Ørsted downgrades long-term return forecast for offshore wind
![Photo: HENNING BAGGER/Henning Bagger / henning bagger](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article11719125.ece/ALTERNATES/schema-16_9/doc77qta7tkwjtbzs4po4m.jpg)
Tuesday at noon, Ørsted launches a most noteworthy triple-stage rocket – a rocket that has not only exploded into magnificent colors, but has also turned out to be something of a dud that caused the utility's share price to slide by around 10 percent. Ørsted downgrades its long-term return guidance to 7-8 percent from 7.5-8.5 percent and sets off to cut costs totaling DKK 500-600 million for the period 2020-'22.
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
BOEM says interest in the US has exploded in recent years
For subscribers
Ørsted and Equinor win firm deals in New York State
For subscribers