Ørsted is under pressure in the US
Energy Watch|Louise Wendt Jensen|Jun 6, 2023
"In virtually all markets, we are optimistic that we can land within the level we have as a target. The USA is different right now, and this of course means that we give it an enormous amount of attention," says Daniel Lerup, Ørsted's finance director, to the newspaper.
"In virtually all markets, we are optimistic that we can land within the level we have as a target. The USA is different right now, and this of course means that we give it an enormous amount of attention," says Daniel Lerup, Ørsted's finance director, to the newspaper.
Inflation and rising interest rates are helping to push Ørsted's planned offshore wind farms off the American coast, Børsen writes.
High inflation, rising interest rates and bottlenecks in the supply chain join earlier problems such as US bureaucracy and delayed regulatory approvals in the series of challenges that Ørsted is grappling with to ensure a satisfactory return from the company's planned offshore wind farms in the US.
Børsen writes that .
"In virtually all markets, we are optimistic that we can land within the level we have as a target. The USA is different right now, and this of course means that we give it an enormous amount of attention," says Daniel Lerup, Ørsted's finance director, to the newspaper.
Daniel Lerup will not …
... more [truncated due to possible copyright]Inflation and rising interest rates are helping to push Ørsted's planned offshore wind farms off the American coast, Børsen writes.
High inflation, rising interest rates and bottlenecks in the supply chain join earlier problems such as US bureaucracy and delayed regulatory approvals in the series of challenges that Ørsted is grappling with to ensure a satisfactory return from the company's planned offshore wind farms in the US.
Børsen writes that .
"In virtually all markets, we are optimistic that we can land within the level we have as a target. The USA is different right now, and this of course means that we give it an enormous amount of attention," says Daniel Lerup, Ørsted's finance director, to the newspaper.
Daniel Lerup will not comment on whether some of the US offshore wind projects totaling almost 5 GW, which Ørsted has won the right to build in the US, are set to have a negative return. But he emphasizes to Børsen that Ørsted's portfolio of projects in the US is still value-creating, even if they are not "where we would like them to be".