World’s Biggest Offshore-Wind Company Sees U.S. Projects Lagging

The long-awaited boom of America’s nascent offshore-wind industry may arrive even later than expected.

Orsted A/S, the world’s biggest offshore wind developer, expects four of its projects constituting about 2.8 gigawatts to be delayed beyond the expected 2023 and 2024 construction years, according to its interim financial report. Orsted’s explanation: it’s still waiting for clarity on the projects’ federal permitting process.

“We had expected to have received the notices of intent for the most progressed projects, but we can now see that will not happen before the election,” said Marianne Wiinholt, Orsted’s chief financial officer, on a ...