Denmark's Orsted , the world's largest offshore wind farm developer, said on Wednesday it may see U.S. impairments of 16 billion Danish crowns ($2.3 billion) due to supply chain problems, soaring interest rates and a lack of new tax credits.
, the world's largest offshore wind farm developer, said on Wednesday it may see U.S. impairments of 16 billion Danish crowns due to supply chain problems, soaring interest rates and a lack of new tax credits.
"The situation in U.S. offshore wind is severe," Chief Executive Mads Nipper told reporters on a conference call. Orsted said the company's discussions with "senior federal stakeholders" on obtaining more U.S. tax credits for its offshore wind projects had not progressed as expected, which in turn could lead to impairments of another 6 billion crowns.
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