Tag Archives: project discontinuation

Ørsted Halts Hornsea 4 Offshore Wind Project in the UK Due to Rising Costs and Increased Risks

(IN BRIEF) Ørsted has decided to discontinue the Hornsea 4 offshore wind project due to increased costs, higher interest rates, and elevated risks, making the project’s current execution untenable. The company plans to explore alternative options for the project while … Read the full press release