Denmark’s Orsted and Vestas call on European nations to accelerate permitting, improve auction terms, and invest in power grids for offshore wind growth. Vestas predicts a 20-25% yearly capacity increase until 2030, but Europe needs faster licensing and grid expansion. Several EU countries struggle with auction failures due to rising costs and financing challenges. Despite U.S. market freeze by Trump, Orsted remains hopeful and reports a third-quarter net loss of 1.70 billion Danish crowns, while Vestas sees a 13% stock increase after positive earnings.

Read more at Yahoo Finance: Offshore wind leaders urge European policy fixes as Trump freezes US permits