Orsted of Denmark and Equinor of Norway tap the brakes on offshore wind development after setbacks and market shifts.

Rasmus Errboe, the new chief executive of the Danish offshore wind developer Orsted, sounded as if he had inherited a mess as he explained a 25 percent paring of the company’s investment plans on Thursday.

Over the past two years, Orsted has backed away from some huge wind projects it planned to build off the East Coast of the United States, notably off New Jersey, because of delays, inflation and higher interest rates.

Now, President Trump’s aversion to offshore wind farms threatens to complicate the two big projects off New York and Rhode Island that Orsted says it is still committed to completing.

“We are working relentlessly to minimize the risks given the market conditions and the economic climate,” Mr. Errboe said. “I’m not able to hand out any guarantees.”

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