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New Jersey officials said the state will receive $125 million from a legal settlement with Denmark's Orsted ORSTED.CO over the company's cancellation

Companies Orsted A/SFollow Avangrid IncFollow Bp PlcFollow Show more companies Oct 31 (Reuters) - European energy companies, including Denmark's Orsted (ORSTED.CO), will likely write down more of their U.S. offshore wind investments this week after BP (BP.L) and Equinor (EQNR.OL) booked $840 million in impairments in recent days. Orsted, the world's largest offshore wind developer, said in August it may see impairments of 16 billion Danish crowns ($2.3 billion) on its U.S. offshore developments

A tweet from fellows I regularly check in with yesterday caught my eye. And the subject of the link was something ever so warming to the cockles of my heart. Wouldja look at this headline, already:...

Norway's Equinor (EQNR.OL) and its partner BP (BP.L) are seeking a 54% increase for the price of power produced at three planned offshore U.S. wind farms, according to a filing made by a New York state regulatory authority. ...In a petition filed with the New York State Public Service Commission in June this year, they requested enhanced offshore renewable energy credits compared with terms originally agreed.

Denmark's Orsted (ORSTED.CO), the world's largest offshore wind farm developer, said on Wednesday it may see U.S. impairments of 16 billion Danish crowns ($2.3 billion) due to supply chain problems, soaring interest rates and a lack of new tax credits. Orsted's share price tumbled 20% to its lowest level in more than four years and is down almost 70% from its 2021 peak.