ISIN:DK0060094928

Notification of managers’ transactions

Retrieved on: 
Thursday, February 15, 2024
PDF, A/S, Person

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 Peter Korsholm, member of Ørsted’s board of directors, in the attached PDF document.

Notice of the 2024 annual general meeting of Ørsted A/S

Retrieved on: 
Monday, February 12, 2024
Remuneration, A/S, Annual report, Conference

The annual general meeting of Ørsted A/S will be held on Tuesday, 5 March 2024 at 10:00 CET.

Key Points: 
  • The annual general meeting of Ørsted A/S will be held on Tuesday, 5 March 2024 at 10:00 CET.
  • The agenda for the annual general meeting is as follows:
    •    Approval of the annual report for 2023 and treatment of loss.
  • The agenda is further described in the enclosed notice of the annual general meeting.
  • It has not been possible to conclude the process in time for the convening of the annual general meeting.

Employees elected as board members to the Board of Directors of Ørsted A/S

Retrieved on: 
Thursday, February 8, 2024
Culture

The employees in Ørsted have selected their employee-elected members to the Board of Directors.

Key Points: 
  • The employees in Ørsted have selected their employee-elected members to the Board of Directors.
  • The following employees were elected as employee-elected board members for the next two years:
    The four employee-elected board members will join the Board of Directors after the annual general meeting on 5 March 2024.
  • In 2024, Ørsted employees located outside of Denmark could also vote in and stand for election as employee-elected board members to the Board of Directors of Ørsted A/S for the first time ever.
  • Thomas Thune Andersen, Chair of the Board of Directors of Ørsted A/S, said:
    “It’s been a pleasure to see the global interest for joining the Board of Directors.

Annual report for 2023 – strong underlying results and strategic progress in a challenging year

Retrieved on: 
Wednesday, February 7, 2024
Partnership, Traction, DKK, Growth, Annual report, Wind, Hornsea, ROCE, Renewable energy

Excluding new partnerships and cancellation fees, EBITDA amounted to DKK 24.0 billion, above our guidance of DKK 20-23 billion.

Key Points: 
  • Excluding new partnerships and cancellation fees, EBITDA amounted to DKK 24.0 billion, above our guidance of DKK 20-23 billion.
  • Mads Nipper, Group President and CEO of Ørsted, says:
    “Despite a year with strong underlying business progress, 2023 marked a year with substantial challenges for Ørsted.
  • Despite the short-term challenges, our traction and underlying momentum was strong in 2023.
  • We delivered strong operational results in 2023 with an adjusted EBITDA slightly above our guidance and with several important milestones achieved.

Capital Markets Update: Ørsted presents updated business plan following comprehensive portfolio review – Thomas Thune Andersen steps down as Chair at upcoming AGM

Retrieved on: 
Wednesday, February 7, 2024
Nature, DKK, Growth, CFO, FFO, Wind, Capital market, Carbon, ROCE, IRR, Ørsted (company), Public utility, Pleasure, Renewable energy

In response to this, Ørsted is implementing measures to ensure a robust balance sheet, supporting long-term growth and capital structure resilience towards 2030.

Key Points: 
  • In response to this, Ørsted is implementing measures to ensure a robust balance sheet, supporting long-term growth and capital structure resilience towards 2030.
  • However, Ørsted has revisited its portfolio to prioritise growth options with the highest potential for value creation and lower risks.
  • DKK 35 billion of capital expenditure relief in 2024-2026 compared to the numbers presented at the Capital Markets Day in June 2023.
  • DKK 3 billion of development expenditure reductions in 2024-2026 compared to the numbers presented at the Capital Markets Day in June 2023.

Ørsted to acquire full ownership of Sunrise Wind subject to award in New York 4 offshore wind solicitation

Retrieved on: 
Tuesday, January 30, 2024
Eversource Energy, Workforce, Acquisition, Wind, COP, Renewable energy

Ørsted has signed an agreement with Eversource to acquire Eversource’s 50 % share of Sunrise Wind, a 924 MW offshore wind farm which would deliver power to New York.

Key Points: 
  • Ørsted has signed an agreement with Eversource to acquire Eversource’s 50 % share of Sunrise Wind, a 924 MW offshore wind farm which would deliver power to New York.
  • The acquisition is subject to the successful award of Sunrise Wind in the ongoing New York 4 solicitation for offshore wind capacity, signing of an OREC (Offshore Wind Renewable Energy Certificates) contract with New York’s energy agency, NYSERDA, entry into long-form acquisition agreements, receipt of construction and operations plan (COP), and relevant regulatory approvals.
  • If Sunrise Wind is not successful in the solicitation, the existing OREC contract for Sunrise Wind will be cancelled per the state’s requirements, and Ørsted’s and Eversource’s 50/50 joint venture for Sunrise Wind will remain in place.
  • “Sunrise Wind will be our third offshore wind farm off the northeast coast, following South Fork and Revolution Wind, which are already under construction.

Ørsted to present full-year results for 2023 on 7 February

Retrieved on: 
Tuesday, January 30, 2024
CFO

Ørsted will release its results for the full year 2023 on Wednesday, 7 February 2024 at approx.

Key Points: 
  • Ørsted will release its results for the full year 2023 on Wednesday, 7 February 2024 at approx.
  • 8:00 CET.
  • Mads Nipper, Group President and CEO of Ørsted, and Rasmus Errboe, interim CFO of Ørsted, will present the full-year results and a Capital Markets Update on Wednesday, 7 February at 13:00 CET.
  • To join the live streaming, please click here: Ørsted full-year results 2023 and Capital Markets Update (getvisualtv.net)
    Ørsted will host a phone press briefing for journalists on Wednesday, 7 February 2024 at 09:00 CET to elaborate on and answer questions about the Capital Markets Update and the annual results for 2023.

Skipjack Wind to be repositioned for future offtake opportunities

Retrieved on: 
Tuesday, January 30, 2024
Eversource Energy, Bureau, Wind, BOEM, Partnership, Maryland Public Service Commission, Delmarva Peninsula, Renewable energy

Today, Ørsted announced that it will reposition Skipjack Wind, a combined 966 MW project under development off the coast of the Delmarva peninsula in the US, for future offtake opportunities.

Key Points: 
  • Today, Ørsted announced that it will reposition Skipjack Wind, a combined 966 MW project under development off the coast of the Delmarva peninsula in the US, for future offtake opportunities.
  • Following consultation with the State of Maryland, Ørsted has withdrawn from the Maryland Public Service Commission orders approving the Skipjack 1 and 2 projects.
  • “Today’s announcement affirms our commitment to developing value creating projects and represents an opportunity to reposition Skipjack Wind, located in a strategically valuable federal lease area and with a state that’s highly supportive of offshore wind, for future offtake opportunities,” said David Hardy, Executive Vice President and CEO of Region Americas at Ørsted.
  • “As we explore the best path forward for Skipjack Wind, we anticipate several opportunities and will evaluate each as it becomes available.

Ørsted takes final investment decision on Farranrory Onshore Wind Farm in Ireland

Retrieved on: 
Tuesday, January 30, 2024
FID, Senior, Electricity, Wind, EUR, RESS, Kilowatt-hour, Renewable energy

Ørsted has taken final investment decision (FID) on Farranrory Onshore Wind Farm in Tipperary, the company’s 22nd wind farm on the island of Ireland.

Key Points: 
  • Ørsted has taken final investment decision (FID) on Farranrory Onshore Wind Farm in Tipperary, the company’s 22nd wind farm on the island of Ireland.
  • This will bring Ørsted’s operational capacity across solar power and onshore wind in Ireland and Northern Ireland to over 500 MW.
  • The energy produced by Farranrory Onshore Wind Farm will be enough power the equivalent of Irish 25,000 homes with renewable electricity.
  • With today’s investment decision, the project will also install the necessary infrastructure to facilitate the wind farm connecting to the grid.

Ørsted takes final investment decision on its first Irish solar farm

Retrieved on: 
Saturday, December 30, 2023
Kilowatt-hour, Wind, RESS, FID, Electricity, Senior, Renewable energy

Ørsted has taken final investment decision (FID) on phase one of Garreenleen Solar Farm, which marks the company’s first solar investment in Ireland.

Key Points: 
  • Ørsted has taken final investment decision (FID) on phase one of Garreenleen Solar Farm, which marks the company’s first solar investment in Ireland.
  • Today’s FID follows the project’s successful win under the Irish Government’s Renewable Electricity Support Scheme 3 (RESS 3) auction in September 2023.
  • RESS 3 was a successful auction for Ørsted, with two projects (wind and solar) totalling 124 MW clearing.
  • The RESS 3 auction average strike price was EUR 100.47 per MWh, which is consistent with similar regimes in other European markets.