Ørsted has recorded a fourth-quarter 2025 impairment of almost €80m related to recent stop-work orders affecting its two US offshore wind projects, Sunrise Wind and Revolution Wind.
Chief executive Rasmus Errboe told reporters the shutdown cost the company around €1.1m per day at the 924MW Sunrise Wind project, and roughly half that amount per day on Ørsted’s share of the 704MW Revolution Wind.
Ørsted owns 50% of Revolution Wind, with the remaining stake held by Skyborn Renewables.
Both projects have since resumed offshore construction after securing court injunctions that blocked enforcement of shutdown orders issued by US president Donald Trump. Errboe said he was “satisfied” with the court rulings in both cases.
The Q4 impairment follows a €200m charge booked in the third quarter after an August 2025 stop-work order, which was later lifted by a US federal district court judge. In total, Ørsted posted net impairment losses of €480m for 2025.
Sunrise Wind is now around 45% complete, with 44 of 84 turbine foundations installed, and remains on track for commercial operation in the second half of 2027.
Revolution Wind has reached 87% completion, with 58 of its 65 Siemens Gamesa turbines installed. The project is expected to deliver first power in the coming weeks and achieve full commercial operation in the second half of this year, Errboe said.
