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Wind Power Takes $5.6 Billion Hit in the U.S. as Ørsted Scraps Two Projects

Wind Power Takes $5.6 Billion Hit in the U.S. as Ørsted Scraps Two Projects

Multinational energy company Ørsted has stopped development on two offshore wind projects in the U.S., saying impairments related to the projects could be as high as $5.58 billion, reported Reuters. The 2,248-megawatt projects, Ocean Wind 1 and 2, are located in New Jersey. Stock for Danish firm Ørs

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