeten its terms to developers who want to build an offshore wind farm. The country is looking to re-establish its energy ambitions against a global slump of projects that have been hit by rising costs and delays. By 2040, the government wants to reach 45 gigawatts in offshore wind power, which will reduce its dependence on coal and gas imports for electricity generation, as well as its carbon emissions, and strengthen national security. Its plans have stagnated after three rounds of major auctions for capacity development.
Japan is poised to amend offshore wind regulations as players get coldfeet
Insiders in the industry say that Japan will likely sweeten its terms to developers who want to build an offshore wind farm. The country is looking to re-establish its energy ambitions against a global slump of projects that have been hit by rising costs and delays. By 2040, the government wants to reach 45 gigawatts in offshore wind power, which will reduce its dependence on coal and gas imports for electricity generation, as well as its carbon emissions, and strengthen national security. Its plans have stagnated after three rounds of major auctions for capacity development.
Denmark Plans Offshore Wind Tender With Up to $8.3 Billion Subsidy
Denmark will launch offshore wind tenders with a capacity of three gigawatt (GW), enough to power three million homes, its energy ministry said on Monday, offering subsidies to developers of up to 55.2 billion Danish crowns ($8.32 billion).The three tenders will open in the autumn this year and cover two areas in the Danish North Sea and one in the waters separating Denmark from Sweden.Two tenders will close in spring 2026 and one in the autumn of 2027, with completion expected by 2032 and 2033 respectively.The offshore wind industry has grappled with skyrocketing costs, higher interest rates and supply chain bottlenecks, prompting governments to halt
Denmark Plans to Offer Up to $8.3 Billion in Subsidies for Offshore Wind
Denmark's energy ministry announced on Monday that it will offer offshore wind tenders for a maximum of 3 gigawatts (GW), which is enough to power up to three million homes. The subsidies offered to developers could reach as much as $55.2 billion Danish crowns (8.32 billion dollars). Three tenders are scheduled to open this autumn, covering two areas of the Danish North Sea as well as one area in the waters between Denmark and Sweden. The two tenders are expected to close in spring 2026, and the other in autumn 2027. Both will be completed by 2032 or 2033.
Minister: Denmark may lift 40-year-old ban on nuclear energy
Denmark may lift a ban on nuclear energy that dates back 40 years to improve its energy security. This is a major policy shift for a country which has prioritized expanding wind and solar energy. Lars Aagaard, the Minister of Climate, Energy and Utilities, said that the Danish government would analyse potential benefits from new nuclear technologies, and a report is expected to be completed next year. Denmark has not had much experience with nuclear energy, so it's important to start analyzing the potential. "Can this technology complement the dominant technologies in our country, solar and wind power?," he asked.
Minister: Denmark may lift 40-year-old ban on nuclear energy
Denmark may lift a ban on nuclear energy that dates back 40 years to improve its energy security. This is a major policy shift for a country which has prioritized expanding wind and solar energy. In an interview with Danish newspaper Politiken published late Tuesday, Lars Aagaard, the Minister of Climate, Energy and Utilities, said that the Danish government would analyse potential benefits from new nuclear technologies. A report is expected to be completed next year. But it is not enough to say that they are capable. "We also need to understand what these technologies mean for the Danish society," he said.
World's First Commercial-Scale E-Methanol Plant Opens in Denmark
The world's first commercial-scale e-methanol plant began operations in Denmark on Tuesday, with shipping giant Maersk set to buy part of the production as a low-emission fuel for its fleet of container ships.The shipping sector is under pressure to find new sources of fuel after a majority of countries gave their backing to measures to help meet the International Maritime Organization's targets towards eliminating carbon emissions by 2050.So far zero-emission shipping fuels, such as green ammonia and e-methanol, which are produced using renewable energy…
Vestas: US Import tariffs Will Raise Domestic Electricity Prices
President Donald Trump's import tariffs will ultimately result in higher electricity prices for U.S. consumers, wind turbine maker Vestas warned on Tuesday, adding it could not absorb the extra costs.Wind turbines include components and materials sourced globally, making the sector vulnerable to potential impacts from international trade tariffs."Ultimately, the tariffs will go in and be part of an increased cost to the projects and therefore it will lead to an increased price in electricity," Vestas CEO Henrik Andersen told Reuters.Denmark's Vestas…
Hydro signs billion-euro contract to supply NKT low-carbon aluminum for EU grid
Hydro, a Norwegian company, announced on Tuesday that it had signed a contract to supply NKT in Denmark with low-carbon aluminum wire rod for the production and upgrade of Europe's grid infrastructure. The European Union published in 2023 a plan to improve the efficiency of their electricity grids, and to roll out upgrades rapidly to help facilitate the energy shift. Hydro announced last month that it would invest 1.65 billion crowns ($159.3 millions) in a new facility to increase its aluminum capacity at its Karmoy smelter, located in Norway. The plant will start producing in 2028.
Report: France will only be able to produce 3 GW of offshore power by 2032
A report from the Institute for Energy Economics and Financial Analysis warned that France could have only 3 gigawatts installed offshore wind power by 2032, due to complex licensing, legal issues and local opposition. The report recommended France streamline its licensing process, reduce the time frame for legal challenges, reform the market regulations, and create a phase-down nuclear plan to encourage more rapid development. France's stated goal is to develop 18 GW in offshore wind energy by 2035. If current delays continue, it will only be a sixth away from that target by the year 2032.
Norway will now focus on floating offshore wind turbines instead of the new bottom-fixed tender
Norway said that it will not be offering acreage for the development of bottom-fixed offshore farms when it announces its next tenders. Instead, it will focus on floating wind power options. The government has previously stated that it will offer new areas along the North Sea, bordering Denmark, suitable for installing turbines on seabeds. These areas may also be connected to other countries through hybrid cables. Terje Aasland, Energy Minister Terje's statement said: "We do not believe it is the right time to plan hybrid cables at this point in time." He cited high costs and the absence of a European framework on hybrid connections.
Equinor reduces renewable energy targets due to industry headwinds
Equinor, a Norwegian energy company, has announced that it will reduce its ambitious targets for developing renewable energy by 2030. This is the latest European energy firm to lower green goals as the renewables market dries up. Equinor has followed in the footsteps of BP and Shell who have cut back on plans to expand renewable energy. This includes offshore wind where they had hoped to use their oil and gas experience at sea to help them. Investors' patience has been tested by the offshore wind industry, which has faced a number of challenges, including rising interest rates, inflation in costs, supply bottlenecks and regulatory changes.