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