Orsted Keeps Guidance as Europe Focus Drives Turnaround

Orsted A/S reaffirmed its earnings guidance for the year as the Danish utility doubles down on its European business.

The company is refocusing on its core strength — developing and building offshore wind farms closer to home, where the technology plays a central role in climate and energy security. Its expansion into the US over the past decade proved costly, resulting in significant losses and canceled projects.