TSLA - Ørsted Big Wind Change Coming: Energy Won't Just Mean Oil And Gas Soon
- The global pipeline for offshore wind almost doubled last year to 846GW; Ørsted is the world’s largest offshore wind developer.
- Due to the Russian invasion, Ørsted believes 30GW additional European offshore wind is possible by 2030 (60GW by 2035), but it will require reorientation from cost reduction to accelerated build-out.
- The above proposal would increase European offshore wind at a time when it is already on a major growth path. There should be news about this within 18 months.
- While the wind industry is challenged by obsessive cost-cutting, the Q1 2022 presentation from Ørsted foreshadows possible big changes in the near term.
- This is a good time to have a look at Ørsted.
For further details see:
Ørsted, Big Wind, Change Coming: Energy Won't Just Mean Oil And Gas Soon