Ørsted A/S (0RHE.IL)
- Reuters
Orsted says offshore business faced headwinds in Q4 due to delays, hedges
Denmark's Orsted, the world's No. 1 offshore wind farm developer, on Wednesday reported fourth-quarter operating profit in line with preliminary 2022 numbers but said its offshore business faced challenges. However, fourth-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) excluding new partnerships fell 19% to 6.70 billion Danish crowns ($979.5 million), the statement said. The company said it saw an unexpected decrease in its offshore business in the fourth quarter, primarily due to adverse impacts from hedges and delays at its Hornsea 2 project in the UK and Greater Changhua 1 & 2a project in Taiwan.
- Reuters
Danish offshore wind power developers plan major capacity increase
Denmark's Orsted and Copenhagen Infrastructure Partners (CIP) have teamed up to develop 5.2 gigawatts (GW) of offshore wind in Denmark, corresponding to more than double the country's current installed capacity, the two companies said on Tuesday. The total of four projects will be developed through the so-called open-door procedure where the developers takes initiative to build an offshore wind farm without a government tender. "Orsted and CIP hope that the projects can be built prior to and in parallel with the projects in the government tenders," the companies said, adding that the projects might be feasible already by 2027 or 2028.
- ACCESSWIRE
Alpha Petroleum, Energean UK and Orsted Agree To Explore the Repurposing of a UK Southern North Sea Gas Platform as a Potential Compensation Measure for Offshore Wind
Alpha Petroleum Resources Limited (Alpha) and Energean UK Limited (Energean) have signed a Memorandum of Understanding (MoU) with Orsted Hornsea Project Four Limited ("Orsted") to explore the potential repurposing of the Wenlock gas platform in the Southern North Sea.
