Offshore Wind Developer Orsted Slashes 2030 Investment Program by 25 Percent

Orsted said it was taking measures to shore up its finances in a challenging market.
Offshore Wind Developer Orsted Slashes 2030 Investment Program by 25 Percent
Turbines at Orsted's offshore wind farm near Nysted, Denmark, on Sept. 4, 2023. Tom Little/Reuters
Owen Evans
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Denmark’s Orsted, the world’s biggest offshore wind developer, is cutting its 2030 investment program by 25 percent as the industry grapples with rising costs and supply chain issues, the company stated on Feb. 5.

Orsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants.

Owen Evans
Owen Evans
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Owen Evans is a UK-based journalist covering a wide range of national stories, with a particular interest in civil liberties and free speech.