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 ...

25 minutes, 9 Targets: How Operation Sindoor Destroyed Terror Camps Inside Pakistan, PoK Indian military has revealed the details of the Operation Sindoor, India's ...

Ørsted has abandoned “Hornsea 4,” a major offshore wind project located in the North Sea, citing financial concerns.According to a company announcement, the project will not proceed “in its current ...

Wind farm operator Orsted announced on Wednesday that it would discontinue its Hornsea 4 project, a move expected to incur costs of up to 4.5 billion Danish krone this year ($680 million).

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 ...

Denmark-based Orsted, which operates 12 windfarms in the UK and has a further three in development, revealed on Wednesday it would discontinue the 2,400 mega-watt Hornsea 4 project 'in its current ...

Energy giant Ørsted has halted worked on the final wind farm of the mammoth Hornsea zone in the North Sea. The Danish multinational has citied rising supply chain costs, higher interest rates and ...

Ørsted, one of the largest renewable developers in the world, has started to build its second solar farm in Ireland. Once built, the 55MW solar farm, located in Ballinrea, between Carrigaline and Cork ...

A spokesperson for the Department for Energy Security and Net Zero said: "We recognise the effect that globally high inflation and supply chain constraints are having on industry across Europe, and we ...

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.