Orsted reaffirms earnings guidance and shifts focus to European offshore wind
Updated
Updated · Bloomberg · May 6
Orsted reaffirms earnings guidance and shifts focus to European offshore wind
10 articles · Updated · Bloomberg · May 6
The Danish utility said its recovery strategy centres on projects closer to home after a decade-long US expansion led to heavy losses and cancellations.
Orsted is prioritising European offshore wind, where the technology is more established and tied to climate goals and energy security.
The move marks a retreat from a costly US push and a return to Orsted's core business as it seeks to stabilise performance this year.
Orsted fled US policy for European security threats. Where can green energy giants find stable ground for long-term investment?
As Europe integrates military radar onto wind farms, what new security risks and costs arise for its green energy goals?