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The Guardian - UK
The Guardian - UK
Environment
Rob Davies

UNCOVERED: Orsted shares fall 25 after it reveals troubles in us business - Caught on Camera

Five wind turbines in the north Atlantic ocean
Ørsted Block Island, the US’s first commercial offshore windfarm Photograph: Bloomberg/Getty Images

Shares in the world’s largest offshore wind company have tumbled by nearly a quarter after it said it may have to write down the value of its US portfolio by nearly £2bn.

Ørsted said it had been hit by a flurry of setbacks in its American business, triggering a rapid sell-off in its shares, listed in Copenhagen.

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