Copenhagen, Aug 13, 2026 (AFP) - Wind energy giant Orsted sees profit tumble on impairments

NAMPA / AFP

2026-08-13

Danish energy group Orsted reported Thursday a sharp decline in quarterly profit as the offshore wind power giant was weighed down by project write-downs in the United States. From April to June, net profit came to 848 million kroner ($131 million), down from 3.35 billion kronor a year earlier. Meanwhile revenue, driven by offshore wind projects, rose by 21 percent to 20.6 billion kroner. But opposition to wind power by the administration of US P......

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