Fluor Corp.’s built many complex structures but its first offshore wind farm project isn’t going well. Greater Gabbard project has faced weather and equipment problems. Related Links: Britain’s Huge Offshore Wind Farm Faces An Array of Challenges The Irving, Texas-based contractor will report quarterly earnings Nov. 4 and will take a $163-million write-off in its third-quarter earnings because of unexpected complications in building the 504-MW Greater Gabbard wind farm off the coast of England. The loss on the $1.8-billion, fixed-price contract with Scottish and Southern Energy plc means that the project will be unprofitable, says Avram Fisher, an analyst who
The 2016 Summer Olympics boating and swimming events have put an international spotlight on what has been a long-running problem in Rio de Janeiro—untreated sewage and trash are clogging up major bays and waterways.