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Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq Copenhagen  >  Orsted A/S    ORSTED   DK0060094928


Real-time Estimate Quote. Real-time Estimate Cboe Europe - 04/12 10:59:45 am
1046 DKK   -0.38%
04/09SAUDI ARABIAN OIL  : Norway wealth fund should invest in fewer companies, government says
04/08High stakes at sea in global rush for wind power
04/08ORSTED  : Jefferies sticks Neutral
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

195;rsted A/S Ørsted Brings In Norges Bank Investment Management As A Partner In Borssele 1&2

04/07/2021 | 03:10am EDT
   Today, Ørsted has signed an agreement with Norges Bank Investment 
Management (NBIM), who will be acquiring a 50 % ownership share of 
Ørsted's 752 MW Borssele 1 & 2 Offshore Wind Farm, which was 
commissioned in the fourth quarter of 2020 and generates green power to 
the equivalent of one million households' annual power consumption in 
the Netherlands. 
   The total value of the transaction is approx. EUR 1.375 billion (approx. 
DKK 10.2 billion) which is to be paid upon closing of the transaction. 
Closing is expected around summer 2021. As part of the agreement, 
Ørsted will continue to provide long-term operations and 
maintenance (O&M) services from its O&M base at the Port of Vlissingen 
in the Netherlands. Furthermore, Ørsted will provide NBIM with 
balancing services and a long-term route to market for the renewable 
electricity generated by Borssele 1 & 2. 
   Today's agreement marks NBIM's first investment in unlisted renewable 
energy infrastructure. 
   Martin Neubert, Chief Commercial Officer and Deputy Group CEO of 
Ørsted, says: "As one of the world's largest institutional 
investors, Norges Bank Investment Management is making a difference by 
making sustainable investments. We're delighted to welcome NBIM as 
partner on Borssele 1 & 2, which is a landmark project for the 
Netherlands' transition to renewable energy, and we're pleased to 
support NBIM in their strategy to invest in renewable energy 
infrastructure assets." 
   Mie Holstad, Chief Real Assets Officer at Norges Bank Investment 
Management, says: "We are very pleased to partner on Borssele 1&2 with 
Ørsted, the market leader in offshore wind. We are excited to have 
made our first unlisted investment in renewable energy infrastructure, 
and we look forward to working alongside Ørsted on delivering green 
energy to Dutch households." 
   Steven Engels, General Manager for Ørsted Benelux, says: "I look 
forward to working with NBIM on delivering green power to the Dutch 
energy mix. Borssele 1 & 2 kickstarted the Netherlands' ambitious 
programme for offshore wind build-out and will help the country meet its 
2030 carbon reduction goals. We remain committed to the Netherlands and 
the Zeeland region to contribute to the energy transition for many years 
to come. At the same time, the wind farm creates benefits for the local 
economy by supporting employment and skills development." 
   The divestment to NBIM is subject to regulatory approvals. 
   The information provided in this announcement does not change 
Ørsted's previous financial guidance for the 2021 financial year of 
an EBITDA excluding new partnership agreements of DKK 15-16 bn or the 
announced expected investment level for 2021. In addition to the above, 
the EBITDA effect in 2021 from the Borssele 1 & 2 partnership, is 
expected to amount to around DKK 5 billion. 
   Facts about Borssele 1 & 2 
   -- The largest operational offshore wind farm in the Netherlands -- and the 
      second-largest operational offshore wind farm in the world -- with an 
      installed capacity of 752 MW. 
   -- Located 23 km off the coast of the Dutch region of Zeeland at water 
      depths ranging from 14 to 36 m. 
   -- The 94 Siemens Gamesa 8 MW offshore wind turbines of Borssele 1 & 2 
      generate enough power to annually cover one million households with green 
      energy in the Netherlands. 
   -- Fully commissioned in Q4 2020. 
   For further information, please contact: 
   Ørsted Media Relations 
   Michael Korsgaard 
   +45 99 55 94 25 
   Ørsted Investor Relations 
   Allan Bødskov Andersen 
   + 45 99 55 79 96 
   NBIM Media Relations 
   Line Aaltvedt 
   +47 948 54 656 
   About Ørsted 
   The 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 
   About Norges Bank Investment Management 
   Norges Bank Investment Management is the asset management division of 
Norges Bank, the Norwegian central bank. As manager of the Government 
Pension Fund Global, its mission is to safeguard and build financial 
wealth for future generations in Norway. Norges Bank Investment 
Management aims for the highest possible long-term return within the 
investment mandate set by the Ministry of Finance. The fund is invested 
globally in equity, fixed income and real assets and had investments 
worth 10,914 billion Norwegian kroner (EUR 1,042 billion) as at 31 
December 2020. Norges Bank Investment Management was given a mandate to 
invest in unlisted renewable energy infrastructure from 1 January 2020. 
   -- EN_NFO_Borssele_partnership 

(END) Dow Jones Newswires

04-07-21 0510ET

Stocks mentioned in the article
ChangeLast1st jan.
FACEBOOK INC -0.60% 310.52 Delayed Quote.14.39%
NASDAQ COMP. -0.49% 13831.714885 Delayed Quote.7.85%
ORSTED A/S -0.38% 1046 Delayed Quote.-15.56%
SIEMENS AG -0.80% 139.28 Delayed Quote.19.47%
SIEMENS GAMESA RENEWABLE ENERGY, S.A. -4.59% 29.52 Delayed Quote.-6.50%
All news about ORSTED A/S
04/09SAUDI ARABIAN OIL  : Norway wealth fund should invest in fewer companies, govern..
04/08High stakes at sea in global rush for wind power
04/08ORSTED  : Jefferies sticks Neutral
04/08ORSTED  : Goldman Sachs reiterates its Buy rating
04/08ORSTED A/S  : Ørsted's Offshore Windfarms in Baltic Sea Win Polish Contract for ..
04/07Eversource Energy names Joe Nolan as CEO
04/07High stakes at sea in global rush for wind power
04/07ORSTED A/S  : Poland awards Contract for Difference to the Baltica offshore wind..
04/07Orsted Offshore Wind Farm Secures Polish Contract for Difference
04/07195;rsted A/S Poland Awards Contract For Difference To The Baltica Offshore W..
More news
Sales 2021 55 411 M 8 856 M 8 856 M
Net income 2021 12 778 M 2 042 M 2 042 M
Net Debt 2021 24 305 M 3 885 M 3 885 M
P/E ratio 2021 34,9x
Yield 2021 1,18%
Capitalization 441 B 70 484 M 70 493 M
EV / Sales 2021 8,40x
EV / Sales 2022 7,93x
Nbr of Employees 6 179
Free-Float 44,8%
Duration : Period :
Orsted A/S Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ORSTED A/S
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 26
Average target price 1 074,28 DKK
Last Close Price 1 050,00 DKK
Spread / Highest target 61,9%
Spread / Average Target 2,31%
Spread / Lowest Target -47,6%
EPS Revisions
Managers and Directors
Mads Nipper Group President & Chief Executive Officer
Marianne Wiinholt Chief Financial Officer
Thomas Thune Andersen Chairman
Lene Skole-Sørensen Deputy Chairman
Lynda Anne Armstrong Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ORSTED A/S-15.56%70 484
NEXTERA ENERGY1.02%152 875
ENEL S.P.A.3.84%103 796
IBERDROLA, S.A.-1.62%86 610