The Latest Breaking News from Orsted

Rising interest rates, inflation, and global supply chain issues brought delays in 2023 for the offshore wind industry, but also some projects began generating energy.

Clean energy record set after windfarms generate 21.8GW in half an hour on Thursday morning

From bad economics to the ire of Donald Trump, the U.S. has become a pain Orsted could do without.

World’s biggest wind power firm reported heavy losses after cancelling two US projects

Offshore wind power company Orsted is trying to get out of a $300 million guarantee it agreed to pay New Jersey in the event it failed to build its first wind farm off the state’s coast

The cancellation of two large offshore wind projects in New Jersey is the latest in a series of setbacks for the nascent U.S. offshore wind industry, jeopardizing President Joe Biden's goal of powering 10 million homes by towering ocean-based turbines by the end of the decade

Wind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry

Danish company’s CEO cites escalating costs in global offshore wind industry as shares fall

Danish energy developer Orsted is scrapping two large offshore wind power projects off the coast of New Jersey, adding uncertainty to a nascent industry the Biden administration is counting on to help transition away from the burning of planet-warming fossil fuels