Energy Transition Today Death by a 1000 cuts: Ørsted share price plunge, Sumitomo offshore volte-face and France energy bill tug of war
In this week’s episode of Energy Transition Today, we unpack a turbulent period for offshore wind and renewable energy policy across the world.
We begin with Orsted’s plan to raise nearly €8 billion to fund its US offshore wind projects after investor pullback and a 30% share price drop, as the company signals plans to scale back in the US.
In Estonia, Sumitomo has withdrawn from a joint offshore wind venture in Estonia, citing unclear government support, which casts uncertainty over the project’s future.
The Dutch government has also reshaped the 2 GW IJmuiden Ver Beta project, delaying its green hydrogen phase and splitting delivery into two stages.
There’s better news from Romania, where the latest CfD auction awarded 2.75GW of onshore wind and solar with 15-year support.
But in Poland, a presidential veto threat could block reforms to ease onshore wind restrictions.
We close with France’s ongoing delay to its multi-annual energy program, which is stalling major offshore auctions.
Across the board, renewable investment is increasingly caught in political crossfire, with shifting policies and investor caution shaping the sector’s trajectory.
Hosted by:
Maya Chavvakula – Head of News
Mathilde Dorbessan – Reporter
Dan Burge – Commercial Reports Lead
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Music credit: NDA/Show You instrumental/Tribe of Noise
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