Orsted is the largest developer on the US East Coast with 5 GW of offshore wind projects awarded. Because of the sharp rise in construction costs and interest rates since 2021, none of the ...

Just under US$500mil was due to an expected hit in the market value of Orsted’s seabed leases off the coast of the United States. Such early-stage projects require federal approvals that the ...

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As costs soared, Orsted became emblematic of the challenges of building wind farms off the US coast, as the company canceled two flagship projects and recorded billions of writedowns. With Trump ...

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 ...

Danish wind energy company Orsted has sold 50% of its stake in the Greater Changhua 4 wind farm off Taiwan's west coast to Cathay ... Back Retirement Age in US ...

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 ...

The move comes as Orsted, the Denmark-based developer of ... Norway-based Equinor is at work on Empire Wind 1, a project 14 miles off the coast of Long Island, with all needed federal permits ...

Explore the latest developments in the offshore wind industry, from Orsted's stock declines to strategic partnerships and global decarbonization efforts.