CEO blames higher costs, interest rates and execution risks Q1 core profit above forecasts British government hopes to revive the project COPENHAGEN, May 7 (Reuters) - Orsted (ORSTED.CO), opens ...

Orsted A/S canceled plans for a huge offshore wind farm in the UK, a significant blow to the nation’s plans to boost the clean energy source in the coming years. It’s the latest setback for ...

Orsted made the announcement while revealing a bigger than expected rise in first quarter profits despite increased headwinds facing its offshore wind interests. The Danish firm secured funding ...

Orsted CEO Rasmus Errboe has set out why the value “simply wasn’t there anymore” for the huge Hornsea 4 offshore wind project, which the Danish developer has halted development of in a huge blow to ...

Danish renewable-energy company Orsted said it would discontinue its Hornsea 4 offshore wind project in the U.K. due to rising costs, warning that the closure would hurt earnings this year.

SINGAPORE / ACCESS Newswire / May 9, 2025 / Sycamine Capital Management highlights Orsted's robust first-quarter performance for 2025, emphasizing the company's resilience amid ongoing market ...

Orsted’s halting of its huge Hornsea 4 project, which has blown a hole in the UK's offshore wind target, is “poor behaviour that should be punished" – although the sanction it will face is a ...

Copenhagen (AFP) – Danish renewables firm Orsted said Wednesday it was shelving plans to build a massive wind farm off the UK coast due to rising costs, dealing a setback to Britain's clean ...

On Friday, Citi analysts downgraded Orsted A/S (CSE:ORSTED:DC) (OTC: DNNGY (OTC:DNNGY)) from Neutral to Sell, significantly reducing the price target to DKK211.00 from the previous DKK300.00.

Danish renewables firm Orsted said Wednesday it was shelving plans to build a massive wind farm off the UK coast due to rising costs, dealing a setback to Britain’s clean energy goals.

Hornsea 4 Project Impact: Potential negative EBITDA impact of DKK3 billion to DKK3.5 billion in Q2 2025. Orsted AS (DNNGY) reported a solid operational performance with a group EBITDA increase of 18% ...