Page 44 - Ocean Wind News Today

A major global energy developer axed two offshore wind projects the Biden administration recently approved and boasted would create thousands of jobs.

A major offshore wind developer announced that it is cancelling two major developments on Tuesday evening.

Shares of the world’s biggest offshore wind developer plunged by nearly 20% after it ceased the development of two projects in the U.S.

Danish developer will take a charge of $4bn as challenges at its US business deepen

The Danish energy giant made the announcement as it booked a €3.8 billion impairment charge on the floundering US projects

Orsted A/S shares slumped to their lowest level in six years after the Danish utility dropped two US wind projects and recorded 28.4 billion kroner ($4…

Danish wind developer Orsted is halting the development of two massive New Jersey offshore wind projects due to cascading economic pressures, including skyrocketing interest rates and supply chain crunch – two factors that have dogged wind energy projects up and down the East Coast.

The Danish wind developer Orsted announced a $4 billion impairment and canceled two offshore New Jersey wind projects.

Orsted announced anticipated impairments on its US portfolio of up to DKK 16 billion

Green energy just doesn't work.