Offshore wind projects are facing an economic crisis that erased billions of US dollars in planned spending this week — just as the world needs clean energy more than ever.

COPENHAGEN (Reuters) -Orsted, the world's biggest offshore wind power developer, said on Thursday it expected core profit this year to be equal to, or above 2024, a day after cutting investment ...

Denmark's Orsted, the world's largest offshore wind farm developer, is prepared to walk away from projects in the U.S. unless… Sunday, June 8, 2025.

Orsted A/S has withdrawn from a partnership developing offshore wind projects in Norway as the company grapples with big losses resulting from rising costs. ... news and insight around the world.

Orsted said Sunrise Wind could be completed by 2026, if it’s awarded the latest state contract. Bids for the solicitation are due by the end of this month, and a decision on award winners could ...

Orsted now expects 2022 earnings before interest, tax, depreciation and amortisation excluding new partnerships of between 21 billion and 23 billion Danish crowns ($2.77 billion-$3.03 billion), up ...

Orsted, the world's No. 1 offshore wind farm developer, currently operates 15.5 GW of renewable energy assets, while capacity of 4.9 GW is under construction and projects representing another 10. ...

Orsted, the world's largest offshore wind farm developer has brought in a new CFO and COO as it battles with macroeconomic challenges pumelling the sector. Skip to content City AM.