Ørsted Faces $1.7 Billion Setback Amid Rising Offshore Wind Project Costs

In a significant development within the renewable energy sector, Ørsted, the Danish energy giant, has announced a staggering financial impact of $1.7 billion due to soaring costs associated with its offshore wind projects. This revelation marks a notable shift in the company's financial outlook and raises important questions regarding the viability of such large-scale renewable energy initiatives.

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