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Orsted A/S (ORSTED.CO)

ORSTED.CO on Copenhagen Stock Exchange

406.30DKK
20 Aug 2018
Change (% chg)

kr.-0.70 (-0.17%)
Prev Close
kr.407.00
Open
kr.407.60
Day's High
kr.407.60
Day's Low
kr.405.30
Volume
11,027
Avg. Vol
432,458
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kr.432.00
52-wk Low
kr.320.00

Latest Key Developments (Source: Significant Developments)

Siemens Gamesa And Orsted Sign Offshore Turbine Supplier Contract In US
Thursday, 9 Aug 2018 08:40am EDT 

Aug 9 (Reuters) - Siemens Gamesa ::SIEMENS GAMESA AND ØRSTED SIGN FIRST US OFFSHORE TURBINE SUPPLIER CONTRACT.  Full Article

Ørsted And Siemens Gamesa Sign First U.S. Offshore Turbine Supplier Contract
Thursday, 9 Aug 2018 08:00am EDT 

Aug 9 (Reuters) - ØRSTED ::ØRSTED AND SIEMENS GAMESA SIGN FIRST U.S. OFFSHORE TURBINE SUPPLIER CONTRACT.ORSTED A/S - WILL DEVELOP DOMINION ENERGY'S COASTAL VIRGINIA OFFSHORE WIND PROJECT USING SIEMENS GAMESA WIND TURBINES.  Full Article

Orsted Sells Stake In Dutch Power Plant To Castleton Commodities
Tuesday, 12 Jun 2018 04:18am EDT 

June 12 (Reuters) - ORSTED A/S ::SAYS HAS ENTERED INTO AN AGREEMENT TO SELL ITS 50 PERCENT OWNERSHIP SHARE IN THE ENECOGEN POWER PLANT IN ROTTERDAM TO A WHOLLY OWNED SUBSIDIARY OF CASTLETON COMMODITIES INTERNATIONAL.THE SALE IS SUBJECT TO CERTAIN CUSTOMARY CLOSING CONDITIONS, AND CLOSING IS EXPECTED TO TAKE PLACE IN Q3 2018.FOLLOWING THE DIVESTMENT, ØRSTED WILL NO LONGER OWN POWER PLANTS OUTSIDE OF DENMARK.  Full Article

Danish high court acquits Orsted of abusing dominant market position in Elsam case
Thursday, 24 May 2018 05:08am EDT 

May 24 (Reuters) - Orsted A/S ::HIGH COURT OF WESTERN DENMARK RULES IN FAVOUR OF ØRSTED IN CASE CONCERNING FORMER ELSAM.HIGH COURT OF WESTERN DENMARK ACQUITS ØRSTED OF CLAIM THAT ELSAM ABUSED A DOMINANT POSITION IN MARKET FOR WHOLESALE OF PHYSICAL ELECTRICITY IN WESTERN DENMARK IN PERIOD FROM 1 JANUARY 2005 TO 30 JUNE 2006.."WE'RE VERY PLEASED WITH JUDGMENT DELIVERED BY HIGH COURT OF WESTERN DENMARK. THEY'VE LISTENED TO OUR ARGUMENTS AND AGREED THAT THE DECISION OF THE COMPETITION AUTHORITIES WAS MADE ON AN INCORRECT BASIS,” SAYS CFO MARIANNE WIINHOLT..PREVIOUSLY, ØRSTED HAS MADE PROVISIONS OF DKK 298M PLUS LITIGATION INTEREST FROM COMMENCEMENT OF ACTION FOR DAMAGES TO COVER ANY COMPENSATION PAYABLE..JUDGMENT DELIVERED BY HIGH COURT OF WESTERN DENMARK TODAY DOES NOT CONCERN ACTION FOR DAMAGES..THE INFORMATION DOES NOT CHANGE ØRSTED’S PREVIOUSLY ANNOUNCED OUTLOOK FOR THE 2018 FINANCIAL YEAR.  Full Article

Ørsted Wins 551.75MW In German Offshore Wind Auction
Friday, 27 Apr 2018 06:19am EDT 

April 27 (Reuters) - ORSTED A/S ::REG-ØRSTED WINS 551.75MW IN GERMAN OFFSHORE WIND AUCTION.ØRSTED WILL BUILD 1,141.75MW NEW OFFSHORE WIND CAPACITY IN GERMANY BY 2024/2025,.IN TOTAL, THIS MEANS THAT ØRSTED WILL BUILD 1,141.75MW NEW OFFSHORE WIND CAPACITY IN GERMANY BY 2024/2025.  Full Article

Orsted Q1 Operating Profit Stronger Than Expected, Lifts 2018 Guidance
Thursday, 26 Apr 2018 02:06am EDT 

April 26 (Reuters) - Orsted A/S ::REG-INTERIM REPORT FOR Q1 2018.SAYS WE INCREASE OUR EBITDA GUIDANCE FOR 2018 FROM DKK 12-13 BILLION TO DKK 12.5-13.5 BILLION.ORSTED Q1 EBITDA DKK 5.5 BILLION VERSUS DKK 4.03 BILLION SEEN IN REUTERS POLL.SAYS INCREASE IS DUE TO AN OPERATIONALLY STRONG START TO YEAR AS WELL AS A POSITIVE OUTCOME OF AN ARBITRATION RELATED TO A GAS PURCHASE CONTRACT.CEO SAYS WE HAVE HAD A STRONG START TO YEAR WITH GOOD EARNINGS FROM OUR OFFSHORE WIND BUSINESS, WHERE EBITDA ALMOST DOUBLED COMPARED TO Q1 2017.CEO SAYS AS A RESULT OF AN OPERATIONALLY STRONG START TO YEAR AND A POSITIVE ARBITRATION OUTCOME REGARDING A GAS PURCHASE CONTRACT, WE HAVE INCREASED OUR EBITDA GUIDANCE BY DKK 0.5 BILLION TO DKK 12.5-13.5 BILLION.SAYS OFFSHORE WIND BUSINESS HAS PERFORMED VERY WELL IN Q1 WITH HIGH YIELDS FROM OUR OPERATING ASSETS AND GOOD PROGRESS ON OUR CONSTRUCTION PROJECTS.SAYS SELECTION OF PREFERRED BIDDER OR BIDDERS IN MASSACHUSETTS AUCTION WILL EXPECTEDLY BE ANNOUNCED IN LATE MAY.SAYS MAY. IN ADDITION, RESULT OF 3.5GW GRID ALLOCATION IN TAIWAN IS EXPECTED WITHIN WEEKS.SAYS IN APRIL, WE SUBMITTED A BID IN AUCTION IN CONNECTICUT, COMPETING FOR 200MW OF OFFSHORE WIND CAPACITY. WE ALSO SUBMITTED BIDS IN GERMAN AUCTION, WHERE WE EXPECT TO RECEIVE RESULTS WITHIN WEEKS.SAYS INCREASED OUR SHARE OF RENEWABLE ENERGY FROM 56% IN Q1 2017 TO 68% IN Q1 2018.  Full Article

Orsted Receives Environmental Impact Assessment Approvals For Taiwan Offshore Wind Projects
Friday, 9 Feb 2018 06:45am EST 

Feb 9 (Reuters) - ORSTED A/S ::ORSTED SAYS ØRSTED RECEIVES ENVIRONMENTAL IMPACT ASSESSMENT APPROVALS FOR FOUR OFFSHORE WIND PROJECTS IN TAIWAN.ORSTED SAYS WITH THE APPROVALS, IT HAS SECURED EXCLUSIVITY OVER THE DEVELOPMENT OF THESE FOUR SITES.ORSTED SAYS SUBJECT TO ØRSTED'S FINAL INVESTMENT DECISION, CONSTRUCTION OF THE FIRST OF THE FOUR PROJECTS COULD POTENTIALLY START AS EARLY AS 2019.THE NEXT STEP FOR THE FOUR GREATER CHANGHUA PROJECTS IS TO SECURE THE CORRESPONDING GRID CAPACITY IN 2018 AND OBTAIN THE ESTABLISHMENT PERMIT LATEST END OF 2019.SHORTLY THEREAFTER, ØRSTED AIMS TO SECURE THE FEED-IN-TARIFF BY SIGNING THE POWER PURCHASE AGREEMENT.  Full Article

Orsted Invests In Energy Storage Project in Taiwan
Thursday, 8 Feb 2018 03:02am EST 

Feb 8 (Reuters) - Orsted A/S ::ORSTED SAYS INVESTS IN STORAGE PROJECT IN TAIWAN.ORSTED SAYS THE PILOT ENERGY STORAGE SYSTEM, TO BE BASED ON LITHIUM-ION BATTERY TECHNOLOGY,WILL BE THE FIRST MW-SIZE FACILITY IN TAIWAN.ORSTED SAYS WILL WORK WITH THE CHANGHUA COUNTY GOVERNMENT, TAIPOWER, INDUSTRIAL TECHNOLOGY RESEARCH INSTITUTE (ITRI), AND NATIONAL CHANGHUA UNIVERSITY OFEDUCATION (NCUE).  Full Article

Orsted Q4 Ebitda Beats Expectations
Thursday, 1 Feb 2018 02:00am EST 

Feb 1 (Reuters) - Orsted A/S says::‍EBITDA (BUSINESS PERFORMANCE) EXCLUDING NEW PARTNERSHIP AGREEMENTS IS EXPECTED TO BE DKK 12-13 BILLION IN 2018 COMPARED WITH DKK 12.7 BILLION IN 2017​.‍SHOULD DIVESTMENT MATERIALIZE IN 2018, EBITDA INCLUDING NEW PARTNERSHIPS IS EXPECTED TO BE HIGHER THAN DKK 22.5 BILLION ACHIEVED IN 2017​.Q4 EBITDA DKK 13.03‍​ BILLION (REUTERS POLL: DKK 12.06 BILLION).Q4 NET PROFIT DKK 9.43‍​ BILLION (REUTERS POLL: DKK 8.60 BILLION).‍FROM 2018, WE HAVE DECIDED TO CHANGE OUR GUIDANCE METHOD​.‍IN FUTURE, OUR GUIDANCE WILL ONLY INCLUDE EFFECT FROM EXISTING OFFSHORE WIND PARTNERSHIP AGREEMENTS​.‍PREVIOUSLY, OUR OUTLOOK ALSO INCLUDED EFFECT FROM PARTNERSHIP AGREEMENTS WHICH WE EXPECTED TO CONCLUDE DURING YEAR​.‍WE STILL EXPECT A 50% FARM-DOWN OF HORNSEA 1, EITHER IN H2 2018 OR IN 2019​.‍GROSS INVESTMENTS FOR 2018 ARE EXPECTED TO AMOUNT TO DKK 16-18 BILLION​.‍IN 2017, EBITDA FROM NEW PARTNERSHIPS CONCERNING WALNEY EXTENSION AND BORKUM RIFFGRUND 2 TOTALLED DKK 9.8 BILLION​.‍BOARD OF DIRECTORS RECOMMENDS THAT DIVIDEND PAYMENTS BE INCREASED BY 50% FROM DKK 6 TO DKK 9 PER SHARE (DKK 3.8 BILLION IN TOTAL)​.CEO SAYS ‍WE ARE WORKING TO EXPAND OUR PORTFOLIO OF LONG-TERM GROWTH OPPORTUNITIES WITHIN GREEN ENERGY​.CEO SAYS ‍FOR INSTANCE, WE HAVE ESTABLISHED A NEW UNIT TO EXPLORE ENERGY STORAGE AND SOLAR PV PROJECTS, AND WE ARE ALSO LOOKING MORE CLOSELY AT MARKET FOR ONSHORE WIND​.  Full Article

Orsted Raises 2017 EBITDA Estimate To DKK 22.5 Bln
Wednesday, 10 Jan 2018 02:56am EST 

Jan 10 (Reuters) - ORSTED A/S ::SAYS EXPECTS AN OPERATING PROFIT (EBITDA) OF APPROX DKK 22.5 BILLION FOR 2017, WHICH IS AN IMPROVEMENT ON OUR MOST RECENT OUTLOOK OF AROUND DKK 21 BILLION."THE INCREASE IS PRIMARILY ATTRIBUTABLE TO STRONG EARNINGS FROM OUR OFFSHORE WIND FARMS IN OPERATION IN THE LAST PART OF THE YEAR, INCLUDING FROM STRONGER WINDS AND FASTER RAMP-UP OF GENERATION FROM THE NEW OFFSHORE WIND FARMS RACE BANK AND WALNEY EXTENSION"."IN ADDITION, EARNINGS FROM PARTNERSHIP AGREEMENTS ARE BETTER THAN EXPECTED DUE TO GOOD PROGRESS AND LOWER COSTS ON THE CONSTRUCTION CONTRACTS FOR RACE BANK AND WALNEY EXTENSION".  Full Article

Danish energy group Orsted buys U.S onshore wind developer

COPENHAGEN Danish energy group Orsted has agreed to buy U.S. onshore wind farm developer Lincoln Clean Energy (LCE) in a $580 million deal, aiming to gain a foothold in what it sees as a key growth market.