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Ørsted A/S (ORSTED.CO)

Copenhagen - Copenhagen Real-time price. Currency in DKK
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987.60-13.40 (-1.34%)
At close: 4:59PM CEST
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Previous close1,001.00
Open1,001.00
Bid992.40 x 0
Ask987.60 x 0
Day's range987.60 - 1,002.50
52-week range665.60 - 1,400.50
Volume1,863,238
Avg. volume665,038
Market cap414.859B
Beta (5Y monthly)0.48
PE ratio (TTM)27.47
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield11.50 (1.14%)
Ex-dividend date02 Mar 2021
1y target estN/A
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Press releases
  • Globe Newswire

    Ørsted acquires Ireland and UK onshore wind power platform from Brookfield Renewable

    Today, Ørsted has entered into an agreement with Brookfield Renewable, a global owner and operator of renewable power assets, to acquire a 100 % equity interest in its existing Ireland and UK onshore wind business, Brookfield Renewable Ireland (BRI). The agreement is based on an enterprise valuation of BRI of EUR 571 million as of 31 December 2020. The final price will be subject to customary adjustments. With the acquisition of BRI, Ørsted enters the European onshore market. BRI, headquartered in Cork, Ireland, is a developer, owner, and operator of onshore wind farms. BRI has an attractive portfolio of 389 MW in operation and under construction, 149 MW advanced development, and more than 1 GW of development pipeline in Ireland and the UK. Ørsted entered the onshore renewables business in 2018 with an initial focus on the US. Today, Ørsted’s onshore business has reached a meaningful scale with an operating and in construction portfolio of 4 GW of wind and solar and a strong pipeline of further projects in development. The growth over the past year ranks the business among the five largest US constructors in terms of onshore capacity additions since 2017. Building on the success of the US business, Ørsted has been evaluating opportunities to enter the onshore renewables business in Europe. Mads Nipper, Group President and CEO of Ørsted, says: “In the US, we’ve built a strong onshore business with 4 GW in operation and under construction. The European market for onshore wind power is expected to grow significantly in the coming years, and with the acquisition of BRI, we get a strong platform that expands our presence in onshore renewables to Europe, allowing us to continue our successful expansion of our onshore renewables business.” Declan Flanagan, CEO of Ørsted’s Onshore business unit, says: “We’re excited to acquire BRI, which has a strong strategic and operational fit to Ørsted combined with what we believe to be very complementary business cultures. We’ve learned that, like Ørsted, the BRI team is ambitious, prioritise safety and quality, and strive to be a good neighbour in the communities they operate in. The Irish and UK onshore markets offer attractive fundamentals, projects at scale, and value creation through a mix of development projects and repowering opportunities. Furthermore, we can leverage the BRI team’s market-leading offtake capabilities within trading and corporate PPAs with direct synergies to Ørsted’s existing efforts in the UK.” BRI’s existing management team will continue to run the business which will be integrated into Ørsted’s Onshore business unit over time. The transaction is expected to close by Q2 2021. The information provided in this announcement does not change Ørsted’s previous EBITDA guidance for the financial year 2021. Subject to closing of the transaction, the expected investment level for 2021 will increase with the purchase price. Investor callAn investor call for investors and analysts will be held on Friday, 16 April 2021 at 13:30 CEST. Denmark: +45 7815 0108United Kingdom: +44 3333 009 265 United States: +1 8332 498 405Ireland: +35 312 232 016 The investor call can be followed live at:https://edge.media-server.com/mmc/p/y6twkmwu About BRI BRI is a developer, owner, and operator of onshore wind farms in Ireland and Scotland.BRI has a total team of 73 professionals between a head office in Cork, Ireland, and an office in Edinburgh, Scotland.BRI owns a portfolio of 389 MW, in operation and under construction, and 149 MW advanced development pipeline.BRI also owns more than 1 GW development pipeline in Ireland and the UK. About ØrstedThe 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 as the world’s most sustainable energy company in Corporate Knights' 2021 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 6,179 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2020, the group's revenue was DKK 52.6 billion (EUR 7.1 billion). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter. For further information, please contact: Ørsted Group Media RelationsCarsten Birkeland Kjær+ 45 99 55 77 65cabkj@orsted.dk Ørsted Investor RelationsAllan Bødskov Andersen + 45 99 55 79 96ir@orsted.dk Attachment Ørsted acquires Ireland and UK onshore wind power platform from Brookfield Renewable

  • Globe Newswire

    Ørsted completes divestment of 25% of Ocean Wind Offshore Wind Farm

    Further to our company announcement issued on 4 December 2020, Ørsted has now completed the divestment of 25% of the Ocean Wind Offshore Wind Farm to New Jersey’s Public Service Enterprise Group (PSEG). The information provided in this announcement does not change Ørsted’s previous financial guidance for the financial year of 2021 or the announced expected investment level for 2021. For further information please contact: Ørsted Investor Relations Allan Bødskov Andersen +45 99 55 79 96alban@orsted.dk Ørsted Group Media RelationsTom Christiansen+45 99 55 60 17tomlc@orsted.dk Attachment OCW divestment completed

  • Globe Newswire

    Poland awards Contract for Difference to the Baltica offshore wind farms

    The Polish Energy Regulatory Office has awarded a Contract for Difference to the Baltica 3 and Baltica 2 offshore wind farms with a total capacity of up to 2.5 GW. Baltica 3 and 2 will contribute significantly to Poland’s green energy transition, accelerate the development of the local supply chain and spur economic activity for many years to come. The Baltica Offshore Wind Farm – the largest offshore wind project in the Polish part of the Baltic Sea comprising the two phases Baltica 3 and Baltica 2 – today came a big step closer to realization when the President of the Polish Energy Regulatory Office (ERO) awarded the project a Contract for Difference (CfD) at a maximum of PLN 319.60/MWh in accordance with the Decree of the Minister of Climate and Environment of Poland and the Offshore Wind Act. This effectively confirms that the Baltica Offshore Wind Farm has been selected for the first phase of Poland’s ambitious offshore wind buildout program. With a total capacity of up to 2.5 GW, Baltica 3 and 2 will generate enough green electricity to power 4 million Polish households. In February 2021, Ørsted and PGE signed an agreement to form a 50/50 joint venture for the development, construction and operation of Baltica 3 and 2, developed through special purpose vehicles. Subject to the closing of the joint venture transaction and Ørsted’s and PGE’s final investments decisions, the Baltica 3-phase of the project (up to 1 GW) would start generating power around 2026, while the Baltica 2-phase (up to 1.5 GW) could become operational before 2030. The CfD award is subject to final approval from the European Commission. Rasmus Errboe, Senior Vice President and Head of Region Continental Europe at Ørsted, says: “The contract award for Baltica 3 and 2 is a big milestone for Polish offshore wind and for Ørsted’s and PGE’s joint ambitions in Poland. Subject to closing of the joint venture agreement, we look very much forward to delivering these important infrastructure projects and to help Poland harness the large green energy resources in the Baltic Sea. The offshore wind industry will be a cornerstone in Poland’s transition to green power and has the potential to create thousands of Polish jobs.” Wojciech Dąbrowski, CEO of PGE Capital Group, says: ”The decision of the President of the Energy Regulatory Office brings the Offshore Programme and the Baltica offshore wind farm closer to realization. Offshore wind in Poland now has a solid foundation to be developed and it is currently the PGE Capital Group's priority. In our application for the CfD we also presented how we intend to carry out our investments in offshore wind farms as the leader of this new industry in Poland. We are committed to strengthen the local supply chain.” Poland’s roadmap for offshore windPoland’s energy policy until 2040 singles out offshore wind as a key technology to make Poland a low-emission economy, and Poland’s Offshore Wind Act specifies Poland’s ambitions for offshore wind: From zero offshore wind capacity today, Poland commits to install 5.9 GW by 2030, up to 11 GW by 2040, and analyses suggest a potential of up to 28 GW in Polish waters by 2050. This will make Poland the biggest market for offshore wind in the Baltic region and contribute significantly to the European Commission’s target of 300 GW offshore wind capacity in European waters by 2050 to meet the EU’s climate neutrality goal. The Polish Wind Energy Association estimates that the realization of the offshore wind capacity targets in the Polish Offshore Wind Act will unlock EUR 29 billion investments. Several Polish companies are already active in the offshore wind industry as suppliers of cables, foundations, cranes and vessels for installation and service of offshore wind turbines. And Polish ports in the Baltic Sea region have the potential to become hubs for installation, service and maintenance of offshore wind farms. The information provided in this announcement does not change Ørsted’s previous financial guidance for the financial year 2021 or the announced expected investment level for 2021. For further information please contact: Ørsted Group Media RelationsTom Christiansen+45 99 55 60 17tomlc@orsted.dk Ørsted Investor Relations Allan Bødskov Andersen +45 99 55 79 96alban@orsted.dk About ØrstedThe 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 as the world’s most sustainable energy company in Corporate Knights' 2021 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 6,179 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2020, the group's revenue was DKK 52.6 billion (EUR 7.1 billion). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter. Attachment Baltica 2 and 3 CfD award