Offshore wind developer Orsted Q1 beats forecasts
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Orsted reported a Q1 operating profit of 8.6 billion Danish crowns, exceeding analyst expectations of 7.88 billion crowns. Despite this positive result, the offshore wind industry faces challenges, including supply chain issues and regulatory opposition, particularly in the U.S. The company's market value has dropped 80% since its 2021 peak due to cost inflation and disruptions.
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