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Denmark s Orsted anticipates $730 mln impact on US portfolio

Denmark s Orsted anticipates $730 mln impact on US portfolio
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Iberdrola sees no need to book impairments in offshore business

Iberdrola sees no need to book impairments in offshore business
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WindAction | Orsted plunges 20% on risk of $2 3 billion in US impairments

Denmark's Orsted (ORSTED.CO), the world's largest offshore wind farm developer, said on Wednesday it may see U.S. impairments of 16 billion Danish crowns ($2.3 billion) due to supply chain problems, soaring interest rates and a lack of new tax credits. Orsted's share price tumbled 20% to its lowest level in more than four years and is down almost 70% from its 2021 peak.

Orsted plunges 20% on risk of $2 3 billion in US impairments

General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain, September 5, 2018. REUTERS/Phil Noble/Fileā€¦

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