JERA, Macquarie Capital & Swancor Renewable Energy
128
0
35.0%
45
One-line
2017 (phase 1) / 2019 (phase 2)
Fixed feed-in tariff
2027
2037
7,109
3,459
Sub total, excl. parks under construction
128
0
45
Greater Changhua 1 (75 x SGRE-8.0-167)
605
605
100.0%
0
Full
2022 7
Fixed feed-in tariff13
2032 13
2042 13
6.280 13
4.142 13
Greater Changhua 2a (36 x SGRE-8.0-167)
295
295
100.0%
0
Full
2022 7
Fixed feed-in tariff13
2032 13
2042 13
6.280 13
4.142 13
Sub total, incl. parks under construction
900
900
45
Divested offshore wind farms, but constructed by Ørsted6
146
146
Totals
MW
Decided capacity (Installed capacity, incl divested farms and farms under construction)
9,858
Installed capacity (Installed capacity, inclusive divested farms but exclusive farms under construction)
6,820
Generation capacity (Generation capacity, including parks under construction but exclusive divested parks and one-line consolidated farms)
3,763
1 Assets in operation and assets where Final Investment Decision has been taken.
2 By 31 June 2020
3 The supplement depends on the development of market price and is increased pro rata - a market price below 260 DKK/MWh equals 100 DKK/MWh and over 360 DKK/MWh 0 DKK/MWh
4 Ørsted has installed Avedøre Holme (10,8 MW), however Ørsted has two of the three turbines on Avedøre Holme.
5 The first turbine reached approximately 20,019 Full Load Hours, whereas the second turbine is out of subsidy, by 31 December 2016
8 After expiry of fixed feed-in-tariff period expected in 2016, Nysted will receive market price + supplement dependent on the development of market price which is increased pro rata - a market price below 260 DKK/MWh equals 100 DKK/MWh and over 360 DKK/MWh 0 DKK/MWh
9 Floor price of 39 EUR/MWh for up to 20 years
10 Ørsted will, in accordance with the Dutch tender regulation, build Borssele 1 and 2 within four years from award (5 July 2016) with a flexibility of 1 year. Subsidy average is 72.7 EUR/MWh
11 With performance-enhancing features
12 80 turbines were constructed, however, today the wind farm consists of 79 turbines as one turbine was not replaced after a lightning incident in 2014
13 Developers have the option to choose between a 20-year flat tariff of TWD5,516 per MWh or a tiered tariff of TWD6,279.5 per MWh for the first 10 years and TWD4,142.2 per MWh for the subsequent 10 years. Ørsted has chosen the tiered rate.
14 Gulf Energy is in the process of acquiring 50% of Borkum Riffgrund 2 from Global Infrastructure Partners (GIP), the transaction is subject to final approval by the competition authorities
&1#&"Arial Black"&11&K4099DAINTERNAL
ON Asset Book
ONSHORE WIND and SOLAR FARMS1 - Asset Book updated as of 30 June 2020
Park capacity, MW
Installed capacity, MW
Orsted ownership share, %
Generation capacity, MW
Financial consolidation
Commercial operational date
USA
Partners
Subsidy regime
Subsidy expiry
Subsidy Qualification Level3
Wind
Willow Springs (100 x GE-2.5)
250
250
100%
250
Full
2017
PTC2
2027
100% PTC
Amazon (110 x GE-2.3)
253
253
100%
253
Full
2017
PTC2
2027
100% PTC
Tahoka (120 x GE-2.5)
300
300
100%
300
Full
2018
PTC2
2028
100% PTC
Lockett (75 x GE-2.45)
184
184
100%
184
Full
2019
PTC2
2029
100% PTC
Sage Draw (120 x GE-2.82)
338
338
100%
338
Full
2020
PTC2
2030
100% PTC
Plum Creek (82 x GE-2.8)
230
230
100%
230
Full
2020
PTC2
2030
100% PTC
Sub total, excl parks under construction
1,555
1,555
1,555
Willow Creek
103
103
100%
Full
2020
PTC2
2030
100% PTC
Sub total, incl parks under construction
1,658
1,658
1,555
Solar
Oak5
10
0%
Sub total, excl parks under construction
-
10
-
Permian energy center4
420
420
Sub total, incl parks under construction
420
430
-
Totals
MW
Decided capacity (Installed capacity, incl divested wind farms and farms under construction)
2,088
Installed capacity (Installed capacity, inclusive divested wind farms but exclusive farms under construction)
1,565
Generation capacity (Generation capacity, including wind farms under construction but exclusive divested farms and one-line consolidated farms)
1,555
1 Assets in operation and assets where Final Investment Decision has been taken
2 Production tax credits
3 100% PTC qualification yielded $24/MWh tax credit in 2018 and is adjusted yearly with inflation
4 Capaity in MWac. Excluding storage (40 MWac)
5 Divested in June 2020
MB Asset Book
HEAT AND POWER PLANTS - Asset Book updated as of 30 June 2020
Type
Ørsted ownership share %
Fuel Type
Biomass conversion1
Heat generation capacity (MW(th))
Heat generation capacity based on biomass (MW (th))
Power generationcapacity (MW(e))
Start-up year (major overhaul/lifetime extension)
Denmark
Avedøre 1
CHP
100%
Pellets, coal, fuel oil
2016
370
370
258
1990
Avedøre 2
CHP
100%
Pellets, straw, gas, fuel oil
2014
587
535
543
2002
Asnæs 22
CHP
100%
Coal, fuel oil
n.a.
-
-
1961 (2010)
Asnæs 6
CHP
100%
Wood chips, gas oil
2019
125
125
25
2019
Esbjerg 3
CHP
100%
Coal, fuel oil
n.a.
444
373
1992
Herning
CHP
100%
Pellets, chips, gas
2002 (co-firing), 2009 (conversion)
181
181
88
1982 (2009)
Skærbæk 3
CHP
100%
Wood chips, gas, gas oil
2017
563
330
389
1997
Studstrup 3
CHP
100%
Pellets, straw, coal, fuel oil
2016
513
513
362
1984 (2014)
H.C. Ørsted
CHP
100%
Gas
n.a.
436
65
1985 (2006)
Svanemølle
Heat
100%
Gas
n.a.
256
-
1994 (2008)
Kyndbyværket, Masnedø
Power
100%
Gas oil
n.a.
-
734
1974-76 (2007-08)
Total
3,475
2,054
2,837
1 Completed or with FID decision
2 Taken out of operation Q1 2020
OF Statistics 2011-Q2 2020
Offshore wind farms
Generation Ørsted share, GWh
FY 2019
FY 20181
FY 2017
FY 2016
FY 2015
FY 2014
FY 2013
FY 2012
FY 2011
Q2 2020
Q1 2020
Q4 2019
Q3 20192
Q2 20191
Q1 20191
Q4 20181
Q3 20181
Q2 20181
Q1 20181
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Denmark
Anholt
884
837
944
839
797
908
593
16
-
163
299
248
194
190
251
276
177
164
220
298
173
224
249
294
176
211
189
210
227
171
287
160
132
329
Horns Rev 1
156
169
233
235
246
264
239
264
268
33
62
67
44
41
4
15
42
47
65
66
50
53
64
66
46
72
63
50
58
75
73
51
65
75
Horns Rev 2
899
879
932
847
769
950
886
956
911
147
288
260
204
162
274
294
169
176
240
302
164
197
269
260
216
194
68
192
237
272
280
173
157
340
Nysted
247
255
290
253
288
293
261
288
300
52
75
56
55
54
82
79
46
55
75
96
50
71
73
76
57
75
82
66
47
93
83
59
50
101
Other DK farms (Avedøre Holme)
23
57
77
68
80
84
67
74
63
5
8
7
5
5
7
14
11
13
19
25
13
19
20
24
14
19
21
19
18
22
27
15
11
31
Sub total
2,209
2,197
2,476
2,242
2,180
2,499
2,046
1,598
1,542
399
732
638
503
453
617
678
445
455
619
787
450
564
675
720
509
571
423
537
587
633
750
458
415
876
United Kingdom
Barrow (one-line consolidated in 2013 and 2014)
278
277
290
280
307
-
-
149
160
52
76
83
66
52
78
88
52
44
93
92
56
61
81
76
46
91
87
57
68
95
-
-
-
-
Burbo Bank 1+2
711
690
618
264
325
293
294
257
293
134
262
214
161
122
214
234
126
87
243
175
149
134
160
75
38
88
102
54
71
98
95
48
46
104
Gunfleet Sands 1+2
255
273
256
269
291
255
271
262
493
51
104
85
51
42
76
85
49
43
96
85
46
52
73
70
51
98
94
50
62
85
80
38
41
96
Gunfleet Sand Demo
32
34
35
35
39
28
15
-
-
6
15
12
7
5
9
10
6
5
13
12
7
7
9
9
6
13
13
7
8
11
6
4
5
13
Lincs (pro-rata consolidated from February 2017)
243
245
237
-
-
-
-
-
-
48
93
73
53
47
71
76
43
42
83
79
53
57
48
-
-
-
-
-
-
-
-
-
-
-
London Array 1
490
519
536
567
610
745
1,003
65
-
109
218
200
87
68
135
152
90
89
189
180
102
106
148
154
105
205
205
104
126
175
176
85
92
392
Walney 1&2
691
676
765
567
707
726
709
693
326
121
230
210
158
122
202
224
133
80
239
245
161
157
202
188
121
101
169
144
168
226
220
122
130
254
Walney 3&4
1,348
1,120
103
249
458
410
303
253
381
422
271
204
222
101
2
West of Duddon Sands
734
754
808
735
734
374
-
-
-
128
251
228
176
109
221
244
144
114
252
252
176
166
214
208
125
215
173
160
164
237
227
75
57
13
Westermost Rough
430
440
452
421
277
23
-
-
-
84
152
130
96
72
132
140
75
82
143
143
90
101
118
116
91
129
112
69
69
27
23
-
-
-
Race Bank
1,054
1,089
416
212
414
327
234
174
319
325
191
207
366
314
92
10
Hornsea 1
1,150
470
793
575
386
167
21
Sub total
7,416
6,116
4,516
3,138
3,290
2,444
2,292
1,426
1,272
1,664
3,066
2,547
1,778
1,232
1,858
2,000
1,180
997
1,939
1,678
934
851
1,053
896
583
940
955
645
736
954
827
372
371
872
Germany
Borkum Riffgrund 1
491
488
542
522
321
-
-
-
-
89
190
161
105
89
136
147
88
112
141
147
102
121
172
166
109
148
170
108
42
1
-
-
-
-
Borkum Riffgrund 2
623
190
136
207
214
130
112
167
158
32
Gode Wind 1
629
584
559
67
-
-
-
-
-
108
210
193
134
132
170
179
110
141
154
160
117
143
139
31
-
-
-
-
-
-
-
-
-
-
Gode Wind 2
477
444
419
75
-
-
-
-
-
86
155
143
103
105
126
132
81
112
118
123
87
105
104
27
11
1
-
-
-
-
-
-
-
-
Sub total
2,220
1,706
1,520
664
321
-
-
-
-
420
762
711
471
439
599
616
311
365
413
430
306
369
415
224
120
149
170
108
42
1
-
-
-
-
Netherlands
Borssele 1&2
-
-
-
-
-
-
-
-
-
63
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Sub total
-
-
-
-
-
-
-
-
-
63
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
United States
Block Island
120
23
-
-
-
-
-
-
-
34
32
35
22
31
32
23
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Sub total
120
23
-
-
-
-
-
-
-
34
32
35
22
31
32
23
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total off-shore wind generation
11,965
10,042
8,512
6,044
5,791
4,943
4,338
3,024
2,814
2,580
4,592
3,931
2,774
2,155
3,106
3,317
1,936
1,817
2,971
2,895
1,690
1,784
2,143
1,840
1,212
1,660
1,548
1,290
1,365
1,588
1,577
830
786
1,748
Legacy
-
-
-
-
-
57
979
1,612
1,598
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
9
7
22
19
Total generation, GWh
11,965
10,042
8,512
6,044
5,791
5,000
5,317
4,636
4,412
2,580
4,592
3,931
2,774
2,155
3,106
3,317
1,936
1,817
2,971
2,895
1,690
1,784
2,143
1,840
1,212
1,660
1,548
1,290
1,365
1,588
1,586
837
808
1,767
Other generation, GWh
Lincs one-line consolidation
-
-
-
245
251
248
105
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
69
53
79
70
46
54
81
101
17
41
89
Barrow one-line consolidation
-
-
-
-
-
160
152
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
51
25
28
56
Formosa 1 one-line consolidation
47.6
9.2
4.0
-
-
-
-
-
-
34
34
38
5.7
1.6
2.3
3.1
1.8
1.7
2.6
4.0
1.2
1.5
-
-
-
-
-
-
-
-
-
-
-
-
Sub total
47.6
9.2
4.0
245
251
408
257
-
-
34
34
38.0
5.7
1.6
2.3
3.1
1.8
1.7
2.6
4.0
1.2
1.5
-
69
53
79
70
46
54
81
152
42
69
145
Total generation, including one-line consolidation, GWh
Decided (FID'ed) and installed capacity, offshore wind, GW
9.9
9.0
8.9
7.4
5.1
3.8
3.6
9.9
9.9
9.9
9.9
9.9
9.0
9.0
8.9
8.9
8.9
8.9
8.9
7.5
7.4
7.4
7.4
6.7
6.3
5.1
4.4
4.4
3.8
Installed capacity, offshore wind, GW
6.8
5.6
3.9
3.6
3.0
2.5
2.1
6.8
6.8
6.8
5.6
5.6
5.6
5.6
5.1
5.1
4.4
3.9
3.8
3.8
3.6
3.6
3.0
3.0
3.0
3.0
2.7
2.7
2.5
Generation capacity, offshore wind, GW
3.6
3.0
2.5
2.0
1.7
1.4
1.3
3.8
3.6
3.6
3.6
3.3
3.0
3.0
2.9
2.8
2.7
2.5
2.3
2.2
2.1
2.0
1.8
1.7
1.7
1.7
1.7
1.6
1.4
Wind speed5, m/s
9.2
9.1
9.3
8.9
9.7
9.2
9.0
8.0
12.1
10.0
8.5
8.0
10.4
10.3
7.7
7.9
10.3
11.0
7.9
8.5
9.9
9.4
8.1
7.8
10.2
Load factor1, %
42%
42%
44%
41%
45%
44%
42%
32%
60%
50%
37%
31%
51%
53%
32%
31%
55%
54%
34%
38%
50%
49%
35%
34%
46%
50%
36%
42%
55%
Availability2, %
93%
93%
93%
92%
93%
94%
93%
95%
93%
93%
93%
87%
96%
93%
92%
93%
94%
92%
92%
93%
93%
94%
92%
94%
89%
90%
93%
94%
94%
Power generation, TWh
12.0
10.0
8.5
6.0
5.8
5.0
5.3
2.6
4.6
3.9
2.8
2.2
3.1
3.3
1.9
1.8
3.0
2.9
1.7
1.8
2.1
1.8
1.3
1.2
1.7
1.5
1.3
1.4
1.6
Power sales7, TWh
27.6
27.4
5.5
8.8
7.7
7.0
5.7
7.2
7.7
5.2
5.4
9.2
Onshore
Decided (FID'ed) and installed capacity, wind and solar, GW
2.1
1.0
2.1
2.1
2.1
1.7
1.4
1.0
1.0
Installed capacity, wind and solar, GW
1.0
0.8
1.6
1.3
1.0
1.0
0.8
0.8
0.8
Generation capacity, wind and solar, GW
1.0
0.8
1.6
1.3
1.0
1.0
0.8
0.8
0.8
Wind speed5, m/s
7.3
7.3
8.0
7.5
7.3
6.6
7.7
7.8
7.3
Load factor1, wind, %
45%
41%
49%
44%
46%
39%
47%
47%
41%
Availability2, wind, %
98%
98%
96%
95%
98%
98%
97%
97%
98%
Power generation, wind and solar TWh
3.5
0.6
1.6
1.1
1.0
0.9
0.8
0.8
0.6
Markets & Bioenergy
Heat generation, TWh
8.3
8.8
1.0
3.1
3.0
0.5
1.1
3.7
2.8
0.3
0.9
4.8
Power generation, TWh
4.6
6.7
0.9
1.6
1.6
0.4
0.7
1.9
1.8
0.7
0.9
3.3
Power distribution, TWh
8.4
8.4
1.8
2.2
2.3
1.9
1.9
2.3
2.3
1.8
1.9
2.4
Gas distribution, TWh
-
-
-
-
-
-
-
-
-
-
-
-
Power sales7, TWh
14.7
15.3
3.0
3.6
4.1
3.3
3.3
4.0
4.3
3.5
3.5
4.1
Gas sales, TWh
125.0
131.1
20.1
26.7
36.7
30.8
31.7
25.8
25.5
31.3
33.9
40.4
Degree days3, number
2,399
2,526
436
1,065
882
108
269
1,140
884
76
149
1,417
Regulatory asset base (power)4, DKKm
11,431
10,957
11,431
11,431
11,431
10,957
10,957
10,957
10,957
10,623
Eliminations
Power sales6,7, TWh
(14.7)
(15.4)
(3.0)
(3.6)
(3.3)
(4.1)
(3.3)
(4.0)
(4.3)
(3.5)
(3.5)
(4.1)
Bioenergy
Degree days3, number
2,705
2,715
2,621
2,462
2,890
895
115
451
1,244
962
54
399
1,300
781
109
520
1,211
Heat generation, TWh
9.0
9.2
9.3
8.7
11.2
2.8
0.7
1.3
4.2
3.1
0.4
1.4
4.3
2.9
0.6
1.6
4.2
Power generation, TWh
8.2
8.4
7.1
8.7
13.8
2.3
1.2
1.5
3.2
3.0
1.3
1.1
3.0
2.5
0.4
1.2
3.0
Customers solutions
Regulatory asset base (power)4, DKKm
10,623
10,648
10,778
10,373
10,127
10,623
10,623
10,623
10,648
10,648
10,648
10,648
10,778
10,778
10,778
10,778
10,373
Power distribution, TWh
8.4
8.5
8.4
8.4
8.6
2.2
1.9
2.0
2.3
2.3
1.9
1.9
2.4
2.3
1.9
1.9
2.3
Gas distribution, TWh
-
5.8
8.1
8.2
9.0
-
-
-
-
-
1.1
1.5
3.2
2.4
1.1
1.5
3.1
Power sales, TWh
37.7
36.7
35.5
34.5
25.5
10.6
8.2
8.8
10.1
9.2
8.3
8.5
10.7
9.9
9.3
7.8
8.5
Gas sales, TWh
136.1
150.4
159.1
151.3
131.7
36.9
29.4
28.3
41.5
36.1
37.1
35.6
41.6
36.2
42.2
36.8
43.9
Oil & Gas
Oil and gas production, million BOE
21.4
36.6
40.9
41.8
31.7
-
7.3
6.6
7.5
9.0
8.9
8.7
10.0
EBITDA
6,436
6,507
9,754
8,591
7,324
-
1,389
2,598
2,449
2,140
1,658
1,705
1,004
Free Cash Flow
8,475
1,106
655
452
(5,631)
-
4,010
2,655
1,810
1,020
658
(1,049)
478
Capital employed
3,505
2,769
5,444
17,538
20,663
-
-
1,301
2,204
2,769
4,976
4,981
5,281
Social & Environmental
Employees (FTE), number
6,526
6,080
5,638
5,775
5,947
5,751
5,807
6,731
6,608
6,526
6,454
6,312
6,176
6,080
5,882
5,741
5,662
5,638
5,641
5,802
5,787
5,775
5,890
5,881
6,019
5,947
5,956
5,911
5,817
Lost time injury frequency (LTIF)8, per 1 million hours worked
2.1
1,,5
1.6
1.8
2.0
2.5
3.5
2.1
1.9
2.1
2.1
1.4
1.5
1.5
1.5
2.0
1.7
1.6
1.5
1.5
1.6
1.8
2.1
1.9
2.1
2.0
2.1
2.0
2.3
Total recordable injury rate (TRIR)8, per 1 million houers worked
4.9
4.7
6.4
6.8
9.7
10.9
12.0
4.7
4.7
4.9
4.5
4.1
4.3
4.7
5.0
6.2
6.7
6.4
6.7
6.5
6.4
6.8
7.4
8.5
9.2
Fatalities, number
1
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Green share of energy generation, %
86
75
64
50
49
44
35
86
90
90
87
85
80
83
71
80
68
76
60
64
56
56
47
54
43
Greenhouse gas intensity, g CO2e/kWh
65
131
151
224
220
280
311
84
53
44
62
71
85
87
212
123
147
106
203
150
170
183
329
210
232
225
217
217
218
1 Load factor: The ratio between the actual generation over a period relative to the potential generation which is possible by continuously exploiting the maximum capacity over the same period. 2 Availability: Production-based availability is the ratio of actual production to the possible production, which is the sum of lost production and actual production in a given period. 3 Degree days: Number of degrees in absolute figures in difference between the average temperature and the official Danish average indoor temperature of 17 degrees Celcius. 4 The figures indicate values from the latest regulatory financial statements. 5 Wind Speed indicates how many metres per second the wind has blown in the areas where we have wind farms. The weigthing is based on our generation capacity. 6 Eliminations is equal to the internal sale from Offshore to Markets & Bioenergy. The Ørsted power sales is the sum of Offshore, Markets & Bioenergy and elimations. 7 Power sales volumes have been reduced compared to previously announced volumes as we eliminated for internally sourced power generation volumes in Germany and the UK due to the new presentation of power sales volumes in Offshore 812 months rolling
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Ørsted A/S published this content on 12 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2020 08:27:13 UTC
Orsted A/S is one of the leading Danish energy groups. Net sales break down by activity as follows:
- development, construction and operation of offshore wind farms (72%): 17.8 TWh of wind energy produced in 2023. At the end of 2023, the group had an installed capacity of 8.9 GW;
- production and distribution of electricity, gas and bioenergy (24.6%): electricity (2.6 TWh sold in 2023), gas (16.9 TWh sold) and thermal energy (6.6 TWh produced). In addition, the group is developing an oil transport activity;
- development, construction and operation of onshore wind and solar PV farms (3.3%): operation of onshore wind and solar farms with an installed capacity of 4.2 GW;
- other (0.1%).
Net sales are distributed geographically as follows: Denmark (79.3%), the United Kingdom (12.8%), the United States (2.6%), Germany (2.2%), Taiwan (1.3%), Ireland (0.8%), Sweden (0.5%) and other (0.5%).