“We have to reduce our costs for the development, construction and operation of offshore wind farms in order to strengthen our competitiveness,” said CEO Rasmus Errboe, explaining the job cuts. Only on Monday, Örsted announced that in view of the difficulties on the US market, the group had raised $9.4 billion (around €8.1 billion) in additional funds as part of a capital increase.
In September, a US court ruled that Örsted was allowed to continue building a nearly completed wind farm project off the coast of the US state of Rhode Island after US President Donald Trump’s government stopped the project in August. However, shortly after returning to the White House for a second term in January, Trump signed a series of executive orders that largely halted the wind energy sector in the United States.
In the future, Örsted, which is 50.1 percent owned by the Danish state, now wants to focus more on its development in Europe and the Asian markets. “We are determined to maintain our position as a market leader in offshore wind energy and we must ensure that offshore wind energy becomes a key element of Europe’s future energy mix and green transition,” explained Errboe.
