The Latest Breaking News from Orsted

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.

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.

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

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.

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

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

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

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

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.