Overview
- The company posted a net loss of 1.7 billion Danish kroner for July–September after recognizing roughly 1.8 billion kroner in impairments.
- Management reaffirmed full-year EBITDA guidance of 24–27 billion Danish kroner, excluding earnings from new partnerships and cancellation fees.
- Ørsted agreed to sell a 50% stake in the U.K.’s Hornsea 3 to Apollo Global Management in a transaction valued at about $6 billion.
- The developer recently raised about $9.35 billion through a rights issue and plans to cut roughly 2,000 jobs by the end of 2027 to bolster its balance sheet.
- News outlets report that U.S. actions have delayed offshore projects, including the fully permitted 704 MW Revolution Wind off Rhode Island and Connecticut.