Ørsted denies pressuring subcontractor into bankruptcy

A bankruptcy filing at a Polish supplier to one of Ørsted's offshore wind farms was not caused by the Danish wind developer's tough price negotiations, says CEO Henrik Poulsen after the subcontractor is now back on its feet.

Photo: DanTysk

Denmark's Ørsted (formerly known as Dong Energy), the world's largest offshore wind developer, tends to remind subcontractors of the importance of lowering sector prices, Group CEO Henrik Poulsen says today that it is not Ørsted's fault that a Polish subcontractor entered into receivership this fall.

In relation to the company's third quarter interim report, released Wednesday, Ørsted announced that work on wind farm Borkum Riffgrund 2 had been impacted by a bankruptcy filing at one of the farm's subcontractors.

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