Danish renewable firm Orsted replaces CEO amid financial struggles and project setbacks.

Danish renewable energy firm Orsted, facing financial challenges including declining share prices and significant project cancellations, has replaced CEO Mads Nipper with Rasmus Errboe. The company attributed its difficulties to rising costs, supply chain issues, and regulatory hurdles, especially in the US market. Orsted, developing the world's largest offshore wind farm, aims to rebound under new leadership.

2 months ago
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