Tag: XE:D2G
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Orsted Loses a Quarter of its Market Value After Warning on US Offshore Wind
Orsted (XE:D2G), the Danish renewable energy company, experienced a 25% decline in its market value on Wednesday due to cautionary remarks about substantial impairments linked to three wind projects off the U.S. east coast. This situation adds further strain to an industry grappling with escalating costs and delays in supply. Amidst robust demand for renewable…