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Business · DenmarkOrsted A/S will offer new shares at a heavy discount as the offshore wind developer pushes ahead with a $9.4 billion rights offering to shore up its finances after a bet on the US market went wrong.See the Story
Orsted to Sell Shares at 67% Discount in $9.4 Billion Raise
57% Right coverage: 7 sources

Renewable Energy · VictoriaThe Australian state of Victoria said on Tuesday it would delay its first offshore wind auction amid challenging investment climate in the sector, in another blow to Australia’s offshore wind ambitions. The offshore wind auction in Gippsland, initially slated to be held this month, will be delayed until at least by the end of 2025, by which time the Victoria government would unveil a new timeline. “As the global market for offshore wind invest…See the Story
Global Headwinds Hit Australian Wind Energy
34% Center coverage: 3 sources

Wind Power · NetherlandsThe governments of both Germany and the Netherlands are examining how they structure renewable energy subsidies, looking to spur the industry while managing costs for the end users. Both countries faced disappointments earlier this year when planned auctions for offshore wind failed to generate interest, and they have been working on new plans for their industries. “In various parts of the world and in Europe, the sector is struggling with risin…See the Story
Germany and the Netherlands to Overhaul Subsidies for Renewable Energy
100% Center coverage: 1 sources