Orsted cuts FY EBITDA guidance owing to lower than normal wind speed

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Large transfer vessel Normand Jarstein standing by Orsted wind turbine farm Borkum Riffgrund 2. Wind turbines are in the row behind the ship. Sky is moody.

Orsted (OTCPK:DNNGY) cut its full-year 2025 earnings guidance due to lower-than-normal offshore wind speeds experienced in July and August.

The company estimates that this reduction in wind speeds will lower EBITDA by approximately DKK1.2 billion (about $187 million).

Additionally, a

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