Orsted CEO Mads Nipper said the offshore wind giant still expects to take a final investment decision (FID) this year on its Hornsea 3 North Sea mega-project amid turbulence in the UK offshore wind sector.

Nipper told reporters today (Thursday) as he discussed latest financial results that “we are confident of satisfactory returns despite some of the challenges” as it continues to build an investment case for Hornsea 3.