Ørsted presses pause on 2.4GW Hornsea 4 offshore wind project 'in its current form'

Michael Holder
clock • 5 min read
Hornsea One Offshore Wind Farm / Credit: Orsted
Image:

Hornsea One Offshore Wind Farm / Credit: Orsted

Major blow to government's clean energy plans, as leading offshore wind developer shelves project over rising cost concerns

Ørsted is pausing plans for a huge 2.4GW offshore wind project off the east coast of the UK, citing a range of market pressures including rising supply chain costs, higher interest rates, and increased...

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

More on Wind

Offshore wind: Energy firms warn record new capacity needed in upcoming contract auction

Offshore wind: Energy firms warn record new capacity needed in upcoming contract auction

Pressure is mounting on the government to boost its offering for offshore wind developers if it is to ensure upcoming clean power contracts auction delivers sufficient capacity

Michael Holder
clock 14 May 2025 • 7 min read
North Sea floating offshore wind project tipped to create over 1,000 jobs

North Sea floating offshore wind project tipped to create over 1,000 jobs

New analysis from Cerulean Winds predicts 1GW Aspen project could generate £10.9bn investment over project lifetime and deliver £4bn Gross Value Added to the UK

James Murray
clock 12 May 2025 • 3 min read
Crown Estate confirms offshore wind Capacity Increase Programme

Crown Estate confirms offshore wind Capacity Increase Programme

Seabed owner approves plans to expand seven existing offshore wind farms to add 4.7GW of capacity

James Murray
clock 09 May 2025 • 2 min read