Orsted cuts investment & capacity targets, pauses dividends, and plans asset sales to recover from 28.4B DKK loss.

All sources indicate that leading offshore wind developer, Orsted, is reducing its investment and capacity targets after conducting a significant review. The company is cutting its investment and expenditure, pausing dividends for 2023-2025, and selling assets towards 2030. These measures follow last year's setbacks, which led to a 28.4 billion Danish kroner ($4.1 billion) loss.

February 07, 2024
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