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Orsted Ices Wind Scheme in Blow to UK Renewables Push

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Danish offshore wind developer Orsted has shelved its planned Hornsea 4 wind farm in the UK North Sea, citing rising costs and risks. The cancellation is the latest setback for the company, which has seen its market value plunge by 80% since 2021.

Topics:
Renewable Electricity , Equity and Debt Markets, Capital Spending, Offshore Wind, Corporate Strategy, Policy and Regulation, Low-Carbon Policy
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