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International Business Times
International Business Times
Business

Danish Firm Orsted Halts Huge UK Offshore Wind Farm Project

Orsted United Kingdom Britain
Orsted posed lower-than-expected sales in the first quarter (Credit: 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 energy goals.

The 2,400-megawatt Hornsea 4 project would have complemented two existing Orsted wind farms and a third under construction.

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