2024-11-22
http://w3.windfair.us/wind-energy/news/33603-orsted-report-annual-growth-offshosre-expansion-gloabl-figures-business-market-wind-farm-wind-energy-carbon

Ørsted Continues to Grow

Ørsted has released its annual report for 2019 showing off some satisfactory numbers.

Official Press Release Ørsted:

Annual report 2019: Strong year with continued strategic progress, global expansion and very satisfactory financials

Wind Industry Profile of
Annual report 2019: Strong year with continued strategic progress, global expansion and very satisfactory financials

Ørsted’s Board of Directors has approved the annual report for 2019. Operating profit (EBITDA), excluding new partnerships, increased by 17% to DKK 17.5 billion, thus exceeding our expectations at the beginning of the year as well as our most recent guidance of DKK 16-17 billion.

Earnings from offshore and onshore wind farms in operation increased by 30% to DKK 14.8 billion in 2019 driven by ramp-up of generation from new offshore wind farms and a full year with contribution and ramp-up in our onshore wind business. In addition, our year-on-year development was positively impacted by higher earnings from our trading activities and the reversal of a provision related to the Elsam competition case. This was partly offset by the increase in provisions related to our LNG... ... More: Official Press Release Ørsted

Keywords:
Ørsted, report, annual, growth, offshosre, expansion, gloabl, figures, business, market, wind farm, wind energy, carbon







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