Danish developer Orsted took a total DKr12.1bn ($1.68bn) impairment in the fourth quarter 2024 due to stubbornly high US interest rates, supply chain turmoil in its Sunrise Wind array, and plummeting ...

The move comes as Orsted, the Denmark-based developer of Sunrise Wind, detailed a series of setbacks for the Long Island project that will push back its completion date by a year to mid-2027.

Orsted announced a $1.68 billion impairment charge on its US offshore wind projects due to rising interest rates, seabed lease issues, and delays in the Sunrise Wind project. President Trump's ...

Orsted ORSTED-14.38%decrease; red down pointing triangle shares sank to the bottom of the Stoxx Europe 600 index Tuesday after the company announced a $1.7 billion fourth-quarter impairment amid ...

Orsted shares sank to the bottom of the Stoxx Europe 600 index Tuesday after the company announced a $1.7 billion fourth-quarter impairment amid higher costs at its U.S. Sunrise Wind project and ...

Orsted full-year earnings landed within its guidance range despite a 12.1 billion Danish kroner ($1.69 billion) impairment in the fourth quarter amid higher costs at its Sunrise Wind project in ...

(Bloomberg) -- Orsted A/S shares slumped after it recorded a $1.7 billion hit on its earnings as the cost of building offshore wind farms in the US keeps rising, complicating the company’s ...

Orsted recorded a 12.1 billion-krone ($1.7-billion) hit on its earnings as the costs of offshore wind farms, particularly in the U.S., keep rising. The setback is the latest in a long series of ...

Trump suspends offshore wind power leases Denmark's Orsted takes fur impairments on US projects Shares plunge 17%, taking losses to 84% since 2021 peak Other companies fall much less Biden ...

The Mohamed Salah contract saga shows no signs of simmering down - much like Liverpool's relentless title charge. However, the former could end up jeopardising the latter if Liverpool don't get ...

COPENHAGEN, Jan 20 (Reuters) - Offshore wind developer Orsted (ORSTED.CO), opens new tab on Monday posted an impairment charge of 12.1 billion Danish crowns ($1.69 billion) in the fourth quarter ...