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The Latest Breaking News from Orsted

One of world’s biggest windfarm developers to cut quarter of workforce

Ørsted plans to shrink company after Trump administration causes share price to plunge to all-time low

The Guardian - UK

Orsted slashing 2,000 roles globally by the end of 2027

The Danish firm said it was axing about a quarter of its 8,000-strong workforce, with plans to make around 500 staff redundant by the end of 2025.

Evening Standard

Ørsted shares jump after US court decision unblocks windmill project

A judge lifted the Trump administration’s pause on construction of a nearly complete offshore wind farm in New England, one of the Danish energy company’s flagship projects.

Euronews

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Federal judge lifts Trump administration's halt of offshore wind farm project that's nearly complete

A federal judge ruled Monday that a nearly complete offshore wind project halted by the administration can resume, dealing President Donald Trump a setback in his ongoing effort to restrict the U.S. offshore wind industry

The Independent UK

Ørsted sells shares at a deep discount as the firm urgently seeks capital

Danish offshore wind energy company Ørsted is facing financial uncertainty after the Trump administration derailed its US projects.

Euronews

Rhode Island and Connecticut sue over Trump administration’s wind farm halt

States claim Revolution Wind project was stopped illegally, threatening jobs, clean energy and billions in investments

The Guardian - US

Energy company Orsted sues Trump administration for stopping work on major offshore wind farm

The developer of an offshore wind farm that would power 350,000 homes in Rhode Island and Connecticut is suing the Trump administration for halting construction

The Independent UK

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Is Trump trying to engineer Greenland’s secession from Denmark?

Denmark has summoned US envoy over intelligence reports that US citizens covertly tried to influence Greenlanders.

Al Jazeera

Trump Tightens The Screws On This Clean Energy Giant, But Solar Stocks Shines Bright

As Trump clamps down on new energy, solar stocks are roaring higher in August's stock market.

Investors Business Daily

Ørsted sees shares plunge as US halts work on offshore wind farm

The world's biggest offshore wind farm developer Ørsted saw its shares dive into the double-digit losses as the company’s Revolution Wind project received a stop-work order from the US authorities. This comes at a testing moment for the company's finances.

Euronews

Ørsted shares at all-time low after Trump halts work on US windfarm

Shares drop by 17% after stop-work order on $1.5bn project off Rhode Island, which was 80% complete

The Guardian - UK

States vow to fight Trump official’s stop-work order on offshore wind farm

Rhode Island and Connecticut officials say project, slated to power 350,000 homes, is essential to their climate goals

The Guardian - US

Trump halts work on New England offshore wind project that's nearly complete

The Trump administration has halted construction on an offshore wind project near Rhode Island that is 80% complete

The Independent UK

Wind generator Ørsted blames Trump as shares sink to all-time low

Danish company makes $9bn cash call as it says business model has been derailed by US policies

The Guardian - UK

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The Conversation

Why wind farm developers are pulling out at the last minute

The UK government’s strategy for tackling climate change received a major blow in May when Danish developer Ørsted announced that adverse economic developments had halted its 2.4 gigawatt (GW) Hornsea 4 wind farm in the North Sea.

The Guardian - UK

Denmark rethinking 40-year nuclear power ban amid Europe-wide shift

Government to analyse potential benefits of new generation of reactors

The Guardian - UK

Potential role for Chinese firm in key UK windfarm attracts government scrutiny

Exclusive: Decision on whether to work with turbine maker being overseen by ministers after British Steel rescue

The Guardian - UK

Ill winds are blowing for Labour’s 2030 deadline for clean energy

Loss of the vast Hornsea 4 offshore wind project is bad news but it reveals a big flaw in setting a deadline

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International Business Times

Danish Firm Orsted Halts Huge UK Offshore Wind Farm Project

Danish renewables firm Orsted said Wednesday it was shelving plans to build a massive wind farm off the UK coast due to rising costs, dealing a setback to Britain's clean energy goals.

The Independent UK

Windfarm which could power 1 million UK homes scrapped over rising costs

Danish developer Orsted blamed rising supply chain costs and high interest rates for halting Hornsea 4, which could have powered one million homes.

Evening Standard

Work halted on huge windfarm in North Sea amid rising costs

Danish developer Orsted blamed rising supply chain costs and high interest rates for halting Hornsea 4, which could have powered one million homes.

The Guardian - UK

Danish firm shelves huge UK windfarm project over rising costs

Ørsted cancels fourth stage of Hornsea project off Yorkshire coast, which was set to include enough turbines to power 1m homes

The Conversation

How a community-focused vision for net zero can revive local economies

Across the world, the transition to a green economy is under threat. Growing antipathy towards the costs of tackling climate change, stoked especially by right-wing populists, undermines ambitions to reach net zero emissions by 2050.

The Guardian - UK

Equinor considers suing Trump administration over halted US windfarm

Norway’s state energy company’s $2.5bn project off coast of New York was almost a third finished

Fortune

Danish wind giant Orsted replaces its CEO with shares down 83% and Trump pressures looming

Orsted was in the fossil fuels business as "Danish Oil and Natural Gas" for much of its lifetime. It's renewable energy pivot is hurting in the U.S. now.

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