Ørsted shares dive after throwing out US wind projects
By Euronews with AFP
Danish renewable energy group Ørsted plummeted on the Copenhagen Stock Exchange on Wednesday, following the cancellation of a huge offshore wind farm project in the US and €3.8 billion in write-downs.
The company's stock was down 20.51% in a flat market at 10:00 (09:00 GMT).
During the night, Ørsted announced that it was abandoning the Ocean Wind 1 and 2 projects, two wind farms due to be installed off the coast of New Jersey.
In total, the two fields were to have a capacity of 2.248 gigawatts (GW), enough to power more than a million homes.
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