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Danish wind giant's abysmal 3 months have a lot to do with America, 'the most painful' part of its portfolio

Danish wind giant's abysmal 3 months have a lot to do with America, 'the most painful' part of its portfolio
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United States , New Jersey , Thomas Thune Andersen , Joe Biden , Jonathan Robinson , President Joe Biden , Mads Nipper ,

WindAction | Renewables posterchild Ørsted will struggle to restore its battered reputation

Falls from grace are especially painful for companies once celebrated as the gold standard. Danish wind developer Ørsted should know. The market value of this darling of the renewables sector soared to more than $82bn in 2021. It was held up as a model for how a former oil and gas specialist could transform itself. Ørsted’s worth has since withered, down to less than a third of that heady peak, after the company last year scrapped two US offshore wind projects and booked DKr28.4bn ($4bn) of impairments. ....

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Vineyard Wind begins sending energy to New England's grid

Wind power from south of Martha’s Vineyard was delivered to the New England grid late Tuesday night a step Governor Maura Healey hailed as “a historic moment for the American offshore wind industry.” ....

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