Renewables

Analysts predict bigger Ørsted write-downs in the US

An analyst calls the upcoming financial report from the Danish energy company a horror story and predicts it likely that further write-downs will have to be made.
At Danske Bank, analyst Casper Blom also expects higher write-downs of up to DKK 22bn in the third quarter and another DKK 3bn in the fourth quarter due to higher interest rates. | Photo: Ørsted
At Danske Bank, analyst Casper Blom also expects higher write-downs of up to DKK 22bn in the third quarter and another DKK 3bn in the fourth quarter due to higher interest rates. | Photo: Ørsted
AF MARKETWIRE

Back in August, Ørsted announced that the company is facing write-downs on its activities and projects in the US of up to DKK 16bn (USD 2.27bn). But according to several analysts, the amount could easily be higher, reports Danish business daily Børsen.

Already a subscriber?Log in here

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:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    On June 1, Senvion's former CFO Manav Sharma started as US country manager for Nordex. Soon he will have a new factory at his disposal. | Foto: Senvion

    Nordex restarts production in the US

    For subscribers

    Further reading

    Jobs