Ørsted versus enel: The power games of the energy giants change!

Ørsted versus enel: The power games of the energy giants change!

Ostsee, Polen - The two heavyweights in the area of ​​renewable energies, Ørsted and Enel are the focus, but they are currently experiencing very divergent developments. While Ørsted has to deal with massive problems in his US offshore wind portfolio, Enel benefits from stable European energy markets. As ÖA> reported, Ørsted recently deprived of 12.1 billion Danish crowns (DKK). These complications result, among other things, from the increased US long-term interest rates and the high costs for various wind projects. The pressure is reinforced by a restrictive policy of former Trump administration, which excludes new offshore windleasing contracts and thus endanger the future of new projects.

Last year, Ørsted recorded a total of 45 billion DKK of depreciation in the United States, with possible further losses of up to 50 billion DKK, should not occur political changes. However, switching to Rasmus Errboe as a new CEO should bring a fresh wind into the problem and minimize new risks, while growth in the offshore sector is to be boosted again. In contrast, enel has established itself in a solid financial position through stable electricity prices in Europe, which have recovered according to the crises around the Ukraine conflict, such as Statista stated.

market strategies in the renewable energy industry

enel has changed its strategy in favor of an increased investment in power grids, which was positively absorbed by investors, even if critics fear a decline in investments in renewable energies. So while Ørsted is confronted with challenges in the offshore wind area, Enel shows that a strategic realignment can certainly be successful. Overall, developments illustrate that the industry offers incredible opportunities, but also carries risks that are closely linked to political and economic framework. Investors are faced with the question: rely on the long -term potential of a market giant like Ørsted or the current stability of enel?