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Home » News » Wind Energy » Orsted Books €1.6B Impairment Charges Amid US Offshore Wind Delays and Higher Costs
Wind Energy

Orsted Books €1.6B Impairment Charges Amid US Offshore Wind Delays and Higher Costs

By James RichardJanuary 21, 20253 Mins Read
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Orsted has reported a series of impairments totaling €1.6 billion ($1.7 billion) for the fourth quarter of 2024, primarily due to construction delays and rising costs in its US offshore wind business. The charges include a €576 million ($635 million) hit related to the 924MW Sunrise Wind project, which is now expected to be commissioned

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Electric Electricity Offshore Orsted Wind
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