Orsted transitioned to wind power
Collaboration vital for energy transition – panel
New technologies will only develop through effective partnerships, say Orsted and RWE
Collaboration between firms is vital if the energy transition is to be success, according to the CEOs of two European energy firms. Whereas competition was seen as the most effective way to create efficient markets in a pre-transition energy sector, the situation has now changed, agreed the panellists said at a Reuters global energy transition event. “When companies and governments collaborate together, that is when we see significant movement,” says Mads Nipper, CEO of Denmark’s Orsted. “Today, offshore wind is competitive with fossil fuels because of that kind of collaboration.” “When companies and governments collaborate together, that is when we see significant movement” Nipper, Or
Also in this section
12 March 2026
Role of world’s largest carbon cap-and-trade market under scrutiny as war in Iran threatens to drive EU energy costs to unsustainable levels
10 March 2026
Europe urgently needs to bring more projects to FID, as CCS investors warn they might divert capital to faster-growing regions
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
