LSE:Orsted | Jotup

Ørsted comments on media speculations regarding an acquisition of French/German onshore power platform Ostwind

Retrieved on:

Thursday, June 16, 2022 - 8:01am

Capital market, Acquisition, Engineering, Security (finance)

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

Key Points:

The issuer is solely responsible for the content of this announcement.
In response to media speculations, rsted confirms that it is in late-stage negotiations with Ostwind AG and the shareholders Gisela Wendling-Lenz, Ulrich Lenz, and Fabien Kayser regarding rsteds 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 no assurances as to whether a transaction will be concluded and the timing hereof.
As communicated at rsteds Capital Markets Day 2021, we are continuously looking to expand our onshore business in Europe.

Ørsted to capture and store 400,000 tonnes of carbon in 2025

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Monday, June 13, 2022 - 5:25pm

From 2025, rsted will be capturing and storing 400,000 tonnes of carbon a year.

Key Points:

From 2025, rsted will be capturing and storing 400,000 tonnes of carbon a year.
The technology and logistics for handling and storing carbon from the two CHP plants are in place, and if financial support is obtained from the current tender for carbon capture and storage, rsted can be ready to capture and store 400,000 tonnes of carbon as early as 2025, which is also the objective of the political agreement on carbon capture and storage (CCS).
With carbon capture at the Asns and Avedre CHP plants, well be able to capture 400,000tonnes of carbon from 2025, which can be stored in the North Sea.
This will contribute significantly to realising the politically decided climate target for 2025, says Ole Thomsen, Senior Vice President, rsted.

Ørsted enters Spanish onshore renewables market with solar and wind partnerships

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Wednesday, June 8, 2022 - 11:06am

Ereda, Government, Wind, ARBA, Solution, Renewable energy

rsted has entered four partnerships to pursue early-stage solar and onshore wind projects in the upcoming grid auctions in Spain and announces multi-GW ambitions in the market long-term.

Key Points:

rsted has entered four partnerships to pursue early-stage solar and onshore wind projects in the upcoming grid auctions in Spain and announces multi-GW ambitions in the market long-term.
In 2021, rsted entered the European onshore market by acquiring Brookfield Renewable Irelands onshore wind platform, from which rsted is developing high-potential projects that will contribute to the Groups growth ambitions of approx.
The short-term aim of the partnerships is to develop onshore wind and solar PV projects in Spain that allow rsted to participate in the upcoming Spanish grid auctions expected mid-2022 and put in bids for rights to develop a multi-GW pipeline solar and wind energy across Spain.
17.5 GW of onshore capacity globally in 2030 and is continuously looking towards entering attractive markets such as the Spanish.

Ørsted successfully issues green bonds

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Tuesday, June 7, 2022 - 5:12pm

ACT, AS, ITS, ANY, INTO, OR, THE, Security (finance), Renewable energy

Today, rsted has secured nominal EUR 1,350 million through the issuance of green senior bonds to finance its global build-out of renewable energy and green growth ambition of reaching approx.

Key Points:

Today, rsted has secured nominal EUR 1,350 million through the issuance of green senior bonds to finance its global build-out of renewable energy and green growth ambition of reaching approx.
50 GW of installed capacity by 2030.
rsted has completed the pricing of new unsecured green senior bonds of nominal EUR 1,350 million in total, comprising a EUR 600 million fixed-rate tranche with maturity in 2028 and a EUR 750 million fixed-rate tranche with maturity in 2033.
All bonds are issued as green bonds under rsteds green finance framework.
Key details of the new EUR 600 million fixed-rate green bond maturing in 2028:
Key details of the new EUR 750 million fixed-rate green bond maturing in 2033:
The information provided in this announcement does not change rsteds financial outlook for the 2022 financial year or the expected investment level announced for 2022.

Gazprom Export will halt the supply of gas to Ørsted

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Tuesday, May 31, 2022 - 4:10pm

Group, Gazprom, CEO, Natural gas, Renewable energy, EU

On 31 May, Gazprom Export has informed rsted that the company will halt the supply of gas to rsted on 1 June 2022 at 6:00CEST.

Key Points:

On 31 May, Gazprom Export has informed rsted that the company will halt the supply of gas to rsted on 1 June 2022 at 6:00CEST.
Thus, Gazprom Export does not live up to the agreement to supply gas to rsted.
Gazprom Export has maintained its demand that rsted pay for gas supplies in roubles.
However, this means that the gas for Denmark must, to a larger extent, be purchased on the European gas market.

Ørsted continues to reject demand for payment in roubles – risk of Gazprom Export’s gas supplies to Ørsted being halted

Retrieved on:

Monday, May 30, 2022 - 12:03pm

Risk, Contract, Biomass, Coal, Gazprom, Natural gas, Renewable energy, EU

Gazprom Export continues to demand that rsted pays for gas supplies in roubles.

Key Points:

Gazprom Export continues to demand that rsted pays for gas supplies in roubles.
Therefore, there is a risk that Gazprom Export will stop supplying gas to rsted.
However, this means that the gas for Denmark must, to a larger extent, be purchased on the European gas market.
In rsted, we have been preparing for this scenario to minimise the risk of rsted's gas customers, which are primarily major companies in Denmark and Sweden, experiencing shortfalls in gas supplies.

Ørsted agrees to acquire onshore wind farm Ford County Wind in Illinois

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Monday, May 16, 2022 - 12:18pm

Senior, Wind, Business development, MISO, Sale, Project finance, Acquisition, BHJ, Renewable energy, Mars

Ford County Wind is contracted via power purchase agreements (PPAs) with Mars, Incorporated, Silgan Containers, and BHJ USA.

Key Points:

Ford County Wind is contracted via power purchase agreements (PPAs) with Mars, Incorporated, Silgan Containers, and BHJ USA.
Today, rsted announced that it has agreed to acquire Ford County Wind, a 121 MW onshore wind farm in Ford County, Illinois, from funds managed by Ares Management Corporations Infrastructure Opportunities strategy (Ares).
James Giamarino, Senior Vice President and Head of Project Finance & Business Development for rsted Onshore North America, says: Im pleased that we continue to diversify our Onshore portfolio with additional capacity in MISO Illinois and expand our relationship with Ares through the agreement to acquire Ford County Wind.
Ford County Wind brings rsted Onshores US capacity in operation and under construction to approximately 4.4 GW.

Ørsted and TotalEnergies partner to participate in Dutch offshore wind tenders

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Friday, May 13, 2022 - 2:14pm

Paris/Den Haag, 13 May, 2022 rsted and TotalEnergies have joined forces to jointly submit bids for the two Dutch offshore wind tenders Holland Coast West with the aim to achieve net positive impact on biodiversity and the Dutch energy system.

Key Points:

Paris/Den Haag, 13 May, 2022 rsted and TotalEnergies have joined forces to jointly submit bids for the two Dutch offshore wind tenders Holland Coast West with the aim to achieve net positive impact on biodiversity and the Dutch energy system.
As world-class leaders in renewable energy and offshore wind, rsted and TotalEnergies will combine their strengths in these tenders with a view to contribute to the Netherlands objective of developing more than 70 GW of offshore wind capacity by 2050 for power generation associated with large scale hydrogen production.
As the largest offshore wind farm developer in the world, rsted has industry-leading experience in developing and constructing offshore wind farms in the most sustainable and ecologically friendly manner.
Rasmus Errboe, Head of Region Continental Europe at rsted, says: We are very pleased with our partnership with TotalEnergies for the upcoming Dutch tenders.

Notification of managers’ transactions

Retrieved on:

Thursday, May 5, 2022 - 8:03am

Corporate Knights, Nasdaq Copenhagen, Targets, Farm, Instagram, Twitter, Science, Wind, EUR, LinkedIn, Renewable energy, Facebook

The rsted vision is a world that runs entirely on green energy.

Key Points:

The rsted vision is a world that runs entirely on green energy.
rsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants.
rsted is the only energy company in the world with a science-based net-zero emissions target as validated by the Science Based Targets initiative (SBTi).
In 2021, the group's revenue was DKK 77.7 billion (EUR 10.4 billion).

Notification of managers' transactions

Retrieved on:

Friday, April 29, 2022 - 8:02am

Twitter, EUR, Corporate Knights, Farm, Targets, Nasdaq Copenhagen, LinkedIn, Wind, Instagram, Science, Renewable energy, Facebook

The rsted vision is a world that runs entirely on green energy.

Key Points:

The rsted vision is a world that runs entirely on green energy.
rsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants.
rsted is the only energy company in the world with a science-based net-zero emissions target as validated by the Science Based Targets initiative (SBTi).
In 2021, the group's revenue was DKK 77.7 billion (EUR 10.4 billion).