Tag: Renewable energy

EnergyEnergy Policy

Danish Wind Giant Orsted Scales Back Amid Industry Downturn and US Policy Shifts

Denmark’s Orsted, a global leader in offshore wind development, is cutting 25% of its workforce and scaling back ambitions amid industry-wide challenges. The company’s retreat reflects broader pressures including rising construction costs and policy uncertainty under the Trump administration.

Industry Leader Faces Significant Setbacks

Danish renewable energy giant Orsted is implementing dramatic cutbacks, with sources indicating the company will eliminate 2,000 positions over the next two years. According to reports, this represents approximately 25% of the company’s global workforce and signals a major strategic shift for the once-dominant offshore wind developer.

by Natalie Brooks
Energy PolicySustainability

Europe Faces Green Energy Crossroads: China’s Dominance vs. Domestic Supply Chain Revival

Europe faces a pivotal energy dilemma as Chinese manufacturers supply over 90% of global solar panels while dominating wind turbine production. The EU must choose between rapid decarbonization using affordable Chinese technology or rebuilding its own green industrial base despite higher costs and slower implementation timelines.

China’s Green Technology Dominance

Europe faces a critical energy crossroads as renewable energy adoption accelerates globally, with reports indicating China currently supplies 92% of the world’s solar photovoltaic panels and 82% of wind turbines. According to industry analysis, no European firms rank among the top ten solar PV producers globally, while only one European company, Vestas, appears in the wind turbine manufacturing top ten. This market concentration raises fundamental questions about whether Europe should prioritize rebuilding its domestic supply chain or continue relying on established Chinese suppliers for its decarbonization goals.

by Darren Holt