2020 Formula Regional Americas Championship

Ørsted announces anticipated impairments on its US portfolio, continues to progress projects

Retrieved on: 
Tuesday, August 29, 2023
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The Ocean Wind 1, Sunrise Wind, and Revolution Wind projects are adversely impacted by a handful of supplier delays.

Key Points: 
  • The Ocean Wind 1, Sunrise Wind, and Revolution Wind projects are adversely impacted by a handful of supplier delays.
  • Ørsted has concluded that there is a continuously increasing risk in these suppliers’ ability to deliver on their commitments and contracted schedules.
  • These impacts will lead to impairments of up to DKK 5 billion, assuming no further adverse developments in the supply chains on these projects.
  • Furthermore, the US long-dated interest rates have increased, which affect our US offshore projects and certain onshore projects.

Notification of managers’ transactions

Retrieved on: 
Tuesday, August 22, 2023
Executive, A/S, PDF, 2020 Formula Regional Americas Championship, Person, Management, Cryptocurrency

Ørsted A/S has received the enclosed notification pursuant to Article 19 of EU Regulation no.

Key Points: 
  • Ørsted A/S has received the enclosed notification pursuant to Article 19 of EU Regulation no.
  • 596/2014 of transactions related to shares in Ørsted A/S made by persons discharging managerial responsibilities in Ørsted A/S and/or persons closely associated with them.
  • See the transactions of Executive Vice President and CEO of Region Americas David Hardy in the attached PDF document.

EQS-News: KSB continues its positive development in the first half of the year

Retrieved on: 
Thursday, August 3, 2023
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FRANKENTHAL: The Frankenthal-based pump and valve manufacturer KSB continued to expand its order intake, sales revenue and earnings (EBIT) in the first half of 2023.

Key Points: 
  • FRANKENTHAL: The Frankenthal-based pump and valve manufacturer KSB continued to expand its order intake, sales revenue and earnings (EBIT) in the first half of 2023.
  • “Despite the global economic uncertainties, we have concluded a very positive first half of the year and exceeded expectations for all relevant key performance indicators.
  • KSB recorded order intake of € 1,608.7 million in the first half of the year.
  • The Valves Segment contributed 14.9 % (+ € 23.8 million) to sales revenue for the first half of the year.

Ørsted to acquire Eversource share of uncontracted offshore wind seabed

Retrieved on: 
Saturday, May 27, 2023
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Ørsted has signed an agreement to acquire Eversource Energy’s 50 % interest in the uncontracted federal offshore wind lease area currently owned jointly by the two companies.

Key Points: 
  • Ørsted has signed an agreement to acquire Eversource Energy’s 50 % interest in the uncontracted federal offshore wind lease area currently owned jointly by the two companies.
  • The lease area, identified as Lease Area OCS-A 500 (Lease 500), contains approximately 187,000 acres of uncontracted seabed for offshore wind energy and has a potential capacity of up to 4 GW.
  • Eversource announced last year it was reviewing its offshore wind energy portfolio and considering whether to sell related assets.
  • In addition to the agreement with Ørsted to sell its uncontracted seabed and other interests, Eversource determined that it is in the best long-term interest of the company to pursue the sale of its existing 50 % interest in its three jointly owned contracted offshore wind projects (South Fork Wind, Revolution Wind and Sunrise Wind).

Barilla Appoints Melissa Tendick to President, Region Americas, Barilla Group

Retrieved on: 
Thursday, May 25, 2023
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Melissa Tendick, Vice President, Marketing, Barilla Americas, will assume the role of President Region Americas, beginning June 1, 2023.

Key Points: 
  • Melissa Tendick, Vice President, Marketing, Barilla Americas, will assume the role of President Region Americas, beginning June 1, 2023.
  • "I'm extremely delighted to enter into my new role at Barilla," said Melissa Tendick, incoming President Region Americas.
  • "Leading Barilla in the Americas for the past decade has been a true honor," said Jean-Pierre Comte, outgoing President Region Americas.
  • "Throughout my time with Barilla, Melissa has been a trusted advisor and has demonstrated proven success across the markets.

EQS-News: KSB SE & Co. KGaA: Press release Q1 / 2023

Retrieved on: 
Friday, April 28, 2023
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FRANKENTHAL: The pump and valve manufacturer KSB based in Frankenthal has started the new financial year with a significant increase in order intake and sales revenue.

Key Points: 
  • FRANKENTHAL: The pump and valve manufacturer KSB based in Frankenthal has started the new financial year with a significant increase in order intake and sales revenue.
  • The excellent sales revenue performance led to a significant improvement in earnings (EBIT) compared with the same prior-year period.
  • In the first quarter of 2023, KSB increased its order intake by 12.6 % (+ € 96.3 million) to € 859 million.
  • Thus, KSB SupremeServ contributed 23.0 % growth to the quarterly sales revenue, followed by the Pumps (+ 20.5 %) and Valves (+ 9.3 %) Segments.

EQS-News: KSB SE & Co. KGaA: KSB continues its successful course in the 2022 financial year

Retrieved on: 
Thursday, March 23, 2023
Mining, Workforce, News, 2020 Formula Regional Americas Championship, Investment, Marketing, Annual, Segment, COVID-19, Water, Aggression, Energy, EBIT, Frankenthal, Region, General Industrial Union of Furniture Makers and Woodworkers, Valve, KSB, Management, Growth, Security (finance), Pharmaceutical industry, Renewable energy, Pump

FRANKENTHAL: The Frankenthal-based pump and valve manufacturer KSB continues on its growth course despite numerous challenges in the 2022 financial year.

Key Points: 
  • FRANKENTHAL: The Frankenthal-based pump and valve manufacturer KSB continues on its growth course despite numerous challenges in the 2022 financial year.
  • “In addition to production stoppages, we experienced massive cost increases and unpredictable disruptions in the logistics chains,” reports CEO Dr Stephan Timmermann.
  • KSB invested around € 122 million in sustainability, capacity expansion, digitalisation and productivity improvements in the 2022 financial year.
  • With a workforce of around 15,700, the KSB Group generated sales revenue of € 2.6 billion in 2022.

Notification of managers’ transactions

Retrieved on: 
Wednesday, February 22, 2023
2020 Formula Regional Americas Championship, A/S, PDF, Person, Executive

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Ørsted A/S has received the enclosed notification pursuant to Article 19 of EU Regulation no.
  • 596/2014 of transactions related to shares in Ørsted A/S made by persons discharging managerial responsibilities in Ørsted A/S and/or persons closely associated with them.
  • See the transactions of Executive Vice President and CEO of Region Americas David Hardy in the attached PDF document.

Ørsted to acquire PSEG’s equity share in Ocean Wind 1

Retrieved on: 
Thursday, February 2, 2023
PSEG, 2020 Formula Regional Americas Championship, Public Service Enterprise Group, Wind, Senior, Acquisition, Investment, Renewable energy

Ørsted has signed an agreement to acquire Public Service Enterprise Group’s (PSEG) 25 % equity stake in the 1,100 MW offshore wind energy project Ocean Wind 1 located approx.

Key Points: 
  • Ørsted has signed an agreement to acquire Public Service Enterprise Group’s (PSEG) 25 % equity stake in the 1,100 MW offshore wind energy project Ocean Wind 1 located approx.
  • The acquisition provides Ørsted with 100 % ownership of Ocean Wind 1.
  • “PSEG has been a valuable partner as we’ve advanced Ocean Wind 1 to this point, and as we’ve successfully advanced our offshore wind vision in the US.
  • Ørsted has 30 years of experience in offshore wind energy, including operating the first US offshore wind farm off the coast of Rhode Island.

Ørsted to build large-scale solar PV project in Texas

Retrieved on: 
Sunday, January 22, 2023
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Continuing its growth in onshore renewables, Ørsted has decided to build the 471 MW AC Mockingbird Solar Center in Texas.

Key Points: 
  • Continuing its growth in onshore renewables, Ørsted has decided to build the 471 MW AC Mockingbird Solar Center in Texas.
  • 20 km2), Mockingbird will be able to generate enough renewable energy to power more than 80,000 homes annually, making it the largest solar PV project in Ørsted’s portfolio to date.
  • Ørsted has taken final investment decision (FID) on Mockingbird and will start construction of the project this month.
  • Globally, and counting Mockingbird, Ørsted has approximately 5.5 GW of onshore renewable energy capacity in operation or under construction across onshore wind, solar, and storage, 1.8 GW of which is solar PV.