Orsted pulls plug on Hornsea 4 windfarm, blaming a surge in challenges

One of the world’s largest wind farms just got axed – here’s why

Ørsted has canceled its massive Hornsea 4 offshore wind project, dealing a blow to UK climate goals and citing high costs and financial risk.

UK Net-Zero Goal at Risk as Ørsted Cancels Offshore Wind Project

There are growing doubts over the government’s ability to meet its net zero targets after the company behind one of Britain’s biggest-ever wind farms abruptly pulled the plug on the project, citing overwhelming cost pressures. Denmark-based Ørsted, which won the contract to develop the 2.4GW Hornsea 4 offshore windfarm last year, said it took the decision due to “supply chain costs, higher interest rates, and an increase in the risk to construct…

Ørsted Discontinues Planned UK Wind Farm Citing Costs and Interest Rates

Danish renewable energy giant Ørsted has decided to discontinue efforts on the fourth phase of a major UK offshore wind energy project, which comes a...

Orsted Cancels Hornsea 4 Wind Farm – and Kills Miliband’s ‘Clean Power 2030’ Agenda Dead

If we cannot rely upon either the capacity being delivered nor the price being honoured then the whole Allocation Round process has become a farce. It is time for Miliband to declare that his Clean Power 2030 plan is dead. It is no more, it has ceased to be, it’s expired and gone to meet its maker.

Orsted Halts Work on Giant UK Wind Farm Citing Rising Costs

The world’s largest offshore wind developer is discontinuing work on a giant UK project in its current form because of rising costs and the risk of delays. Orsted announced on May 7 that it is pulling out of its flagship 2.4-gigawatt (GW) Hornsea Project 4, which was granted a contract only last year. The news is a blow to UK Secretary of State for Energy and Climate Change Ed Miliband, who is pursuing a goal to decarbonize the whole economy, wh…

Energy company Orsted cited the deteriorating business environment and announced that it would suspend development of an offshore wind farm project planned for the UK.