Weekly renewables M&A round-up (Dec 2-6)
Dec 06, 2019 15:48 CESTDecember 3 (Renewables Now) - Danish energy major Ørsted A/S (CPH:ORSTED) today said it will adopt a new operating model for its Offshore operations, designating four main regions for the business.
The step will be undertaken to take advantage of the growth opportunities on the global market and the increasing role of offshore wind in the UK, Ørsted said. It believes the new model will create “a more scalable organisation” for its expansion on an international level.
The specific regions will be the UK, Continental Europe, North America and Asia Pacific. Each of them will take care of market and project development and asset management activities, with construction and operation to be performed through Ørsted’s global engineering, procurement and construction (EPC) and operations and maintenance (O&M) organisation.
The new model will become effective from January 1, 2020.
Following the changes, the UK country chair role will not fit with the new focus and this position will be closed. The UK business will be headed by Duncan Clark, while Matthew Wright, presently UK Country Chair, will leave the business as of February 1.
Weekly renewables M&A round-up (Dec 2-6)
Dec 06, 2019 15:48 CESTCanadian Solar sells 3.3-MWp UK solar plant to Elm Trading
Dec 06, 2019 13:57 CESTCIP's new markets fund hits USD-1bn final close
Dec 06, 2019 10:56 CESTHydrogen Council to get EIB advice for hydrogen funding
Dec 06, 2019 10:20 CESTOctopus Renewables pockets GBP 350m in London IPO
Dec 06, 2019 9:55 CESTContourGlobal's 9-mo earnings benefit from CSP portfolio stake sale
Dec 05, 2019 13:33 CEST