Stephanie Francoeur

What do Orsted’s financial problems mean for Rhode Island’s stake in offshore wind?

BY: - September 8, 2023

Orsted A/S, the offshore wind developer anchoring Rhode Island’s place in the industry, is facing rough seas. The Danish wind giant said in an Aug. 29 announcement that it may write off $2.3 billion in its upcoming, third-quarter earnings. The warning, on the heels of the company’s  $87.8 million second-quarter loss, comes as supply chain […]