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    ORSTED   DK0060094928

ORSTED A/S

(ORSTED)
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Orsted Moves Ahead With Combined Wind and Solar Project in South Texas

03/30/2021 | 01:30am EDT

By Dominic Chopping

Denmark's Orsted AS said Tuesday that it has taken a final investment decision on the combined wind and solar project Helena Energy Center in South Texas with an expected operational date in the first half of 2022.

The Danish renewable energy developer said the hybrid nature of the project allows it to maximize the use of the location, in an area characterized by strong coastal winds and sunshine.

The project takes Orsted's onshore operational and under construction portfolio to four gigawatts, spanning Texas, the Midwest, and Southeast U.S. across wind, solar, and storage.

Orsted added that with significant portfolio growth over the coming years, its U.S. energy trading team is being integrated into the company's onshore business, strengthening its ability to manage risk more dynamically. Ben Pratt has been appointed to lead the Chicago-based energy trading team and joins the onshore management.

Mr. Pratt previously served as senior managing director with Uniper Global Commodities (formerly E.On), and has extensive background managing portfolio risk across the entire power market complex, Orsted said.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

03-30-21 0330ET

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Financials
Sales 2021 55 148 M 8 891 M 8 891 M
Net income 2021 13 019 M 2 099 M 2 099 M
Net Debt 2021 22 284 M 3 593 M 3 593 M
P/E ratio 2021 32,7x
Yield 2021 1,25%
Capitalization 415 B 66 845 M 66 885 M
EV / Sales 2021 7,93x
EV / Sales 2022 7,46x
Nbr of Employees 6 179
Free-Float 44,8%
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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 1 068,88 DKK
Last Close Price 987,60 DKK
Spread / Highest target 72,1%
Spread / Average Target 8,23%
Spread / Lowest Target -44,3%
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
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