Unfortunately, the offshore wind sector woes appear to be going nowhere. Back in July, Ørsted paid $110 million to Danish offshore wind services provider Cadeler (NYSE:CDLR) as compensation for the cancellation of the construction of a wind turbine installation vessel (WTIV) for the 2.4 GW Hornsea 4 offshore wind farm in the UK. In May, Ørsted announced the cancellation of the project, citing higher rates, rising supply chain costs and increased construction risks as some of the challenges. Ørsted was among ...