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Windtech International September October 2024 issue

 

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Ørsted’s operating profit (EBITDA) totalled DKK 24.3 billion, an increase of DKK 6.2 billion compared to 2020. Its earnings included a gain of DKK 8.5 billion from the 50 % farm-downs of Borssele 1 & 2 and Greater Changhua 1.
 
Operating profit excluding these new partnerships amounted to DKK 15.8 billion, which compares to its guidance of DKK 15-16 billion at the beginning of the year. Net profit amounted to DKK 10.9 billion, and return on capital employed (ROCE) came in at 15 %.

Ørsted secured 4.5 GW of firm offshore wind capacity in tenders and auctions, corresponding to 25 % of the total awarded capacity in 2021. In the US, Ørsted was awarded 1,148 MW in New Jersey for its Ocean Wind 2 project and 846 MW in Maryland for its Skipjack 2 project. In Poland, Ørsted was awarded 2,543 MW for its Baltica 2 & 3 projects together with its partner PGE. Within Onshore, the company added 1.2 GW of firm capacity through organic growth and acquisitions in Europe and the USA. These contributions increased its total capacity to 26.1 GW from 20.4 GW at the end of 2020.
 
The company expects operating profit, excluding new partnerships, to be DKK 19-21 billion in 2022. Gross investments for 2022 are expected to amount to DKK 38-42 billion.
 
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