Ørsted Americas CEO David Hardy blamed "high inflation, rising interest rates and supply chain bottlenecks" for the decision. "We have no choice but to cease development of Ocean Wind 1 and Ocean ...

Ørsted is the world’s largest offshore wind developer and an important barometer for the industry. In August, the company announced it was writing down the value of its projects planned along ...

Through the partnership with Stonepeak, Ørsted will recycle capital to support its business plan and future value-creating renewable energy projects. NEW YORK--(BUSINESS WIRE)--Ørsted has signed ...

Shockwaves still ripple through New Jersey following Ørsted’s stunning decision to cancel the Ocean Wind 1 and 2 offshore wind farm projects.

@Kamil Mowjood Betting on Vestas over operators like Oersted is betting on margins improving - assuming Vestas is trading at fair value. A shift to 'Dutch Auctions' has really hurt profitability.

Ørsted also posted a $100 million performance security in the event it failed to build Ocean Wind 1, the first of two planned wind farm projects in New Jersey, according to documents submitted to ...

Ørsted (CSE:ORSTED) stock fell on Thursday following its earnings report, which showed significant impairments and delays in several key projects. At 4:46 am (0846 GMT), Ørsted was trading 7.8% ...

Permian Energy Center brings Ørsted's onshore operating capacity to 2.1 GW. The project and its 420 MWAC of solar PV and 40 MWAC of battery storage will be located on a 3,600-acre site alongside ...

Ørsted, recently ranked the most sustainable company in the world, will become carbon neutral by 2025. This will make Ørsted the first major energy company to reach net-zero emissions in its energy ...

Ørsted will raise $9.4 billion through a rights issue to strengthen its capital structure after U.S. policy shifts and ongoing industry challenges disrupted its offshore wind projects.

Denmark-headquartered Ørsted is the world's largest offshore wind company, and here's what its North America CEO said on Capitol Hill today.

PROVIDENCE – A former Ørsted North America information-technology specialist pleaded guilty Wednesday to three counts of wire fraud for using a company credit card to pay child support ...