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Europe s Wind Energy Giants Brace For Massive Losses And Writedowns

As Wind Industry Struggles, Investors Brace for Orsted Losses - Governors Wind Energy Coalition

As Wind Industry Struggles, Investors Brace for Orsted Losses - Governors Wind Energy Coalition
governorswindenergycoalition.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from governorswindenergycoalition.org Daily Mail and Mail on Sunday newspapers.

As Wind Industry Struggles, Investors Brace for Orsted Losses

As Wind Industry Struggles, Investors Brace for Orsted Losses
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WindAction | As wind industry struggles, investors brace for Orsted losses

Reflecting the warnings that stem from supply chain snarls and a failed bid to seek more profitable contracts with New York regulators, the average analyst estimate pegs adjusted net income for the third quarter at a loss of 12 billion kroner. That would be the worst quarterly loss since 2015 when the company was called Dong Energy A/S and focused more on fossil fuels and conventional electricity. The results from the world’s biggest builder of offshore wind parks are poised to be next in a string of bad news from an industry vital to slow global warming.

As Wind Industry Struggles, Investors Brace for Orsted Losses

As Wind Industry Struggles, Investors Brace for Orsted Losses
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