DNNGY - Offshore Wind - Time To Reconsider Ørsted As Share Price Drifts
- COVID is still messing with offshore wind opportunities in terms of personnel movements and supply chain delays and cost increases.
- This means all operators in this space are confronting delays and cost increases leading to short-term challenges. In the longer term, things look more promising than ever.
- Ørsted is less affected than the wind turbine manufacturers.
- There has been a short-term fall in power delivery, as a result of low winds, especially from North Sea producers. This is not seen as a long-term issue.
- Overall the prospects for offshore wind continue to expand, making this area worth watching for investment in the energy transition.
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Offshore Wind - Time To Reconsider Ørsted As Share Price Drifts