Utility Dive•2 months ago
BofA upgrades Ørsted outlook, cites diminishing offshore wind risk from Trump
- •Bank of America has upgraded its outlook for Ørsted, a major offshore wind developer, citing significantly diminished risks for its U.S. projects.
- •The reduced risk is attributed to political factors, specifically a perceived decrease in negative impact from former President Trump on the offshore wind sector.
- •This positive re-evaluation suggests increased confidence and potentially easier financing for U.S. offshore wind developments.
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