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Danish firm Orsted halts huge UK offshore wind farm project
Danish firm Orsted halts huge UK offshore wind farm project
Economy
by  AFP

Danish renewables firm Orsted said Wednesday it was shelving plans to build a massive wind farm off the UK coast due to rising costs, dealing a setback to Britain's clean energy goals. But Orsted said in a statement that the project "has seen several adverse developments", including rising supply chain costs, higher interest rates and an increased risk in building it on the planned timeline.