Source: International Business Times
Orsted posed lower-than-expected sales in the first quarter AFP Danish renewables firm Orsted said Wednesday it was shelving plans to build a massive wind farm off the UK coast due to rising costs, dealing a setback to Britain's clean energy goals. The 2,400-megawatt Hornsea 4 project would have complemented two existing Orsted wind farms and a third under construction. But Orsted said in a statement that the project "has seen several adverse developments", including rising supply chain costs, higher interest rates and an increased risk in building it on the planned timeline.
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