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Orsted

Orsted Q1-2025 revenue, profit, strategic focus

Orsted said its operating profit (EBITDA) for the first quarter amounted to DKK 8.9 billion compared to DKK 7.5 billion in the same period...

Orsted to discontinue Hornsea 4 project in UK

Orsted has decided to discontinue the development of the Hornsea 4 project in the UK in its current form. This decision follows a series of...

Orsted sells 24.5% stake in West of Duddon Sands Offshore Wind Farm

Orsted announced its divestment of a 24.5 percent stake in the West of Duddon Sands Offshore Wind Farm to Schroders Greencoat for GBP 456.1...

Orsted faces cost challenges for its U.S. projects due to new tariffs

Denmark’s Orsted is facing significant cost challenges for its U.S. projects due to new tariffs imposed by President Donald Trump. Offshore wind projects of Orsted Connecticut Revolution...

Orsted completes Bahren West I onshore wind project in Germany

Renewable energy major Orsted said the first phase of the Bahren West I onshore wind project in Brandenburg, Germany is now operational. The capacity of...

Orsted starts construction for Greater Changhua 2b and 4 wind farms in Taiwan

Orsted has commenced offshore construction for the Greater Changhua 2b and 4 offshore wind farms in Taiwan. The project will deliver 920 MW of...

Orsted reveals strategy for renewable energy market

Orsted says it is focused on strengthening its position in the renewable energy market while adopting a disciplined approach to capital allocation. In 2024, Orsted...

Who’s Rasmus Errboe, the new CEO of Orsted?

Renewable energy major Orsted has appointed Rasmus Errboe as the new Group President and CEO, effective 1 February 2025. Rasmus Errboe will succeed Mads Nipper,...