Orsted is delaying construction and start-up at a U.S. offshore wind project, which resulted in impairment losses incurred for the second quarter of the year, the world’s biggest offshore wind project developer said on Thursday. Wind power developers warned earlier this year that last year’s challenges in the industry would continue in 2024, too. The wind industry, especially offshore wind, has been plagued by cost increases, rising interest rates, quality issues with turbines, and delays and cancelation of projects. In its half-year…
