European Energy Firms May Report Further Write-Downs on U.S. Offshore Wind Investments

Several European energy companies, including Denmark's Orsted, are expected to announce additional write-downs on their U.S. offshore wind investments, following recent impairments by BP and Equinor totaling $840 million. The challenges faced by these energy firms have raised concerns about the feasibility of U.S. offshore wind projects and their role in reducing carbon emissions and