Wind power giants buffeted by write-downs and losses 

Orsted, the world's biggest offshore wind project developer which also has major projects in Ireland, has announced job cuts following a review

The wind energy industry faces losses and delays.

The world's three biggest wind power groups — Siemens Energy, Orsted, and Vestas — have given a sober view of the year ahead for an industry buffeted by project delays, equipment problems, and inflation.

Siemens Energy, the world's largest maker of offshore wind turbines, expects a 2024 loss before special items of around €2bn at Siemens Gamesa. The wind division has had to deal with the cost of addressing quality problems affecting some onshore models.