Orsted Warns Offshore Wind Continues To Face Challenges

Despite posting consensus-beating core earnings for the first quarter, Orsted, the world’s biggest offshore wind project developer, on Wednesday warned of a continued challenging environment for the industry with mounting near-term headwinds. “The offshore wind industry is challenged in the short term with headwinds relating to supply chain, regulatory, and macroeconomic developments,” Orsted said in its Q1 results release today. “We are following the developments in the regulatory landscape closely and continuously assess…