'Leaner and more efficient': Ørsted announces job cuts and pulls back from key markets

Cecilia Keating
clock • 2 min read
Credit: Ørsted
Image:

Credit: Ørsted

Company revises down production target to 35-38GW as it announces plans to tighten spending

Offshore wind energy giant Ørsted has scaled back its development targets and announced hundreds of job cuts as financial turbulence continues to hit the offshore wind industry. The Copenhagen-listed...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Cecilia Keating
Author spotlight

Cecilia Keating

View profile
More from Cecilia Keating

We need the transition to a low-carbon economy to reverse historic injustices

Why the Women in Green Business Awards is more important than ever

More on Wind

Scotland floating wind project secures £150m investment
Wind

Scotland floating wind project secures £150m investment

Great British Energy, the UK's National Wealth Fund and the Scottish National Investment Bank each commit up to £50m towards development of 100MW Pentland floating wind farm

Amber Rolt
clock 20 November 2025 • 3 min read
'World beating record': Blustery day sees Britain's wind farms power 22 million homes
Wind

'World beating record': Blustery day sees Britain's wind farms power 22 million homes

Onshore and offshore wind turbines across the country provided almost 44 per cent of Britain's electricity on the evening of Remembrance Day

Michael Holder
Michael Holder
clock 20 November 2025 • 3 min read
ScottishPower Renewables repowers Scotland's first commercial wind farm
Wind

ScottishPower Renewables repowers Scotland's first commercial wind farm

Upgrade to Hagshaw Hill wind farm means site is capable of generating five times more power from half the number of turbines

Michael Holder
Michael Holder
clock 14 November 2025 • 2 min read