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CIP reassures investors following Ørsted's shock announcement

CIP’s experience, market insight and strong focus on minimizing risks means that its offshore wind projects are not affected by the same risks as Ørsted’s, according to CIP itself.
CIP's offshore wind projects in the US are not affected by the severe market situation in the same way as Ørsted's projects are, the manager writes in a letter to its investors. | Photo: Siemens Gamesa
CIP's offshore wind projects in the US are not affected by the severe market situation in the same way as Ørsted's projects are, the manager writes in a letter to its investors. | Photo: Siemens Gamesa
by VIKTOR BRANDT KÆRGAARD

Ørsted’s announcement that the energy company will have to write down its US offshore wind projects by up to DKK 16bn (EUR 2.14) has caused so much turmoil that Copenhagen Infrastructure Partners has found it necessary to send a reassuring letter to its investors, according to Danish media Inside Business.

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