TIDMORSTED 
 
 
   The consortium will bid into two areas in Japan's first offshore wind 
auction. 
 
   Ørsted, Japan Wind Development Co. (JWD) and Eurus Energy have 
formed a partnership with the aim of jointly developing offshore wind 
projects in the Akita Prefecture. The three companies have been 
developing two designated offshore wind sites under Japan's Offshore 
Renewable Energy Act of 2018, both of which are located off the coast of 
Akita: The Noshiro/Mitane/Oga Offshore Wind Farm and the Yurihonjo 
Offshore Wind Farm. Both projects are currently progressing with the 
necessary permitting. The consortium is fully prepared to participate in 
Japan's upcoming offshore wind auction round which closes on 27 May 
2021. 
 
   The partnership combines market-leading strengths in global offshore 
wind with a strong local renewable development footprint. JWD brings 
deep knowledge of the Japanese power market and supply chain as well as 
a strong track record in onshore wind in Japan; Ørsted has 
unparalleled experience in developing, constructing and operating 
offshore wind farms world-wide; and Eurus Energy has for decades been 
the leading onshore wind company in Japan with a strong development and 
operational track record in the Akita Prefecture. 
 
   Matthias Bausenwein, President of Region Asia-Pacific at Ørsted, 
says "As a strategic market for Ørsted, Japan has great potential 
and optimal conditions to develop offshore wind. We are excited to 
further expand our footprint in the country and assist in developing 
renewable energy through our partnership with JWD and Eurus in the Akita 
Prefecture. Ørsted has a unique opportunity and obligation to be a 
catalyst for the green transformation in Japan and can be a key player 
in realizing the cost-down journey for offshore wind in Japan." 
 
   Masayuki Tsukawaki, JWD's President and CEO, says: "We are excited to 
partner with Ørsted and Eurus Energy in both of the designated 
areas of the Akita Prefecture where we have been pursuing the 
opportunities of offshore wind farm development for many years. By 
leveraging each company's long-standing experience and knowledge, 
working together with local stakeholders, we believe we can build the 
first large-scale offshore wind farms in Akita successfully and further 
contribute to the growth of the offshore wind power industry as well as 
to the development of a sustainable society in Japan." 
 
   Hideyuki Inazumi, Eurus' President and CEO, says: "To realize our carbon 
neutral objectives, Eurus is looking forward to utilizing our long-term 
experience and know-how of the wind power business in response to the 
widening expectation of offshore wind development through public and 
private sector collaboration. In working with Ørsted and JWD, Eurus 
is also looking forward to contributing to the realization of a 
sustainable society and long-term growth through local employment as 
well as co-existence and co-prosperity with local stakeholders." 
 
   The Noshiro and Yurihonjo offshore wind sites have been matured by JWD 
since 2017, conducting site investigations including wind measurements, 
seabed surveys, and environmental impact assessments. The wind turbines 
for both wind farms will be installed on bottom-fixed foundations. 
 
   Japan has outlined a 30-45 GW offshore wind ambition by 2040 and plans 
to execute offshore wind auctions every year. Japan's west coast is 
expected to host up to 5 GW offshore wind by 2030, and 9 GW by 2040. The 
grid capacity is 415 MW for Noshiro City, Mitane Town, and Oga City, and 
730 MW for Yurihonjo City, as stated in the auction guidelines. 
 
   For further information, please contact: 
 
   Investor Relations 
 
   Allan Bødskov Andersen 
 
   + 45 99 55 79 96 
 
   https://www.globenewswire.com/Tracker?data=uN9Toz_qZfgxjhOBMPdit04ViC9JgFmKdhGib4VuwoX3Enjjo9fNtl_UJQeHA1v0jFclk9VP2zrrXOEKMXQp5Cb5BtnAig1GHk5RY-JjjSHangTbxadZxkUm9qZCDurFV00ExnBTiNOZE8T5zod6VqWlqyOOzyL6pFcOHPNoZJ9g2QpAdcfjRvOGc0QBlrnM-FloMeHKHJ4AxTd8SLHKbVT2jvUIhaR8b88xC980-_Y= 
ir@orsted.dk 
 
   Media Relations 
 
   Tom Christiansen 
 
   + 45 99 55 60 17 
 
   https://www.globenewswire.com/Tracker?data=_5Lc0x0aCmRPFlfJV3w-I1JHSAhmodL0-K_f1fMXXU3eV1uEJsC5Ze_4NZdMk1Vv1pel6f4LDts7-JtdgFfyDdkSeSnYxCcV5FmZ8TfADTYM7BcMQ7zgV65tY6gSZK7tJW-zCKTyYSQgXG6NN4IY6IpwwiBi9d6JfH2-tLuwbtYuaYQPW3G_MGxFQDEsG_Cwc9Hh6dB7-vK9Ii-5Jn5PxY-bIT4i9YCZGoRfv3Nfnmw= 
tomlc@orsted.dk 
 
   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 
 
 
   -- Akita Projects 
      https://ml-eu.globenewswire.com/Resource/Download/a38da576-86e5-4edb-ac64-103af9615ec5

(END) Dow Jones Newswires

05-19-21 0238ET