Many European energy companies are investing in offshore wind
Low wind speeds mar offshore wind profits
Below-normal speeds slashed wind power generation in Europe in Q3, highlighting the risks faced by operators in the region
Seasonal variations in wind speeds have dampened results for European energy companies’ offshore wind segments. Denmark’s Orsted, Sweden’s Vattenfall and Germany’s RWE all noted low wind speeds as a factor offsetting additional revenue from new capacity installed in the first nine months or third quarter of 2021. Orsted’s offshore power generation fell by 28pc year-on-year in Q3 “primarily due to significantly lower wind speeds, the divestment of 50pc of [the] Borssele 1&2 [wind farm] in May 2021, and a slightly lower availability”. Revenue from operational offshore wind farms decreased by 18pc, to DKK3.4bn ($530mn). This was offset by revenue from power sales, which more than tripled to
Also in this section
19 June 2025
Andean country has become a leading destination for voluntary carbon credit investment, but challenges remain
18 June 2025
Gas Processors Association Europe brings together leading specialists at annual event in Netherlands to analyse the challenges and opportunities presented by technology at heart of Europe’s decarbonisation strategy
10 June 2025
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
3 June 2025
Africa faces challenges in adopting CCS but also has vast potential, with the technology being not just a climate tool but a catalyst for development
