Ørsted has lowered its financial outlook for the current year, citing lower wind speeds and a project delay in China. The energy company announced the revised forecast in a stock exchange statement, coinciding with a pivotal extraordinary general meeting to decide on a significant capital expansion.

The company now anticipates earnings before interest, taxes, depreciation, and amortization (EBITDA) to fall between DKK 24 billion and DKK 27 billion. This is a decrease from the previous estimate of DKK 25 billion to DKK 28 billion.

The primary reasons for this adjustment are weaker than anticipated wind conditions and the postponement of a project located in China.

Ørsted maintains that these factors are not expected to have a lasting impact on the company’s financial performance in the medium to long term.