Ørsted, the world's largest offshore wind developer, has announced it is slashing investment in offshore wind by 25%.

New CEO R. Errboe reshapes strategy to further strengthen the balance sheet EARNINGS/SALES RELEASES In line with the guidance ...

Orsted of Denmark and Equinor of Norway tap the brakes on offshore wind development after setbacks and market shifts.

Orsted guided for slightly higher earnings this year, a day after it slashed spending plans for the coming few years to shore up its balance sheet.

Danish offshore wind power giant Orsted said Thursday it would downsize investments as it reported a small net profit for ...

Danish energy company Orsted, a worldwide leader in offshore wind, has replaced its CEO, who began offshore wind projects in the United States that have mostly stalled.

The Danish renewable-energy company expects earnings before interest, taxes, depreciation and amortization excluding new partnerships and cancellation fees at between 25 billion and 28 billion kroner ...

Ørsted said it is cutting its investment program to 2030 by 25%, as the offshore wind industry struggles with rising costs ...

On his first day in the Oval Office, President Donald Trump signed an executive order that attempts to slow the growth in the ...

With Monday’s confirmation of energy executive Chris Wright to serve as secretary of Energy, President Donald Trump now has ...

CEO and group president Mads Nipper has been replaced by the company just ahead of the release of the company's 2024 annual ...

The chief executive officer of Danish energy company Ørsted, Mads Nipper, is stepping down from his position as group ...