Ørsted's CEO speaks out against governments' pursuit of billions in offshore wind

Several of Ørsted’s competitors such as Vattenfall and Equinor have canceled offshore wind projects in recent months due to rising costs. Projects are being squeezed by state requirements, says CEO.

Ørsted's CEO has issued a stark warning against the trend of countries trying to rake in as many billions as possible from state tenders for offshore wind projects. "It's like mortgaging the future," says Mads Nipper. | Photo: Ørsted

by Victor Emil Kristensen

Mads Nipper is known in the business world for his diplomatic and nuanced phrases, but the Ørsted CEO answers one question succinctly.

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