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Home » Finance » Fitch Ratings Shifts Outlook for Ørsted to Negative Amidst Challenges in US Offshore Wind Ventures
Finance

Fitch Ratings Shifts Outlook for Ørsted to Negative Amidst Challenges in US Offshore Wind Ventures

By Don PadillaNovember 4, 20232 Mins Read
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Credit: Orsted
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Fitch Ratings has revised its outlook for Danish clean energy company Ørsted from stable to negative, citing adverse developments in its US offshore wind projects. The shift in outlook is primarily attributed to the unexpected challenges and disproportionate cancellation fees associated with the Ocean Wind 1 project. Fitch Ratings has affirmed Ørsted's long-term issuer default

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Previous ArticleDominion Energy Progresses in Search for Co-Investors in Offshore Wind Project
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