Offshore earnings lift Orsted Q1 profit
- Admin
- May 2, 2024
- 1 min read
Orsted reported an increase in operating profit for the first quarter, driven by higher earnings from offshore sites, especially due to the Greater Changhua and South Fork projects. The company also faced some issues with Hornsea 1 but expects resolution in Q2. Orsted divested shares in four US onshore wind farms to Stonepeak and signed a deal to sell French onshore wind and solar assets to ENGIE.
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