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Orsted Abandons US Offshore Wind Contract
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Orsted, a major player in the offshore wind industry, has withdrawn from a 1 GW contract for a wind farm in Maryland, citing unfavorable market conditions. This decision raises concerns about the future of the US offshore wind industry.
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How might Orsted's withdrawal from the Maryland offshore wind farm contract impact the company's reputation and future projects?
In what ways could this event influence the global offshore wind industry and its investment prospects?
What measures could be taken to address the unfavorable market conditions affecting the US offshore wind industry?
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