Updated Nov. 1, 2023 5:11 am ET
Orsted booked a 28.4 billion Danish kroner ($4.02 billion) impairment charge in the third quarter related to its U.S. offshore wind portfolio and said it will stop development of two wind farm projects off the coast of New Jersey amid spiraling costs and supplier delays.
The news sent shares lower. At 0852 GMT shares traded down 21% at DKK268.
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