Ørsted Takes $1.7B Impairment on US Offshore Wind
Latest Financial Drubbing for Developer Does not Factor in Trump Policies
Foundation components for the Sunrise Wind project are shown in 2024 in Coeymans, N.Y. Developer Ørsted said further delays are likely with the offshore wind project. | NYSERDA
Jan 21, 2025
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Cost increases, delays and diminished value of assets contributed to Ørsted's latest setback — which was announced before President Trump targeted offshore wind in an executive order.