{"id":8192,"date":"2023-11-01T16:34:56","date_gmt":"2023-11-01T16:34:56","guid":{"rendered":"https:\/\/infundpros.com\/markets\/shares-in-worlds-biggest-offshore-wind-developer-plunge-to-fresh-low-after-taking-4-billion-hit-on-u-s-projects\/"},"modified":"2023-11-01T16:34:57","modified_gmt":"2023-11-01T16:34:57","slug":"shares-in-worlds-biggest-offshore-wind-developer-plunge-to-fresh-low-after-taking-4-billion-hit-on-u-s-projects","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=8192","title":{"rendered":"Shares in world\u2019s biggest offshore wind developer plunge to fresh low after taking $4 billion hit on U.S. projects"},"content":{"rendered":"
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Shares in Denmark-listed \u00d8rsted plunged nearly 20% to their lowest in more than six years after the world\u2019s biggest offshore wind farm developer abandoned two U.S. projects and said it would take a 28.4 billion Danish crown ($4 billion) impairment charge.<\/p>\n

The green energy group DK:ORSTED said it was pulling out of the Ocean Wind 1 and 2 developments off the coast of New Jersey \u2014 and reviewing its U.S. portfolio \u2014 due to higher borrowing costs, supply chain delays and changes to its assumptions regarding construction permits…\n <\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares in Denmark-listed \u00d8rsted plunged nearly 20% to their lowest in more than six years after the world\u2019s biggest offshore wind farm…<\/p>\n","protected":false},"author":1,"featured_media":8193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-8192","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"yoast_head":"\nShares in world\u2019s biggest offshore wind developer plunge to fresh low after taking $4 billion hit on U.S. projects | inFundPros<\/title>\n<meta name=\"description\" content=\"Shares in Denmark-listed \u00d8rsted plunged nearly 20% to their lowest in more than six years after the world\u2019s biggest offshore wind farm developer abandoned\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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