The offshore wind-energy industry will soon be flooded by competition as big oil companies join utilities and small renewable players in the growing sector, said the chief executive of the world’s biggest offshore wind company, Dong Energy. “They have been hesitant,” said Mr. Poulsen in an interview with The Wall Street Journal. “But I think they’ve come to a point where they’re thinking ‘Gee, maybe we should start mobilizing behind renewables, maybe the green transformation won’t slow down.’” Dong was once one of Europe’s most coal intensive utilities but the state-owned enterprise has steered its business away from coal and oil and gas extraction in the past decade toward offshore wind . The move has helped lift profits thanks to Europe’s significant wind power subsidies. The company says it has a 26% share of […]