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The decision by the wind energy developer Orsted to cancel the two projects is raising new concern over the financial viability of the nascent offshore wind industry in the U.S.
Wind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry.
Wind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry.
Meta's cost-cutting drive looks to be coming to an end but Wall Street isn't too worried about a return to big-spending ways.
:Photo messaging app Snap on Tuesday reported a surprise rise in quarterly revenue and forecast an upbeat current quarter as its efforts to bolster ad-targeting tools with artificial intelligence showed signs of paying off. Revenue for the third quarter ended September rose 5 per cent to $1.19 billion, beatin