Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

ORSTED A/S

(ORSTED)
  Report
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
RE
04/08High stakes at sea in global rush for wind power
RE
04/08ORSTED  : Jefferies sticks Neutral
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

195;rsted A/S Poland Awards Contract For Difference To The Baltica Offshore Wind Farms

04/07/2021 | 11:17am EDT
TIDMORSTED 
 
   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 
https://www.globenewswire.com/Tracker?data=OTjrXaTVtHVZPMz3iaq7FshRN_j5qhnb7pUC8tOdW9nns46OXL3W3szUtxO56hvDZxG4sA6C1zL9QEIp1vsFgaj-He4EZtulmGPlTiR-w0uuUfcp9IqmEec3VycHP3JEihdTrF0zvsXf_B7EMmXOgQ== 
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 D browski, 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 wind 
 
   Poland'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 Relations 
 
   Tom Christiansen 
 
   +45 99 55 60 17 
 
   tomlc@orsted.dk 
 
   Ørsted Investor Relations 
 
   Allan Bødskov Andersen 
 
   +45 99 55 79 96 
 
   alban@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 6,179 
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 
      https://ml-eu.globenewswire.com/Resource/Download/e8f85b0c-fdc6-4586-abc1-d4afa5354eeb 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

04-07-21 1317ET

Stocks mentioned in the article
ChangeLast1st jan.
FACEBOOK INC -0.29% 311.54 Delayed Quote.14.39%
NASDAQ COMP. -0.36% 13849.999041 Delayed Quote.7.85%
ORSTED A/S -0.38% 1046 Delayed Quote.-15.56%
All news about ORSTED A/S
04/09SAUDI ARABIAN OIL  : Norway wealth fund should invest in fewer companies, govern..
RE
04/08High stakes at sea in global rush for wind power
RE
04/08ORSTED  : Jefferies sticks Neutral
MD
04/08ORSTED  : Goldman Sachs reiterates its Buy rating
MD
04/08ORSTED A/S  : Ørsted's Offshore Windfarms in Baltic Sea Win Polish Contract for ..
MT
04/07Eversource Energy names Joe Nolan as CEO
RE
04/07High stakes at sea in global rush for wind power
RE
04/07ORSTED A/S  : Poland awards Contract for Difference to the Baltica offshore wind..
AQ
04/07Orsted Offshore Wind Farm Secures Polish Contract for Difference
DJ
04/07195;rsted A/S Poland Awards Contract For Difference To The Baltica Offshore W..
DJ
More news
Financials
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%
Chart ORSTED A/S
Duration : Period :
Orsted A/S Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ORSTED A/S
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
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
NameTitle
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
DUKE ENERGY CORPORATION6.53%75 029
SOUTHERN COMPANY2.12%66 281