Thursday, May 08, 2025

World' largest wind farm producer Danish Orsted cancels major UK wind project Hornsea 4 as economics worsen

Good news! Windmill farms are such an eyesore whether onland of offshore! They kill tons of birds, bats, and insects, but where are the animal rights activists when you need them!

Our ancestors abandoned wind power for a reason! However, at the end of the 20th century human fools rushed in and cashed out on the revival of wind power! What an irony of history!

"Orsted (ORSTED.CO), opens new tab will no longer build a major offshore wind farm in Britain, it said on Wednesday, citing a deteriorating global business environment for renewables and dealing a blow to UK ambitions to decarbonise its energy supplies.

The Danish company's market value has fallen by around 80% from its 2021 peak as costs have risen, supply chains have been disrupted and U.S. President Donald Trump's opposition to offshore wind has sapped investor confidence. ...

Orsted said cancelling Hornsea 4, one of the world's largest offshore wind farms, would cost it up to 5.5 billion Danish crowns ($837.85 million) in the form of breakaway fees and write-downs, but that the value it would create had fallen. ..."

Orsted cancels major UK wind project as economics worsen | Reuters




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