Orsted A/S shares fell as much as 19% to a record low after the Trump administration blocked construction of an almost-finished offshore wind farm, throwing a wrench into the Danish company’s planned 60 billion-kroner ($9.4 billion) share sale. The stop-work order issued late Friday targeted Revolution Wind off the coast of Rhode Island and cited… Read More
SEOUL—In July, as the U.S. and South Korea entered a decisive phase of trade talks between the two countries, South Korean negotiators brought a sealed box for their American counterparts. Inside the box—which had been rushed from South Korea to Washington on a Korean Air flight—sat 10 red baseball caps bearing the slogan “Make… Read More
Technology group Wärtsilä will supply six dual-fuel engines with a total output of 99.6 MW for a power plant in Rapid City, South Dakota, USA. The plant will be owned and operated by Black Hills Energy. The Wärtsilä 50DF reciprocating internal combustion engines (RICE) will provide flexible fuel capability in order to meet grid reliability… Read More
Yokohama, Japan – DP World has signed a memorandum of understanding (MoU) with ITOCHU Corporation, one of Japan’s largest trading companies, to expand logistics, supply chain infrastructure, and distribution capabilities in sub-Saharan Africa. The agreement was signed during the Tokyo International Conference on African Development (TICAD9) held in Yokohama, Japan, by Beat Simon, Group Chief… Read More
