Ørsted's push to delay its Revolution Wind project reflects the larger issues facing the offshore wind industry, including financial setbacks, construction delays, and leadership changes.
The company's struggle to maintain profitability amid rising costs blocks its expansion plans, as CEO Mads Nipper emphasizes better-than-expected earnings from existing windfarms amidst financial turmoil.
#offshore-wind-energy #financial-challenges #project-delays #corporate-restructuring #leadership-changes
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