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    ORSTED   DK0060094928

ORSTED A/S

(ORSTED)
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195;rsted A/S ōrsted Completes Permian Energy Center

05/04/2021 | 05:38am EDT
TIDMORSTED 
 
 
   The company's first utility-scale solar plus battery storage project of 
460MWAC reaches commercial operation, making Ørsted the first 
developer to operate the full spectrum of new renewable technologies at 
utility scale in the US. 
 
   Ørsted has completed its Permian Energy Center project, a 460 MWAC 
hybrid solar and battery storage facility located in Andrews County, 
Texas. 
 
   Permian Energy Center brings Ørsted's onshore operating capacity to 
2.1 GW. The project and its 420 MWAC of solar PV and 40 MWAC of battery 
storage will be located on a 3,600-acre site alongside existing oil and 
gas installations and will supply growing West Texas demand for 
electricity. 
 
   "Permian Energy Center is a significant milestone for Ørsted, 
making it the first developer to own the full spectrum of new renewable 
energy technologies at utility scale in the US - onshore and offshore 
wind, solar PV, and storage," commented Neil O'Donovan, Chief Operations 
Officer of Ørsted's Onshore business. Neil adds: "I'm very proud of 
the Ørsted team and our project partners, who've yet again done an 
excellent job to ensure the safe, on-time, on-budget delivery of our 
first utility-scale solar PV project." 
 
   The project's 1.3 million solar panels will generate enough clean energy 
to power more than 80,000 US households. 
 
   For further information, please contact: 
 
   Media Relations 
 
   Kathrine Ejlskov 
 
   + 45 99 55 10 23 
 
   katej@orsted.dk 
https://www.globenewswire.com/Tracker?data=oBnNy0oljcr4lUOYP80x68PWgd4SDSkIt3iWTcTlGPrUie873Yz8ugE397acGLHF0mzWJjKd5i8sztH7hdIrBg== 
 
 
   Investor Relations 
 
   Allan Bødskov Andersen 
 
   + 45 99 55 79 96 
 
   ir@orsted.dk 
https://www.globenewswire.com/Tracker?data=ygxOKJBoWmgQZ2Rw0FKuQbC9gIAdxjpCb3Fkfrw_ILRxt-5GhZTlleQHceUSQonM2iN82yIg1T2tvut3-Lg5Xg== 
 
 
   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 6,311 
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 
 
 
   -- Ørsted completes Permian Energy Center 
      https://ml-eu.globenewswire.com/Resource/Download/e5380dac-2e80-40ab-bf9e-deec221452ee 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

05-04-21 0738ET

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Financials
Sales 2021 57 986 M 9 484 M 9 484 M
Net income 2021 11 843 M 1 937 M 1 937 M
Net Debt 2021 22 721 M 3 716 M 3 716 M
P/E ratio 2021 31,1x
Yield 2021 1,39%
Capitalization 375 B 61 245 M 61 314 M
EV / Sales 2021 6,86x
EV / Sales 2022 6,87x
Nbr of Employees 6 311
Free-Float 44,8%
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Mean consensus HOLD
Number of Analysts 25
Average target price 1 066,83 DKK
Last Close Price 892,40 DKK
Spread / Highest target 90,5%
Spread / Average Target 19,5%
Spread / Lowest Target -38,4%
EPS Revisions
Managers and Directors
NameTitle
Mads Nipper Group President & Chief Executive Officer
Marianne Wiinholt Chief Financial Officer
Thomas Thune Andersen Chairman
Lene Skole-SÝrensen Deputy Chairman
Lynda Anne Armstrong Independent Director
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