The Danish wind developer Orsted announced a $4 billion impairment and canceled two offshore New Jersey wind projects.
Danish wind power developer Orsted announced a $4 billion write-down for the first nine months of the year and said it was canceling two off-shore wind projects that were planned off the coast of New Jersey.
Orsted CEO Mads Nipper said"significant adverse developments from supply chain challenges, leading to delays in the project schedule, and rising interest rates," were to blame for the project cancelations.that were planned off the coast of New Jersey and is taking a $4 billion impairment for the first nine months of the year, the company announced this week.
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