Orsted on Wednesday sent new shockwaves through the global offshore wind industry when it cancelled its giant New Jersey projects and unveiled a big quarterly loss fueled by a $4bn impairment against the US developments.
The news had followed a steady drumbeat of losses and project cancellations, including BP’s reported $540m impairment charge on its 3.2GW of New York capacity with Equinor that led its green energy head Anja-Isabel Dotzenrath, to declare the US industry “fundamentally broken”.
