WINDFARM COMPANY CONDEMNS INVASION - BUT CONTINUES TO BUYS GAS FROM RUSSIA

                                         

WINDFARM operator Ørsted has condemned the  invasion of Ukraine, but it is maintaining its trading links with Russia.

The Danish company has fingers in many energy-generating pies, including gas.

In 2006, it signed a contract enabling it to purchase gas until 2030 from Russian state-owned supplier Gazprom.

It is understood the gas is supplied via Germany with most being used in the domestic market with any surplus being sold to Sweden or other parts of north-western Europe.

Ørsted claims the contract "cannot be terminated at this point in time".

It adds: "It will have severe societal consequences if Europe experiences shortfalls in gas supplies."

The worry is, of course, that the monies from Ørsted are providing the cashflow that is supporting the killing of innocent people - as witnessed every day on TV by its customer and staff, some of whom are employed in Grimsby.

Ørsted insists the the contract will not be extended and that any 2022 profits derived from the Gazprom deal will be donated to humanitarian aid in Ukraine subject to shareholder approval at the forthcoming AGM.

It further states that it has taken "several steps" to end its cooperation with Russian companies.

Says the company: "Ørsted has ceased all sourcing of biomass and coal from Russia for its power stations.

"Ørsted will not enter into new contracts with Russian companies, and we have made sure that none of our direct suppliers for the build-out of renewable energy are Russian."