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Johan Christian Sollid Profile picture
@sollidnuclear
Jul 21 • 12 tweets • 4 min read Twitter logo Read on Twitter
Wind power companies abandoning offshore projects!

Several wind power companies find themselves in a difficult situation as cost increases, of up to 40%, halts projects worldwide.

I’ve gathered all the latest news about projects being abandoned or halted ⬇️

A thread 🧵
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Yesterday two big news stories about Vattenfall and Ørsted came to light after both companies abandoned offshore wind projects in the US and UK.

(2/12)ft.com/content/f9d0f4…
@VattenfallGroup halts giant North Sea of up to 4.8 GW project over soaring costs of up to 40% and pauses future investment plans into the project.

(3/12)rechargenews.com/wind/blow-to-u…
Vattenfall has also annonced today that future investment plans needs updated framework, as inflation and rising commodity prices challenge the business case for offshore wind around the world.
(4/12)
energywatch.com/EnergyNews/Ren…
@OrstedDK has lost the bidding for the Rhode Island offshore wind project of 884 MW. The state has released a statement saying that the prices submitted by Ørsted didn’t compare to other PPA’s for offshore wind.

(5/12)rechargenews.com/wind/too-expen…
Ørsted’s CEO @NipperMads has commented on the issue calling for more support from governments to support future offshore projects.

Looking as PPA’s are set too high and CFD’s too low, this might result in a surge in the overall price for future projects.
(6/12)
Only a month ago we saw @SiemensGamesa’s stock plunged by 37% after it was discovered that between 15-30% of over 132 GW of their onshore wind turbines could experience turbine failure.

(7/12)cnbc.com/amp/2023/06/23…
Earlier this months we also saw news about these potential turbine failures being a wider industry issue than previously thought.

(8/12)cnbc.com/amp/2023/07/03…
@WindEurope estimates that the rise in commodity prices has increased the price of wind turbines by up to 40% over the last two years.

(9/12)windeurope.org/newsroom/press…
Also smaller companies in the supply chain of wind turbines are nearly going bankrupt in Denmark as they can’t compete with market prices.

(10/12)finans.dk/erhverv/ECE162…
Danish Ministry of Climate, Energy and Utilities @KlimaMin has also announced that they’re pausing the investment plan of its offshore Energy Island in the North Sea, as state subsidies rise to over €7 billion.

(11/12)offshorewind.biz/2023/06/28/dan…
Also cost overruns complicate plans for another Energy Island in Denmark at the Island of Bornholm, right next to the Nord Stream pipelines. Around €5 billion in state subsidies are needed.

(12/12)energywatch.com/EnergyNews/Pol…

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More from @sollidnuclear

Johan Christian Sollid Profile picture
Jul 18
GONE WITH THE WIND: Denmarks stalled energy transition

Listen to the latest episode of @DecoupleMedia, where @Dr_Keefer and I unravel the truth about Denmark’s green energy transition.

Also, we talk about how nuclear energy is making a comeback in Denmark!

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Listen or watch the episode on your podcast / streaming app of choice:


https://t.co/gs2s22rt07

https://t.co/bLu09FO4mY

(2/19)open.spotify.com/episode/7MP96n…
podcasts.apple.com/us/podcast/dec…
The last couple of years we’ve seen a rise in skepticism about Denmark’s climate policy. For years Denmark has been seen as the pinnacle of the green transition.

Denmark may be a small country, but it represents the idea of a 100% renewable energy system being possible.

(3/19)
Read 19 tweets
Johan Christian Sollid Profile picture
May 11
Yesterday was a VICTORY for nuclear power in Denmark 🇩🇰⚛️

The last couple of years the support for nuclear power has grown immensely in most European countries. Denmark is no exception!

A thread 🧵
(1/9) Image
Latest opinion polls by Megafon A/S Consulting and Research show that 49% of the danish population would vote yes to nuclear power in Denmark! Only 32% would vote no, and the last 19% don’t know.

(2/9)
Yesterday Members of the Danish parliament (MP’s) discussed a proposal concerning whether the government should establish an independent commission investigating if nuclear power should be part of the Danish energy system!

(3/9)
Read 9 tweets
Johan Christian Sollid Profile picture
Apr 12
Germany's 🇩🇪 nuclear power phase-out has resulted in thousands of excess deaths due to air pollution from fossil fuels!

Several academic papers show that the negative externalities of the German nuclear power phase-out is far greater than ever imagined!

A thread 🧵
(1/11) Image
Germany has since 2011 accelerated the closure of its nuclear power plants as a response to the Fukushima accident in 2011.

On Saturday the 15th of April 2023 the last three nuclear power plants will be shut down.

(2/11) Image
Since 2011 several scholars have estimated the negative societal impacts of the closure of nuclear power plants in terms of excess CO2-emissions, excess death due to air pollution from fossil fuels and therefrom increasing societal costs.

(3/11)
Read 11 tweets
Johan Christian Sollid Profile picture
Apr 10
ANTI-NUCLEAR IS SO LAST YEAR 😎

When the war in Ukraine is over, anti-nuclear EU member states "will have to sit down and engage in serious self-criticism," International Energy Agency (@IEA) Director Fatih Birol said during a conference at Science Po Paris.

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As a Dane, I find this very refreshing, as our government and especially minister of energy and climate @L_Aagaard openly tries to exclude nuclear-made hydrogen from being labeled as green.

(2/5)
euractiv.com/section/energy…
The infuriating part of this is that our minister of climate talks with two tungs, when it comes to his view on nuclear. In an interview with the danish newspaper Jyllands-Posten @L_Aagaard says »he is not in principle opposed to nuclear power.«

(3/5)
jyllands-posten.dk/indland/ECE151…
Read 6 tweets
Johan Christian Sollid Profile picture
Feb 4
Top CEO’s are betting on nuclear in DENMARK 🇩🇰

Nuclear power has experienced a quantum leap in Denmark in the last two weeks!

The CEO of the @novonordiskfond and the CEO of @OrstedDK both believe that we cannot avoid nuclear power in Denmark.

A thread🧵
(1/12)
Last week, chairman of the Novo Nordisk Foundation, Lars Rebien Sørensen, made it clear that we should reconsider our ”Nuclear Power No Thanks” in Denmark.

Today in the danish newspaper @berlingske he makes an even more profound claim follwing last weeks annonuncement.

(2/12)
Lars Rebien is chairman of the board of the world's third largest fund, which has more than 100 billion $ at its disposal.

He opens up the possibility that the fund can contribute to speeding up research and investments in nuclear power in Denmark.
energywatch.com/EnergyNews/Ren…
(3/12)
Read 13 tweets
Johan Christian Sollid Profile picture
Jan 16
Deja vu?
Once again, Denmark is trying to stop Sweden's green energy transition.

Denmark is late to the party as its neighbor goes nuclear.

A thread 🧵
(1/15)
Ever since the newly elected Swedish government came to power, Swedish energy policy has experienced a rebirth.

The government campaigned on expanding Sweden's nuclear power fleet with the intention of ensuring green and stable electricity for future generations.

(2/15)
In the same vein, the government announced last week that they will remove the Swedish legislation, which only makes it possible to build a maximum of 10 reactors at six fixed locations in Sweden.

(3/15)
Read 15 tweets

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