Off shore wind leader Orsted reports improving earnings

Off shore wind has been having profit troubles caused by rising costs and long delays in project completion.

" Following a strategic review of its business, Orsted, which is 51%-owned by the Danish state, trimmed in February its investment and capacity targets, paused dividend payouts, and its finance and operations chiefs stepped down."

" Orsted, which operates and develops wind farms, said profit from offshore farms grew 18% to 6.93 billion crowns helped by higher wind speeds and a ramp-up of power generation at its Greater Changhua 1 and 2a farms in Taiwan, and South Fork off New York State."

de-risking the continued supply chain challenges

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