Trump executive order delivers a blow to wind-energy industry; Orsted sees setbacks on Sunrise Wind
The Trump administration has delivered a potential body blow to the wind-energy industry with a sweeping executive order that ...
Crude Oil Prices6d
Orsted's U.S. Struggles Deepen as Trump Derails Offshore Wind Ambitions
Orsted's shares plunge due to a surprise impairment charge and President Trump's executive order halting offshore wind ...
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 ...
Recharge2d
Orsted takes $1.7bn hit on US offshore wind project turmoil
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 ...
Marine Link26d
Equinor Reaches Financial Close for Empire Wind 1 Offshore Wind Project
Equinor’s Empire Wind 1 project in the United States has now secured a project financing package of over $3 billion, reaching a financial close at the end of December 2024. The expected total ...
The Globe and Mail3d
Denmark’s Orsted, world’s biggest offshore wind company, was a clean-energy star in the U.S. Donald Trump fixed that
Within hours of entering the White House, on Monday, he announced “We are not going to do the wind thing. Big ugly windmills. They ruin your neighbourhood.” Never mind that Orsted’s ...
Yahoo Finance7d
World’s largest offshore wind farm maker Orsted takes fresh $1.7 billion write-down in the U.S. as its Trump nightmare begins
Danish offshore wind giant Orsted faced a fresh stock market hammering on Tuesday after the group announced a new billion-dollar impairment charge on the same day its foe Donald Trump ascended to ...
Morningstar7d
Orsted: US Offshore Wind Projects Further Impaired; Shares Undervalued
On Feb. 6, Orsted will likely lower its 2026 EBITDA target of DKK 30 billion-DKK 34 billion. We forecast EBITDA of DKK 27.5 billion as we also expect a one-year delay for Revolution Wind ...