Danish company Ørsted, the world’s largest offshore wind developer, abandons development of European green fuels plant in Örnsköldsvik (Sweden), previously considered the largest e-methanol project under construction in Europe: it was intended to produce 55k tonnes a year of e-methanol. The reason is the unexpected slow growth of the new market, but Ørsted is also facing a hard time with its expansion into the US: after scrapping two major windfarms off the New Jersey coast, amid surging costs facing the global wind power industry, it has recently pushed back by a year the start of commercial operations at its 704 megawatt ‘Revolution Wind’ project off the coast of Rhode Island and Connecticut.
Read more on FT.com and TheGuardian.com
