Danish firm shelves huge UK windfarm project over rising costs

Orsted cancels fourth stage of Hornsea project off Yorkshire coast, which was set to include enough turbines to power 1m homes

The world's biggest wind power developer has cancelled plans for one of the UK's largest offshore windfarms in a significant blow to the government's green energy targets.

The Danish wind power company Orsted said the Hornsea 4 project no longer made economic sense because of soaring costs in the industry's global supply chain, after it won a government contract two years ago.