UK Markets open in 40 mins

Ørsted A/S (ORSTED.CO)

Copenhagen - Copenhagen Real-time price. Currency in DKK
Add to watchlist
910.20+9.20 (+1.02%)
At close: 4:59PM CEST
Full screen
Previous close901.00
Open900.00
Bid908.60 x 0
Ask909.60 x 0
Day's range886.60 - 911.40
52-week range546.00 - 926.40
Volume273,964
Avg. volume430,094
Market cap382.344B
Beta (5Y monthly)0.55
PE ratio (TTM)44.49
EPS (TTM)20.46
Earnings date12 Aug 2020
Forward dividend & yield10.50 (1.16%)
Ex-dividend date03 Mar 2020
1y target est450.21
  • Globe Newswire

    Ørsted and TSMC sign the world’s largest renewables corporate power purchase agreement

    Today, Ørsted and Taiwan-based TSMC have signed a corporate power purchase agreement (CPPA). TSMC will offtake the full production from Ørsted’s 920MW Greater Changhua 2b & 4 offshore wind farm, making it the largest-ever contract of its kind within renewable energy. The 20-year fixed-price contract period starts once Greater Changhua 2b & 4 reaches commercial operations in 2025/2026, subject to grid availability and Ørsted’s final investment decision. TSMC, the world’s largest semiconductor foundry, is also a world-leader in green manufacturing. With this CPPA, TSMC once again demonstrates its long-term commitment to environmental sustainability.   J.K. Lin, Senior Vice President of Information Technology and Materials Management & Risk Management at TSMC, says: “TSMC is happy for this opportunity to collaborate with Ørsted and not only expand the adoption of renewable energy, but also to work towards Taiwan’s energy transition to build world-class industrial environment. As a corporate citizen, TSMC is taking ‘green action’ to carry out our responsibility to environmental protection.”Under the agreement with TSMC, the Greater Changhua 2b & 4 offshore wind farm will receive a price for power including T-RECs (Taiwan renewable energy certificate) during the 20-year contract period that is higher than the feed-in-tariff which was originally secured via the outcome of Taiwan’s first offshore wind auction in June 2018. This improves the project’s financial viability and helps Ørsted mature Greater Changhua 2b & 4 towards a final investment decision.Martin Neubert, Executive Vice President and CEO of Ørsted Offshore, says: “We commend TSMC for their leadership in renewable energy sourcing and for taking tangible action to deliver on their ambitious greenhouse gas reduction targets. By sourcing renewable energy at an unprecedented scale, TSMC demonstrates strong support for the development of renewable energy. Signing the largest-ever corporate PPA with the world’s leading semiconductor company shows that Ørsted is a trusted renewable energy partner for corporates and governments.” Matthias Bausenwein, President of Ørsted Asia-Pacific, says: “The agreement between Ørsted and TSMC signed today underlines Ørsted’s pioneering role in the development of renewable energy in the Asia Pacific. In Taiwan, we are already constructing the Greater Changhua 1 & 2a offshore wind farm. Combined with our Greater Changhua 2b & 4 project, which is now one step closer to a final investment decision, we are making offshore wind a cornerstone in Taiwan's transition from fossil-based to renewable energy.”The information provided in this announcement does not change Ørsted’s previous financial guidance for the financial year of 2020 or the announced expected investment level for 2020.About Greater Changhua 2b & 4 Greater Changhua 2b & 4 will be Ørsted’s third offshore wind farm in Taiwan, subject to final investment decision which Ørsted expects to take in 2023. The wind farm will have a capacity of 920MW and will be located in the Taiwan Strait approx. 50 km off the coast of Changhua County. Taipower, Taiwan’s transmission system operator, will be building new transmission grid to accommodate for Taiwan’s buildout of offshore wind. With the current grid construction timeline, Taipower is expected to provide Greater Changhua 2b & 4 with grid access in late 2025. Ørsted expects to generate the first power from Greater Changhua 2b & 4 shortly thereafter and to fully commission the wind farm in 2026.Greater Changhua 2b & 4 will be located adjacent to the 900MW Greater Changhua 1 & 2a offshore wind farm which Ørsted is currently constructing. Ørsted is also the co-owner of Taiwan’s first commercial-scale offshore wind farm, Formosa 1, which was extended to its current capacity of 128MW in October 2019.For further information please contact: Ørsted Group Media Relations Tom Lehn-Christiansen +45 99 55 60 17 tomlc@orsted.dk Ørsted Investor Relations Allan Bødskov Andersen +45 99 55 79 96 alban@orsted.dkAbout Ørsted  Ørsted’s vision is to create a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products to its customers. Ørsted ranks 1 in Corporate Knights’ 2020 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,600 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2019, the company generated revenue of DKK 67.8 billion (EUR 9.1 billion). For more information on Ørsted, visit orsted.com or follow us on Facebook, LinkedIn, Instagram and Twitter.Attachment * 2b & 4

  • Globe Newswire

    The Danish competition authorities and the Danish Energy Agency have approved Ørsted's divestment of its power distribution, residential customer, and city light businesses

    On 18 September 2019, Ørsted announced that the company had signed an agreement to divest its Danish power distribution business (Radius) as well as its residential customer and city light businesses to SEAS-NVE. The transaction was subject to approval by the Danish competition authorities and the Danish Energy Agency. Both authorities have now approved the transaction. With the approval by the authorities, the transaction is expected to be fully completed on 31 August 2020.The information provided in this announcement does not change Ørsted’s previously announced guidance and expected investment level for the 2020 financial year. For further details, please do not hesitate to contact: Media Relations Ulrik Frøhlke +45 99 55 95 60 Investor Relations Allan Bødskov Andersen +45 99 55 79 96Ørsted’s vision is to create a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products to its customers. Ørsted ranks 1 in Corporate Knights’ 2020 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,600 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2019, the company generated revenue of DKK 67.8 billion (EUR 9.1 billion). For more information on Ørsted, visit orsted.com or follow us on Facebook, LinkedIn, Instagram and Twitter. Attachment * 24JUNE2020_Company announcement_Competition authorities approves divestment

  • Globe Newswire

    Henrik Poulsen has resigned and steps down as CEO of Ørsted no later than 31 January 2021. The Board of Directors has initiated a process to identify Ørsted’s next CEO.

    After eight years in the role, Henrik Poulsen has today resigned his position as CEO of Ørsted. He will continue as CEO of Ørsted until 31 January 2021 at the latest. The Board of Directors has initiated a process to identify Ørsted’s next CEO. Henrik Poulsen will be nominated for the company’s Board of Directors at the next annual general meeting (AGM) in March 2021. Henrik Poulsen says: “It’s been an incredible ride over the past eight years, and I have a tremendous amount of affection for Ørsted, its vision, and not least its people. Together, we’ve transformed a Danish utility predominantly based on fossil fuels into a global leader in green energy, which was ranked as the world’s most sustainable company earlier this year. In the process, we’ve increased the market value of the company by several hundred per cent. We’re now at a point where the transformation is completed, and we’ve built a strong platform for global growth. I’ve concluded that it’s the right time for me to step down and free up time to pursue other challenges. It’s been difficult to reach this conclusion, but it’s nonetheless the right decision. I owe a lot of gratitude to the Board of Directors and Group Executive Management for their support and confidence – and to all Ørsted team members for what they’ve done for the company during my tenure.” Thomas Thune Andersen, Chairman of the Board of Directors, says: “Henrik has led a profound and highly successful transformation of Ørsted over the past eight years, and on behalf of the Board, I’d like to express our sincere gratitude and appreciation for the remarkable results he’s spearheaded together with the entire Ørsted team. We regret his decision to resign as CEO of Ørsted, but we, of course, respect his wish to free up more time for other activities. We’re pleased that Henrik has accepted our offer to nominate him for Ørsted’s Board of Directors at the AGM in March 2021. An appointment to the Board will ensure that his vision, skills, and industry experience remain available to Ørsted, and it will provide a strong continuity in the governance and management of the company.”Thomas Thune Andersen continues: “With Henrik’s decision to step down as CEO by 31 January 2021 at the latest, the Board of Directors has initiated a process to identify the next CEO of Ørsted. The Board will evaluate both internal and external candidates, with a focus on finding the best candidate for the job. We’ll make an announcement once the process has been completed.” With regard to his own plans, Henrik Poulsen says: “I’ve not made any decisions about my future plans. I’ll find other challenges where I can make a contribution. Time will show where, when, and what type of role. Before opening a new door, I want to make sure that I leave my current role in an orderly fashion and without missing a beat. For now, my focus will remain solely on Ørsted. And I’m very happy to accept the Board’s nomination for the Ørsted Board at the AGM in March next year. An appointment will allow me to remain part of the fabulous Ørsted team and support the company’s continued strategic development.”The information in this announcement does not change Ørsted’s financial guidance for the financial year 2020 nor the announced expected investment level for 2020.Conference call In connection with the publication of this company announcement, a conference call for investors and analysts will be held on Monday 15 June 2020 at 19:00 CEST with the participation of Thomas Thune Andersen, Henrik Poulsen, and Marianne Wiinholt.Denmark: +45 78 15 01 09 UK: +44 333 300 9268 US: +1 833 526 8380The conference call can be followed live at: https://edge.media-server.com/mmc/p/aj3petuaFor further information: Media Relations Martin Barlebo +45 99 55 95 52 Investor Relations Allan Bødskov Andersen +45 99 55 79 96The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products to its customers. Ørsted ranks 1 in Corporate Knights' 2020 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,600 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2019, the group's revenue was DKK 67.8 billion (EUR 9.1 billion). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram and Twitter.  Attachment * 15JUNE2020_Company announcement_Henrik Poulsen has resigned and steps down as CEO of Ørsted

By using Yahoo, you agree that we and our partners can use cookies for purposes such as customising content and advertising. See our Privacy Policy to learn more