Ørsted squeezed in the US
Towering inflation, interest rate hikes, and supply chain congestion are added to the list of problems currently squeezing Ørsted ability to secure satisfactory returns on the company’s US offshore wind pipeline.
Ørsted already had to juggle abundant red tape and postponed regulative approvals, writes Danish business daily Børsen.
”In pretty much every market we operate in, we feel quite confident that we successfully complete projects within our target range. The US is a little different right now, which is why we are naturally giving it all of our attention,” says Ørsted CFO Daniel Lerup to Børsen.
Lerup does not wish to comment on whether some projects of the 5GW US offshore wind pipeline are looking to yield negative returns. However, he maintains that Ørsted’s US portfolio still generates value even though they are ”not quite where we” want them to be.
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