On his first day in the Oval Office, President Donald Trump signed an executive order that attempts to slow the growth in the ...

The global offshore wind developer said on 6 February the increase was mainly due to the ramp-up of generation at Greater Changhua 1 and 2a offshore wind project in Taiwan, South Fork in the US, and ...

CEO Rasmus Errboe outlined a strategic shift to prioritize offshore wind projects in regions with favorable frameworks, while reducing long-term investment plans by 25%. He noted this disciplined ...

Ørsted, the world's largest offshore wind developer, has announced it is slashing investment in offshore wind by 25%.

New CEO R. Errboe reshapes strategy to further strengthen the balance sheet EARNINGS/SALES RELEASES In line with the guidance ...

Orsted of Denmark and Equinor of Norway tap the brakes on offshore wind development after setbacks and market shifts.

Orsted guided for slightly higher earnings this year, a day after it slashed spending plans for the coming few years to shore up its balance sheet.

Ørsted has announced a 25% reduction in its investment programme up to 2030, despite the company's full-year results meeting expectations.

Orsted, the world's biggest offshore wind power developer, said on Thursday it expected core profit this year to be equal to, ...

Orsted , the world's biggest offshore wind power developer, said on Thursday it expected core profit this year to be equal to ...

Ørsted reported an operating profit (EBITDA) of DKK 32.0 billion for 2024, an increase from DKK 18.7 billion in 2023. This included a net reversal of provisions for cancelled projects amounting to DKK ...

Danish energy company Orsted, a worldwide leader in offshore wind, has replaced its CEO, who began offshore wind projects in the United States that have mostly stalled.