Markets and finance

Orsted's value slashed as market reacts to stop order for $4bn project

Orsted CEO Rasmus Errboe took the top job at the Danish developer in January, replacing Mads Nipper, who departed after repeated setbacks in the company's US portfolio. The problems keep coming.
Orsted CEO Rasmus Errboe took the top job at the Danish developer in January, replacing Mads Nipper, who departed after repeated setbacks in the company's US portfolio. The problems keep coming.Photo: Orsted/Jason Alami
Published 25 August 2025, 07:09Updated 25 August 2025, 07:22
Orsted