Orsted swings to quarterly net loss amid Trump’s offshore wind battle
A turbine blade is lifted onto a rack near tower sections at the Revolution Wind project assembly site at State Pier on Friday, October 24, 2025 in New London, Connecticut, United States.
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Danish renewable energy giant Orsted on Wednesday reported a quarterly net loss as the beleaguered company continues to struggle with U.S. President Donald Trump’s anti-wind policies.
The world’s largest offshore wind farm group sent There was a net loss of 1.7 billion Danish kroner ($261.8 million) in the July-September period. The result, which was slightly better than analysts had feared, was significantly lower than the 5.17 billion Danish kroner achieved in the same period last year.
Orsted reported impairment costs of approximately DKK 1.8 billion in the third quarter.
However, the company reiterated its annual earnings before interest, tax, depreciation and amortization (EBITDA) forecast of 24-27 billion Danish kroner, excluding gains from new partnerships and cancellation fees.
Comes shortly after the company announced It has reached an agreement to sell a 50% stake in the Hornsea 3 offshore wind farm in the UK to Apollo Global Management in a deal valued at $6 billion.
“I am pleased with the good progress across our entire construction portfolio and our solid operational performance,” Orsted CEO Rasmus Errboe said in a statement. he said.
“Our main focus is to continue executing our business plan that will ensure Ørsted remains a global leader in offshore wind, establishing a strong foothold in Europe,” he added.
Orsted shares rose 1.2% on Wednesday morning. Its stock price has fallen sharply this year as a result of concerted efforts by the White House to halt some ongoing development and suspend new licenses.
