25.4 C
New York
July 1, 2025
Business Denmark Energy Environment europe news Renewable energy Stock markets US news Wind power

Ørsted shares fall 25% after it reveals troubles in US business

Ørsted shares fall 25% after it reveals troubles in US business

Almost £7bn wiped off value of world’s largest offshore wind company over possible £1.8bn write-down

Shares in the world’s largest offshore wind company have tumbled by nearly a quarter after it said it may have to write down the value of its US portfolio by nearly £2bn.

Ørsted said it had been hit by a flurry of setbacks in its American business, triggering a rapid sell-off in its shares, listed in Copenhagen.

Continue reading…

Related posts

Serbia’s elections held under ‘unjust conditions’, say international observers

TheWorldsNews

Poland: hundreds of thousands march against rightwing populist government

TheWorldsNews

Women lose landmark challenge to sexual abuse in Spanish meat industry

TheWorldsNews

Pin It on Pinterest

Share This