financetom
Business
financetom
/
Business
/
RWE sees no need for impairments on U.S. offshore wind project after Trump crackdown
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
RWE sees no need for impairments on U.S. offshore wind project after Trump crackdown
Jan 21, 2025 8:47 AM

FRANKFURT, Jan 21 (Reuters) - RWE, the world's

second-largest developer of offshore wind farms, sees no need

for impairments on its project off the U.S. east coast, it said

on Tuesday, after President Donald Trump cut support to the

sector on his first day in office.

"We currently see no need for impairments as the seabed

lease is valid at least until the 2060s, so it's a long time to

go to realize the project at a later stage," the company said in

e-mailed comments.

(Reporting by Christoph Steitz, Editing by Victoria Waldersee)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Warner Music Group Fiscal Q2 Earnings, Revenue Rise; Shares Fall Pre-Bell
Warner Music Group Fiscal Q2 Earnings, Revenue Rise; Shares Fall Pre-Bell
May 9, 2024
08:32 AM EDT, 05/09/2024 (MT Newswires) -- Warner Music Group ( WMG ) reported fiscal Q2 earnings Thursday of $0.18 per diluted share, compared with $0.06 a year earlier. Analysts polled by Capital IQ expected $0.16. Revenue for the quarter ended March 31 was $1.49 billion, compared with $1.40 billion a year earlier. Analysts surveyed by Capital IQ expected $1.48...
Novo Nordisk May Pay Up to $600 Million in New Obesity R&D Deal
Novo Nordisk May Pay Up to $600 Million in New Obesity R&D Deal
May 9, 2024
08:30 AM EDT, 05/09/2024 (MT Newswires) -- Novo Nordisk A/S ( NVO ) could pay up to $600 million as part of a deal struck with Metaphore Biotechnologies and Flagship Pioneering to develop up to two new therapeutics for obesity management, according to a press release. Under the terms of the agreement, the $600 million will go toward upfront, development,...
US auto safety agency raises concerns on Ford SUV recall
US auto safety agency raises concerns on Ford SUV recall
May 9, 2024
WASHINGTON, May 9 (Reuters) - A U.S. auto safety agency said on Thursday it has significant safety concerns over Ford Motor's ( F ) recall of more than 42,000 SUVs over concerns fuel leaks could lead to an engine fire. The National Highway Traffic Safety Administration (NHTSA) said last month it was investigating the adequacy and safety consequences of Ford's...
TikTok to label AI-generated images, video from OpenAI and elsewhere
TikTok to label AI-generated images, video from OpenAI and elsewhere
May 9, 2024
May 9 (Reuters) - TikTok said on Thursday it would start using a technology aimed at helping it label images and video generated by artificial intelligence and uploaded to the video sharing service. TikTok said it would adopt Content Credentials, a digital watermark that denotes how images were created and edited. The Content Credential technology was spearheaded by Adobe but...
Copyright 2023-2026 - www.financetom.com All Rights Reserved