World’s largest offshore wind farm maker Orsted takes fresh $1.7 billion write-down in the US as its Trump nightmare begins
Danish offshore wind giant Orsted faced a fresh stock market hammering on Tuesday after the group announced a new billion-dollar impairment charge on the same day its foe Donald Trump ascended to the White House. Shares plunged as much as 17% in early morning trading after the group disclosed an impairment of 12.1 billion Danish kroner ($1.69 billion) in the fourth quarter of 2024 as rising interest rates and falling wind farm valuations hit the company’s portfolio.
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