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The move comes as Orsted, the Denmark-based developer of Sunrise Wind, detailed a series of setbacks for the Long Island project that will push back its completion date by a year to mid-2027.

COPENHAGEN, Jan 20 (Reuters) - Offshore wind developer Orsted (ORSTED.CO), opens new tab on Monday posted an impairment charge of 12.1 billion Danish crowns ($1.69 billion) in the fourth quarter ...

COPENHAGEN: Orsted A/S recorded a 12.1 billion-krone hit on its earnings as the costs of offshore wind farms, particularly in the United States, keep rising. The setback is the latest in a long ...

Analyst Elizabelle Pang of DBS maintained a Buy rating on Orsted (DOGEF – Research Report), retaining the price target of DKK500.00. Elizabelle Pang’s rating is based on several compelling ...

Danish developer Orsted took a total DKr12.1bn ($1.68bn) impairment in the fourth quarter 2024 due to stubbornly high US interest rates, supply chain turmoil in its Sunrise Wind array, and plummeting ...

With 8.9 gigawatts of gross offshore wind capacity and 5 GW of net capacity at the end of 2023, Orsted is the leader in offshore wind, an industry that it pioneered in the 1990s. With around 75% ...

Trump suspends offshore wind power leases Denmark's Orsted takes fur impairments on US projects Shares plunge 17%, taking losses to 84% since 2021 peak Other companies fall much less Biden ...

Bernstein analyst Deepa Venkateswaran maintained a Buy rating on Orsted (DOGEF – Research Report) yesterday and set a price target of DKK540.00. The company’s shares closed last Friday at $43.10.

(Bloomberg) -- Orsted A/S shares slumped after it recorded a $1.7 billion hit on its earnings as the cost of building offshore wind farms in the US keeps rising, complicating the company’s ...

Orsted shares sank to the bottom of the Stoxx Europe 600 index Tuesday after the company announced a $1.7 billion fourth-quarter impairment amid higher costs at its U.S. Sunrise Wind project and ...