Post by : Badri Ariffin

Ørsted, the world’s largest offshore wind developer, reported a net loss of 1.7 billion Danish crowns (about $265.5 million) in the third quarter after U.S. trade measures and halted activity disrupted its operations.

The Danish energy group has seen its share price collapse roughly 85% from its 2021 peak, a decline driven by surging project expenses, supply-chain setbacks, growing political resistance and a renewed wave of protectionism in the United States.

A major setback came from Washington, where the Trump administration reintroduced tariffs on key renewable-energy components and paused licensing for new offshore wind projects. Those steps interrupted several of Ørsted’s U.S. developments, including the Revolution Wind project on the East Coast, which remains subject to a stop-work order.

Ørsted recorded impairment charges of 1.8 billion crowns during the quarter, attributing them to the higher U.S. tariffs and adverse effects from the stop-work order, while noting that lower interest rates provided a limited offset to the hit.

The outcome was slightly less severe than some feared. Analysts had pencilled in a wider loss of 1.95 billion crowns, and the company posted an EBITDA of 3.06 billion crowns—below consensus but indicative that its European portfolio continues to generate steady returns.

The results underscore the mounting challenges for the leading offshore wind developer as geopolitical shifts and financial pressures collide with global clean-energy ambitions.

#Global