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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose Energy correspondent

Wind developer Ørsted bosses exit after £3bn-plus failure

Ørsted’s Hornsea 1 windfarm off the Yorkshire coast in England
Ørsted’s projects include the Hornsea 1 windfarm off the Yorkshire coast in England. Photograph: Orsted/EPA

The world’s biggest offshore wind developer, Denmark’s Ørsted, has lost two of its most senior executives after it abandoned a pair of windfarm projects off the US coast at a cost of more than £3bn.

Ørsted told investors that its chief financial officer, Daniel Lerup, and chief operating officer, Richard Hunter, had agreed to step down from their roles with immediate effect because the company needed “new and different capabilities”.

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