By Reuters Staff
(Adds CFO comment, more analyst comment)
COPENHAGEN, Dec 2 (Reuters) - Shares in energy group Orsted fell more than 4% on Wednesday after the Danish authorities claimed 6.6 billion Danish crowns ($1.07 billion) in taxes relating to the development of two British wind farms.
The claim relates to British offshore wind farms Walney Extension and Hornsea 1 in the tax years 2015 and 2016 could set a “dangerous precedent”, analysts said.
Orsted said late on Tuesday the Danish Tax Authority had claimed of 5.1 billion crowns plus interest totalling 1.5 billion crowns to account for the full future value of the two wind farms even though they were developed, owned, and operated by British subsidiaries and are already taxed in the UK.