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Home » News » Wind Energy » EDP Renewables Books €133 Million Impairment for US Offshore Wind Project Delays
Wind Energy

EDP Renewables Books €133 Million Impairment for US Offshore Wind Project Delays

By Willow SnyderFebruary 28, 20252 Mins Read
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EDP Renewables' subsidiary, Ocean Winds, has recorded a €133 million impairment on its US offshore wind business, reflecting potential delays to the 2.4GW SouthCoast Wind project off the coast of Massachusetts. The impairment accounts for a possible four-year delay in the project's development. The delay scenario is considered a "worst-case" scenario, according to EDP Renewables

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