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WindAction | Orsted Plunges on Abandoned US Wind Plans, $4 Billion Writedown

Orsted A/S shares slumped to their lowest level in six years after the Danish utility dropped two US wind projects and recorded 28.4 billion kroner ($4 billion) in impairments as the crisis in the wind industry worsens. The huge writedown is deeper than investors and analysts feared and just the latest in a string of bad news from an industry vital to slow global warming. Surging costs and rising interest rates have led to project delays and Germany’s Siemens Energy AG is in talks with the government to help shore up its balance sheet. ....

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Ørsted scraps US offshore wind farm projects after £3.3bn write-off

Fears over future of Hornsea 3 after Danish energy giant axes New Jersey development ....

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Wind Power Write-Downs Cast Shadow Over Industry Outlook

Wind Power Write-Downs Cast Shadow Over Industry Outlook
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MEED | Satorp produces sustainable aviation fuel

The Jubail plant has converted used cooking oil into an ISCC-certified saf ....

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European Shares Gain Ahead Of Inflation And GDP Data

(RTTNews) - European stocks advanced on Tuesday and regional bond yields dipped after France and the Netherlands reported falling inflation in Oct. ....

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