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Earnings Guidance Cut: Orsted has reduced its full-year earnings guidance due to lower-than-normal offshore wind speeds experienced in July and August.
Financial Impact: The company estimates that the reduced wind speeds will decrease earnings before interest, taxes, depreciation, and amortization by approximately 1.2 billion Danish kroner ($187.3 million), along with an additional impact of around 300 million kroner from construction delays at the Greater Changhua 2b offshore wind farm in Taiwan.
