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Trump tariffs to have impact on cost of Orsted's US projects, CEO tells FT
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Trump tariffs to have impact on cost of Orsted's US projects, CEO tells FT
Apr 9, 2025 10:36 PM

April 10 (Reuters) - Denmark's Orsted would

have a "meaningful impact" on the cost of its projects in the

U.S. due to President Donald Trump's tariffs, CEO Rasmus Errboe

told the Financial Times in an interview published on Thursday.

Errboe told the newspaper that Revolution Wind and Sunrise

Wind, Orsted's two large wind projects in the U.S., would be hit

by the new tariffs on aluminum and steel.

The FT report added that Orsted also published a piece

calling for European capitals to commit to consistent annual

support for the industry to meet offshore wind targets and help

reverse rising costs.

Orsted did not immediately respond to a Reuters request for

comment.

In a stunning reversal, Trump earlier on Wednesday said he

would temporarily lower the hefty duties he had just imposed on

dozens of countries while further ramping up pressure on China.

Energy companies have slowed construction of offshore wind

farms in the U.S., specially since U.S. President Donald Trump

suspended new offshore wind leasing on his first day back in the

Oval Office in January.

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