Orsted to Cut 25% of Staff as Prospects for Wind Power Diminish

Orsted, the Danish energy company, is facing significant challenges in the U.S. wind power market, leading to a decision to cut 25% of its workforce. This move comes as the company grapples with project delays, rising costs, and regulatory hurdles imposed by the Trump administration, which has halted construction on its Revolution Wind project in Connecticut. This situation highlights the difficulties renewable energy companies face in navigating political landscapes, and it raises concerns about the future of wind energy development in the U.S.