EBITDA excluding new partnerships increased by 3.8 billion and amounted to DKK 14.4 billion. Net profit amounted to DKK 15.3 billion, and return on capital employed (ROCE) came in at 24 %. We have increased our full-year EBITDA guidance with DKK 1 billion to DKK 21-23 billion excluding earnings from new partnerships during the year, … Continue reading Ørsted’s Board of Directors approved the interim report for the first nine months of 2022.
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Ørsted enters into agreement with Equinor on Norwegian gas for Denmark
Ørsted and Equinor have just signed an agreement under which Equinor will supply Norwegian gas to Denmark via Baltic Pipe. The agreement covers the period from 1 January 2023 to 1 April 2024, and the total volumes of gas supplied during the period will be approx. 8 TWh, corresponding to roughly a quarter of the expected … Continue reading Ørsted enters into agreement with Equinor on Norwegian gas for Denmark
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Ørsted and Copenhagen Infrastructure partners join forces to develop approx. 5.2 gigawatts of offshore wind in Denmark
Ørsted and Copenhagen Infrastructure Partners (CIP) have entered into a partnership to develop approx. 5.2 gigawatts of offshore wind in Denmark across four projects. The partnership can accelerate the green transformation greatly, create value in the offshore wind industry, strengthen value- and job creation, and create a Danish business and export stronghold within Power-to-X. Ørsted … Continue reading Ørsted and Copenhagen Infrastructure partners join forces to develop approx. 5.2 gigawatts of offshore wind in Denmark
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Ørsted partners with ECP in the company’s first-ever farm-down of onshore assets
Ørsted closed a transaction with Energy Capital Partners (ECP), a leading energy transition-focused investor, to divest a 50 % ownership stake in a portfolio consisting of three onshore wind farms and one solar farm in the US. The value of the transaction is approx. USD 410 million. The portfolio, comprised of the onshore wind farms … Continue reading Ørsted partners with ECP in the company’s first-ever farm-down of onshore assets
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Ørsted to implement new organisational structure and changes to executive management
To continue to drive growth under increasingly different local market requirements, while leveraging the synergies of a global organisation, Ørsted has decided to implement a new organisational structure and changes to executive management. The current corporate structure with a Commercial area and an Onshore business unit will be replaced by three regions: Europe, Americas, and … Continue reading Ørsted to implement new organisational structure and changes to executive management
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Danish authorities order Ørsted’s oil- and coal-fired power stations into operation
In order to ensure the security of the electricity supply in Denmark, the Danish authorities have decided to order Ørsted to continue and resume operations of three of its power station units which use oil and coal as fuel. This applies to unit 3 at Esbjerg Power Station and unit 4 at Studstrup Power Station, … Continue reading Danish authorities order Ørsted’s oil- and coal-fired power stations into operation
Continue readingØrsted comments on the high energy prices
Russia’s invasion of Ukraine and the curtailment in Russian gas supplies to Western Europe are the main reasons for the high energy prices in 2022. However, the surge in energy prices started already in 2021 due to the rapid growth in energy demand following the COVID-19 pandemic. In 2022, this was combined with poor weather … Continue reading Ørsted comments on the high energy prices
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Ørsted completes acquisition of German and French onshore wind platform Ostwind
Ørsted has today completed the acquisition of a 100 % equity interest in OSTWIND Erneuerbare Energien GmbH, OSTWINDpark Rotmainquelle GmbH & Co. KG, OSTWIND International S.A.S., and OSTWIND Engineering S.A.S. from OSTWIND AG, a holding company located in Regensburg, Germany. Ørsted has entered into an agreement with Ostwind, a German developer, owner, and operator of … Continue reading Ørsted completes acquisition of German and French onshore wind platform Ostwind
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Ørsted acquires its first solar project in Ireland
Ørsted has completed the acquisition of the Ballinrea solar PV project in Ireland from experienced renewable energy developer Terra Solar. The 65 MW solar project will be located in Cork, the second-largest city in Ireland, and will become Ørsted’s first solar project in the country. Ballinrea Solar Farm is expected to generate enough green energy … Continue reading Ørsted acquires its first solar project in Ireland
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Continued expansion in offshore and onshore wind energy
Today, Ørsted’s Board of Directors approved the interim report for the first half year of 2022. Operating profit (EBITDA) for the first half of the year amounted to DKK 13.0 billion, in line with the same period last year. EBITDA excluding new partnerships increased by 48 % to DKK 11.4 billion. Net profit amounted to DKK … Continue reading Continued expansion in offshore and onshore wind energy
Continue readingØrsted extends its 100% renewable electricity target to all suppliers
Ørsted has set a clear expectation towards all suppliers to use 100 % renewable electricity by 2025, becoming the first energy company in the world to do so. The commitment builds on learnings from Ørsted’s existing supply chain decarbonisation programme, first established in 2020, and supports the company’s industry-first science-based 2040 net-zero target. The company … Continue reading Ørsted extends its 100% renewable electricity target to all suppliers
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Ørsted inaugurates ‘Taiwan Offshore Wind Farms Operations and Maintenance Hub’
The O&M hub is the largest in Asia-Pacific in terms of service capacity and area, and it’s the first green-designed O&M facility in the region. Ørsted brings unparalleled operations expertise and full-scale O&M deployment of a Taiwanese operations team, customized service operation vessel and new-built facility. Mads Nipper, Group President and CEO of Ørsted (centre); … Continue reading Ørsted inaugurates ‘Taiwan Offshore Wind Farms Operations and Maintenance Hub’
Continue readingØrsted acquires German and French onshore wind platform Ostwind
Ørsted has entered into an agreement with Ostwind, a German developer, owner, and operator of onshore wind and solar PV projects in Germany and France, to acquire a 100 % equity interest in OSTWIND Erneuerbare Energien GmbH, OSTWINDpark Rotmainquelle GmbH & Co. KG, OSTWIND International S.A.S., and OSTWIND Engineering S.A.S. from OSTWIND AG, a holding … Continue reading Ørsted acquires German and French onshore wind platform Ostwind
Continue readingØrsted acquires German and French onshore wind platform Ostwind
Ørsted has entered into an agreement with Ostwind, a German developer, owner, and operator of onshore wind and solar PV projects in Germany and France, to acquire a 100 % equity interest in OSTWIND Erneuerbare Energien GmbH, OSTWINDpark Rotmainquelle GmbH & Co. KG, OSTWIND International S.A.S., and OSTWIND Engineering S.A.S. from OSTWIND AG, a holding … Continue reading Ørsted acquires German and French onshore wind platform Ostwind
Continue readingØrsted awarded contract for world’s single biggest offshore wind farm
The UK Department for Business, Energy and Industrial Strategy (BEIS) has awarded Ørsted a contract for difference for its Hornsea 3 offshore wind farm. The project was awarded at an inflation-indexed strike price of GBP 37.35 per MWh in 2012 prices. With a capacity of 2,852 MW, Hornsea 3 will produce enough low-cost, clean, renewable … Continue reading Ørsted awarded contract for world’s single biggest offshore wind farm
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Ørsted and DSV to test cargo drones at Anholt Offshore Wind Farm
Ørsted, the world-leading Danish energy company, and DSV, the global Danish transport and logistics company, will test long-distance drone transport of spare parts and tools in the Kattegat. Ørsted has the ambitious goal of becoming carbon-neutral by 2025 and is continually exploring new ways to ensure high wind farm availability and reduce carbon emissions from … Continue reading Ørsted and DSV to test cargo drones at Anholt Offshore Wind Farm
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3D-printed reefs to help restore marine biodiversity in the Kattegat in Denmark
Ørsted and the World Wide Fund for Nature (WWF Denmark) are testing how 3D-printed reefs can benefit biodiversity in the Kattegat, a strait between Denmark and Sweden, which is experiencing a historically low cod stock. This is the first time 3D-printed reefs are used in Danish waters, and they will complement existing boulder reefs that … Continue reading 3D-printed reefs to help restore marine biodiversity in the Kattegat in Denmark
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Ørsted commits to restoring the Humber’s biodiversity with pioneering project in the UK
Ørsted, the world’s most sustainable energy company, is partnering with Lincolnshire and Yorkshire Wildlife Trusts to help restore the biodiversity around the Humber, a large tidal estuary on the east coast of Northern England. The flagship project will invest more than GBP 2.5 million to restore parts of the Humber on an ambitious scale not … Continue reading Ørsted commits to restoring the Humber’s biodiversity with pioneering project in the UK
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French/German onshore power platform Ostwind
In response to media speculations, Ørsted confirms that it is in late-stage negotiations with Ostwind AG and the shareholders Gisela Wendling-Lenz, Ulrich Lenz, and Fabien Kayser regarding Ørsted’s potential acquisition of 100 % of OSTWIND Erneuerbare Energien GmbH, OSTWINDpark Rotmainquelle GmbH & Co. KG, OSTWIND International S.A.S., and OSTWIND Engineering S.A.S. There can be given … Continue reading French/German onshore power platform Ostwind
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Ørsted to capture and store 400,000 tonnes of carbon in 2025
From 2025, Ørsted will be capturing and storing 400,000 tonnes of carbon a year. The capture potential is based on Ørsted’s newest straw- and wood chip-fired combined heat and power (CHP) plants. Ørsted is planning to establish carbon capture at its wood chip-fired Asnæs Power Station in Kalundborg on western Zealand and at the Avedøre … Continue reading Ørsted to capture and store 400,000 tonnes of carbon in 2025
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