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Story summary
- Orsted A/S shares have fallen 87% since early 2021, reaching a record low due to U.S. market challenges.
- ValueWorks LLC has increased its stake in Orsted, suggesting potential investor confidence amid difficulties.
- China plans to install 75% of new global offshore wind turbines this year, enhancing its market dominance.
- Chinese manufacturers are capturing market share with lower costs, while Western firms struggle with rising expenses.
- Ming Yang Smart Energy is expanding internationally to establish reliability in European markets.
