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Ørsted competitor makes significant cuts to green investments

German RWE lowers its investment budget by 10 billion euros
Af MarketWire

The German energy company RWE, which competes with Ørsted in the offshore wind market, is making drastic cuts to future investments in green technology due to increasing uncertainties—particularly in the U.S.—which have led the company to tighten its risk management.

The company announced this in connection with its 2024 financial report, according to Bloomberg News.

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