Ørsted Earns $1.7B in US Wind Energy Projects (Pink Limited Info: DNNGY)


The large transport ship Normand Jarstein standing at Orsted's wind farm Borkum Riffgrund 2. The wind turbines are in a row behind the ship. Sky is moody.

CharlieChesvick/iStock Unreleased via Getty Images

The Danish energy company Ørsted (OTCPK:DNNGY) reported a fourth-quarter impairment of DKK 12.1 billion (~US$1.7 billion), mainly due to problems with its US wind projects.

The failure is attributed to several factors, including rising US interest rates, devaluation of seabed leases and increased

Leave a Reply

Your email address will not be published. Required fields are marked *