The first two LCO 2 newbuildings for Northern Lights are already on their way to Norway after being delivered by Dalian ...

Investors also remained cautious as Trump's trade policy remained unclear. He said he was thinking of imposing 25% tariffs on ...

News reports last week detailed President Donald Trump’s efforts to derail offshore wind energy in the United States. But in ...

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 ...

That impairment came as part of a wider DKr12.1bn Orsted posted for the fourth quarter of 2024, with the developer also suffering from stubbornly high US interest rates and supply chain turmoil in its ...

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 ...

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 ...

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 ...

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 ...

In a report released on January 20, Ahmed Farman from Jefferies maintained a Hold rating on Orsted (DOGEF – Research ... the Netherlands, USA, and Taiwan. The Bioenergy & Thermal Power segment ...