Ørsted A/S (0RHE.IL)
- Bloomberg
AI’s Power Needs Haven’t Boosted Offshore Wind, Orsted Says
(Bloomberg) -- Soaring AI-fueled demand for power across the US has yet to trickle down to the fledgling offshore wind industry, renewable energy giant Orsted A/S says.Most Read from BloombergEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentUnlocking the Hidden Power of Zoning, for Good or BadExclusive Palo Alto Girls School Borrows $106 MillionNY’s MTA Warns Against Borrowing More Than $13 Billion“That is not yet a big pow
- Reuters
Wind farm developer Orsted confident about strategy after Q1 profit rises
Orsted, the world's biggest offshore wind farm developer, reported on Thursday a rise in first-quarter operating profit thanks to higher earnings from its offshore wind farms, and confirmed its full-year guidance. The offshore wind industry has been struggling with rising inflation, interest rate hikes and supply chain delays. Following a strategic review of its business, Orsted, which is 51%-owned by the Danish state, trimmed in February its investment and capacity targets, paused dividend payouts, and its finance and operations chiefs stepped down.
- Reuters
Orsted must restore investor confidence, says new chair
Denmark's Orsted must restore investor confidence, new chair Lene Skole said on Tuesday after a shareholder meeting elected her to oversee the offshore wind power giant's turnaround drive. She takes the role as the world's largest offshore wind farm developer looks to bounce back from a string of losses and project cancellations. Late last year, the company scrapped two U.S. offshore wind projects.
