Energy

Danish wind energy titan Ørsted pitches investors a new vision after calamitous 2023

Ørsted abandoned US projects and dismissed two of its senior management team in a disastrous 12 months for the Danish renewables powerhouse

Ørsted, which will this week seek to win back investor approval, is a leader in both onshore and offshore wind energy projects. Picture: Blue Planet Studio

Ørsted, the Danish wind energy giant, is set to bring a new strategic vision to investors on Wednesday, as it seeks to regain momentum after a difficult last year during which it was forced into multibillion-dollar writedowns on US projects which were compounded by the dismissal of two top executives.

Just eight months after its last major update to shareholders, the firm will seek to make the case that supply-chain issues and soaring costs are ...