Germany’s half-a-trillion dollar energy bazooka may not be enough
Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago.
Lighter winds slow progress at offshore firms Orsted, RWE
Orsted (ORSTED.CO) and RWE (RWEG.DE), the world’s two largest offshore wind players, both suffered from lighter winds in the first half of the year, highlighting how profits in the booming industry remain tied to weather conditions.
