Choppy WatersI have been reading about Orsted. Phrases like "overhedging and ineffective hedges" contributed to their recent financial losses.
Writedown of windfarm assets in New York, area as higher costs, prompting changes to its earning projections.
Increasing interest rates and inflationary pressures forcing the company to renegotiate energy supply contracts signed a few years ago under different assumptions.
It's not only headwinds, but choppy waters all offshore windfarm developers will have to contend with. I guess it's part of the business. I hope Northland can navigate the choppy waters.