Woof, the news just keeps getting grimmer and grimmer for Danish offshore energy behemoth Ørsted…and it’s great.
Thanks to a heads-up this morning from HotAir regular John Clark, I have had an encouraging time digging into what’s looking damn near like a collapse of one of the biggest names in the wind farm business. It bodes some serious ill for the entire sector.
You all know from reading my posts that Ørsted has had a miserable twelve months, thanks to a number of circumstances. Most of them stem from contracts agreed to based on overconfidence in continued government largesse, cheap financing, low inflation, and uninterrupted supply chains. As you well know, all of those came apart this year.
While inflation has mitigated somewhat, thanks to Ukraine, lingering effects of the pandemic, the Panama drought, and recently the Middle East, supply chain issues are a constant thorn…
