BofA’s decision is based on Orsted’s strategic focus on completing ongoing projects and improving its capital structure, which is expected to result in lower earnings and dividends.

Orsted AS (DNNGY) reports an 18% increase in EBITDA, while navigating supply chain issues and regulatory uncertainties.

Orsted will no longer build a major offshore wind farm in Britain, it said on Wednesday, citing a deteriorating global business environment for renewables and dealing a blow to UK ambitions to ...

Danish renewable-energy company Orsted said it would discontinue its Hornsea 4 offshore wind project in the U.K. due to rising costs, warning that the closure would hurt earnings this year.

His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved amendments to the job grade structure in the Sharjah Government. This includes the ...

Orsted found that the supply chain was heavily constrained in delivering a single one-off offshore structure, with the limited availability of designers, fabrication slots, transport and installation ...

The new CEO earlier in February slashed investment plans by 25% and further reduced Orsted’s renewable energy targets to underpin a capital structure able to support “a solid investment grade credit ...

This statement comes as Ørsted adjusts its business plan to strengthen its capital structure, including a 25% reduction in planned investments by 2030. The company aims to focus on completing existing ...

Ørsted A/S (OTCPK:DNNGY) Q4 2024 Results Conference Call February 6, 2025 8:00 AM ET Company Participants Rasmus Errboe - President & CEO Trond Westlie - EVP & CFO Conference Call Participants ...

Reduced Spending at Orsted In the fourth quarter of 2024 Equinor raised its stake in Denmark’s state-backed renewables major Orsted to 10 percent after purchasing an initial 9.8 percent.

Ørsted’s board of directors has approved significant adjustments to the company’s business plan and what it described as “focused capital allocation to strengthen the capital structure” The company ...

DJ Ørsted adjusts its business plan to strengthen the capital structure through a disciplined, value-focused capital allocation with a reduced investment programme Ørsted A/S (Orsted) Ørsted ...