World’s largest offshore wind farm maker Orsted takes fresh $1.7 billion write-down in the U.S. as its Trump nightmare begins
Orsted’s Sunrise Wind project, a 924-megawatt offshore wind farm in New York meant to power 600,000 homes, is expected to ...
Crain's New York2d
NY offshore wind developers brace for billions in losses on heels of executive order
Developers behind New York’s offshore wind projects are grappling with the prospect of billions of dollars in potentially ...
Orsted flags $1.7 bln impairment on Sunrise Wind delays, increased costs
Denmark's Orsted announced on Monday an impairment charge of 12.1 billion Danish crowns ($1.69 billion) in the fourth quarter ...
U.S. Wind Power Faces Huge Challenges After Trump Orders a Crackdown
In a sweeping order, President Trump halted federal approvals for new wind farms, in a move that could affect projects on ...
Ørsted takes $1.7B hit on U.S. offshore wind projects
Danish energy company Ørsted (OTCPK:DNNGY) reported an impairment of DKK 12.1B (~$1.7 billion) for Q4, primarily due to ...
Orsted Hits Earnings Target Despite $1.7 Billion Impairment on U.S. Project Delays
Orsted’s full-year earnings landed within its guidance range despite a 1.69 billion impairment on higher costs at its Sunrise ...
Trump halt on offshore wind power leases hits European companies
European wind shares fell on Tuesday after U.S. President Donald Trump axed support for new offshore wind power on his first ...