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Challenges for Ørsted in the U.S. Market and the Crisis in Wind Power
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Ørsted, a Danish wind-power company, is facing challenges in the U.S. market, with canceled wind farm projects and a pricing dispute in New York. The company's stock has plunged, and it is considering cutting dividends or issuing stock to shore up its balance sheet. The crisis in the wind power industry is impacting the U.S. market, leading to a potential rebound in prices planned for upcoming projects.
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How can Ørsted overcome the challenges in the U.S. market?
What are the implications of Orsted's withdrawal from the offshore wind project partnership in Norway?
What are the potential consequences of the crisis in the wind power industry?
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