Ørsted Q1 profit drops 46% despite strong offshore wind output
Danish renewable energy company Ørsted reported mixed financial results for the first quarter of 2026, with higher renewable power generation and stronger operating earnings offset by impairment charges and tax-related impacts. The company’s net profit declined sharply even as offshore wind output reached record levels. Profit for the period fell 46% year-on-year to DKr2.62bn from…