ISIN:DK0060094928

Ørsted commits to reuse or recycle all solar panels

Retrieved on: 
Saturday, June 10, 2023
Wind, Silver, Copper, Silicon, Partnership, Senior, Climate, Metal, Glass, Recycling, Solar energy, Mining, Renewable energy

Ørsted is the world’s first energy developer to commit to reuse or recycle all solar panels from its global portfolio of solar farms with immediate effect.

Key Points: 
  • Ørsted is the world’s first energy developer to commit to reuse or recycle all solar panels from its global portfolio of solar farms with immediate effect.
  • To lower dependency on virgin materials, a key solution is to reuse or recycle end-of-life solar panels and bring the materials back into manufacturing.
  • This is an industry-first commitment and complements our already existing ambition to reuse or recycle all wind turbine blades.”
    Today, Ørsted is announcing a new partnership with SOLARCYCLE, a technology-based solar recycling company, to process and recycle Ørsted’s end-of-life solar panels from its projects across the US, which is one of the main solar markets for Ørsted.
  • SOLARCYCLE can take these materials and refine them to make the next generation of newer, higher-efficiency solar panels.

Notification of managers’ transactions

Retrieved on: 
Saturday, June 10, 2023
A/S, PDF, Person, Cabinetry, Renting

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 Chair of the Board of Directors of Ørsted Thomas Thune Andersen in the attached PDF document.

Capital Markets Day: Ørsted confirms its ambition of ~50 GW renewable capacity by 2030 and strong financial outlook

Retrieved on: 
Saturday, June 10, 2023
CMD, Capital market, Policy, Recycling, Carbon, Wind, FID, EBITDA, Sustainability, Science, Investment, ROCE, Science Museum, WACC, Inflation Reduction Act of 2022, Growth, CPPA, IRR, Renewable energy, EU

Ørsted is committed to the following ambitions, financial targets, and financial policies for 2023-2030:

Key Points: 
  • Ørsted is committed to the following ambitions, financial targets, and financial policies for 2023-2030:
    Ørsted confirms its fully self-funded ambition of ~50 GW installed renewable capacity by 2030 and expects to invest DKK ~475 billion in the period 2023-2030.
  • Ørsted targets a group-wide EBITDA (excluding new partnerships) of DKK 50-55 billion in 2030, corresponding to a targeted annual average increase of 13-14 %.
  • Ørsted extends its return on capital employed (ROCE) target to the period 2023-2030, targeting an average ROCE of ~14 % in the period.
  • The Capital Markets Day is hosted on 8 June 2023 at 10-14 UTC+1 at the Science Museum in London.

ESB and Ørsted enter partnership in landmark Irish offshore wind agreement

Retrieved on: 
Friday, June 2, 2023
Enterprise, Partnership, Senior, Hornsea, Hydrogen, Electricity, ESB, Government, Wind, Renewable energy

ESB, Ireland’s leading utility, and Ørsted, the world leader in offshore wind, have signed an agreement to jointly develop an Irish offshore wind portfolio in a landmark deal.

Key Points: 
  • ESB, Ireland’s leading utility, and Ørsted, the world leader in offshore wind, have signed an agreement to jointly develop an Irish offshore wind portfolio in a landmark deal.
  • With the agreement, which marks the most ambitious partnership in Ireland to date, Ørsted becomes a 50/50 partner in a pipeline of offshore wind development projects off the Irish coast.
  • The partnership has the potential to deliver up to five gigawatts (GW) of renewable energy and complementary renewable hydrogen projects, and the first of these offshore wind projects are expected to compete in the next Irish offshore wind auction, ORESS 2.1.
  • We are delighted to partner with Ørsted, a global leader in the offshore wind industry, in developing this portfolio in Ireland.

Ørsted to acquire Eversource share of uncontracted offshore wind seabed

Retrieved on: 
Saturday, May 27, 2023
Maintenance, Partnership, Port, Wind, USD, Sale, Thomas Edison, New London, Acquisition, 2020 Formula Regional Americas Championship, Eversource Energy, Pleasure, Quonset Point, Renewable energy, Property management

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).

Ørsted awarded contract – will capture and store 430,000 tonnes of biogenic CO2

Retrieved on: 
Monday, May 15, 2023
Carbon, Danish Energy Agency, Partnership, Senior, Just, Bioenergy, Agriculture, Policy, Power, Electricity, Tree, Microsoft, Climate change, CHP, Forest, Wind, Intergovernmental Panel on Climate Change, Wood, Plant, DEA, IPCC, Decarbonisation measures in proposed UK electricity market reform, CCS, Heat, Power Station, Biomass, CO2, Renewable energy, Coal, Natural gas, Baltic states, Urban area of Copenhagen

The Danish Energy Agency (DEA) has awarded Ørsted a 20-year contract for its carbon capture and storage (CCS) project ‘Ørsted Kalundborg Hub’.

Key Points: 
  • The Danish Energy Agency (DEA) has awarded Ørsted a 20-year contract for its carbon capture and storage (CCS) project ‘Ørsted Kalundborg Hub’.
  • Ørsted has teamed up with Aker Carbon Capture, the Norwegian frontrunner in carbon capture technology and developer of a field-proven and proprietary carbon capture technology.
  • As carbon capture provider, Aker Carbon Capture will deliver five Just Catch™ units to the CHP plants.
  • Ørsted will capture 150,000 tonnes of biogenic CO2 per year from the straw-fired unit at Avedøre Power Station.

REDEMPTION NOTICE

Retrieved on: 
Thursday, May 4, 2023
ACT, Exercise, AS, Condition, A/S, Ørsted (company), Redemption, OR, Record, Luxembourg Stock Exchange, Security, EUR, ITS, ANY, ISIN, Security (finance), Lease, Issuer

Capitalised terms used in this notice and not otherwise defined in this notice shall have the meanings assigned to them in the Terms and Conditions.

Key Points: 
  • Capitalised terms used in this notice and not otherwise defined in this notice shall have the meanings assigned to them in the Terms and Conditions.
  • After the Redemption, there will be no Securities outstanding, and the Securities will be delisted from the Luxembourg Stock Exchange, and the admission of the Securities to trading on the Luxembourg Stock Exchange's regulated market will be cancelled with effect from the Redemption Date.
  • This notice of exercise of the Issuer's redemption option with respect to the Securities is irrevocable.
  • This notice is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell any of the Securities.

CORRECTION: Interim report for the first quarter of 2023. The below company announcement has been corrected in the financial key figures for Q1 2023. Profit for the period has been updated with correct numbers.

Retrieved on: 
Wednesday, May 3, 2023
Wind, Subsea 7, FID, DKK, EBITDA, ROCE, Comment, Farm, Audit, Renewable energy

The below company announcement has been corrected in the financial key figures for Q1 2023.

Key Points: 
  • The below company announcement has been corrected in the financial key figures for Q1 2023.
  • Profit for the period has been updated with correct numbers.
  • Today, Ørsted’s Board of Directors approved the interim report for the first quarter of 2023.
  • Operating profit (EBITDA) for the first quarter was in line with our expectations and amounted to DKK 6.9 billion.

Interim report for the first quarter of 2023 – strong start to the year with all-time high earnings from offshore sites and final investment decision on Greater Changhua 2b and 4

Retrieved on: 
Wednesday, May 3, 2023
Wind, Subsea 7, FID, DKK, EBITDA, ROCE, Comment, Farm, Renewable energy

Today, Ørsted’s Board of Directors approved the interim report for the first quarter of 2023.

Key Points: 
  • Today, Ørsted’s Board of Directors approved the interim report for the first quarter of 2023.
  • Operating profit (EBITDA) for the first quarter was in line with our expectations and amounted to DKK 6.9 billion.
  • We maintain our EBITDA guidance of DKK 20-23 billion excluding earnings from new partnerships during the year.
  • Greater Changhua 2b and 4 have a robust business case, which will create long-term value for Ørsted.

Ørsted to present results for first quarter 2023 on 3 May

Retrieved on: 
Wednesday, April 26, 2023

Ørsted will release its results for the first quarter of 2023 on Wednesday, 3 May 2023.

Key Points: 
  • Ørsted will release its results for the first quarter of 2023 on Wednesday, 3 May 2023.
  • The results will be released at approx.
  • In connection with the presentation of the interim financial report, an earnings call for investors and analysts will be held on the same day at 14:00 CEST.
  • Dial in numbers for the earnings call: