Ørsted A/S (<a href="https://www.nasdaq.com/european-market-activity/shares/orsted?id=CSE122544" target="_blank">CPH:ORSTED</a>) on Wednesday said it delivered solid operational results in the first quarter of 2025, while also announcing a decision to <a href="https://renewablesnow.com/news/rsted-drops-hornsea-4-as-rising-costs-jeopardise-value-creation-1274820/" target="_blank">discontinue the Hornsea 4 project</a> in the UK in its current form due to deteriorating project economics.