Orsted A/S to Announce Anticipated Impairments on its US Portfolio Call Transcript
Hello, and welcome to the Orsted Investor Call. My name is Alex and I'll be hosting the call today. (Operator Instructions) I'll now hand it over to your host, Mads Nipper, CEO, to begin. Please go ahead.
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Good morning, everyone, and thank you for joining this call. Yesterday evening, we announced the anticipation of an impairment to part of our U.S. portfolio on the back of a pre-FID review of our near-term U.S. offshore development projects. As part of this review, we have assessed the aggregate adverse impacts relating to our supply chain developments, net of favorable progress on our ITC guidance and interest rates increasing. Let me walk you through each of the respective developments.
On the supply chain challenges, we have seen several impacts by a handful of supplier delays materializing over the recent weeks which relates to our Ocean Wind 1, Sunrise and Revolution Wind projects. As there is an inherent risk
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