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30 April 2021 15:33 GMT Updated  30 April 2021 15:56 GMT A massive bill for cable repairs, entry to new markets, plans to join the floating wind party, and a place on a Time magazine list of corporate high-flyers – not exactly a dull week at Orsted. The global offshore wind market-leader took the industry by surprise when it revealed that cable-related damage at a number of its operating projects including at the UK’s Race Bank could ending up costing almost $500m – although the Dane insisted current developments underway won’t be affected. The cable issue dominated discussion of Orsted’s first-quarter results, which showed a 52% fall on one-off factors, but there was plenty else to chew on from the Danish group.

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