Ørsted forced to fully purchase collapsed project

Just a few months ago, Ørsted paid its partner billions for its stake in the now-defunct Ocean Wind. But the deal was not made ”with our heads in the clouds”, says the Ørsted CEO.

by MAZ PLECHINGER

An outrageous DKK 19.9bn (USD 2.82bn). That’s how much of a write-down Ørsted took on Wednesday for scrapping the Ocean Wind 1 offshore wind project in New Jersey - an amount that could very well grow by further billions when contracts already signed with suppliers are renegotiated.

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US governor demands compensation from "outrageous" Ørsted
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Ørsted writes down billions and halts US projects
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