Wind Power Write-Downs Cast Shadow Over Industry Outlook

📆 17/04/45 11:08 م
📰 WSJ

⏱ Reading Time:
36 sec. here
2 min. at publisher
📊 Quality Score:
News: 18%
Publisher: 63%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Orsted is the latest renewable-energy company to book an impairment, with a $4 billion charge against its U.S. offshore portfolio

A wave of impairments is sweeping through the U.S. wind-energy sector amid high interest rates, inflation and supply-chain woes, forcing developers to put off projects and casting doubts over the industry’s outlook.

The decision came a week before legislative elections in New Jersey, where wind turbines have become a top target for Republicans against Democratic Gov. Phil Murphy’s plan to have 100% of the state’s power coming from renewables by 2035. Earlier this week, BP booked a $540 million pretax impairment charge on three wind projects off the coast of New York afterto renegotiate power-purchase terms to reflect inflationary pressures and permitting delays. Equinor, BP’s partner on the Empire Wind and Beacon Wind projects, booked an impairment of around $300 million on its U.S. portfolio. The companies said they are assessing the impact of the regulators’ decision on their future development plans.

اكتب تعليق

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Wind industry deals with blowback from Orsted scrapping 2 wind power projects in New JerseyWind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry.
مصدر: wjxt4 - 🏆 246. / 63 اقرأ أكثر »