Orsted Books $4 Bln Impairments, Walks Away From Two US Offshore Projects

Orsted Books $4 Bln Impairments, Walks Away From Two US Offshore Projects

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Orsted booked a 28.4 billion Danish kroner ($4.02 billion) impairment charge in the third quarter related to its U.S. offshore wind portfolio and said it will stop development of two wind farm projects off the coast of New Jersey amid spiraling costs and supplier delays. The Danish…

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