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Orsted A/S (ORSTED.CO)

ORSTED.CO on Copenhagen Stock Exchange

409.80DKK
17 Oct 2018
Change (% chg)

kr.2.70 (+0.66%)
Prev Close
kr.407.10
Open
kr.409.00
Day's High
kr.414.30
Day's Low
kr.408.20
Volume
258,450
Avg. Vol
355,791
52-wk High
kr.442.20
52-wk Low
kr.332.30

Latest Key Developments (Source: Significant Developments)

Orsted's Race Bank Extension Offshore Wind Farm Gets Crown Estate Approval
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Orsted A/S ::ORSTED HAS RECEIVED APPROVAL FROM THE CROWN ESTATE TO PROGRESS ITS RACE BANK EXTENSION OFFSHORE WIND FARM.ORSTED SAYS RACE BANK EXTENSION COULD GENERATE ANOTHER 573 MW OF GREEN ELECTRICITY.SUBJECT TO THE OUTCOME OF THE PLAN LEVEL HABITATS REGULATIONS ASSESSMENT, CONSTRUCTION ACTIVITIES FOR RACE BANK EXTENSION WILL COMMENCE POST 2020.SUBJECT TO ALL NECESSARY CONSENTS BEING GRANTED, RACE BANK EXTENSION WILL BE ABLE TO PARTICIPATE IN FUTURE AUCTIONS FOR THE CONTRACTS FOR DIFFERENCE (CFD) SCHEME.RACE BANK EXTENSION IS A JOINT VENTURE BETWEEN ØRSTED (70%), GREEN INVESTMENT GROUP (17.5%) AND SUMITOMO CORPORATION (12.5%).  Full Article

Orsted Completes Acquisition Of Lincoln Clean Energy And Creates Onshore Wind Unit
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Orsted A/S ::COMPLETES ACQUISITION OF LINCOLN CLEAN ENERGY.SAYS WILL CREATE A NEW BUSINESS UNIT, ONSHORE WIND, WHICH WILL BE REPORTED AS A SEPARATE SEGMENT.FROM THE OUTSET, LCE WILL BE THE ONLY ACTIVITY IN ONSHORE WIND.SAYS OLE KJEMS SØRENSEN, EXECUTIVE VICE PRESIDENT AND MEMBER OF ØRSTED'S EXECUTIVE COMMITTEE, HAS BEEN APPOINTED TO LEAD ONSHORE WIND.CHANGING THE NAMES OF EXISTING BUSINESS UNITS TO OFFSHORE WIND (FORMERLY WIND POWER), BIOENERGY (FORMERLY BIOENERGY & THERMAL POWER) AND CUSTOMER SOLUTIONS (FORMERLY DISTRIBUTION & CUSTOMER SOLUTIONS).  Full Article

AMG Superalloys: Agreement With Ørsted On Renewable Sources
Friday, 21 Sep 2018 

Sept 21 (Reuters) - AMG ADVANCED METALLURGICAL GROUP NV ::AMG SUPERALLOYS HAS ENTERED INTO MULTI-YEAR AGREEMENT WITH ØRSTED TO PURCHASE 100% OF ITS POWER REQUIREMENTS FROM RENEWABLE SOURCES.PURCHASE STARTING IN OCTOBER 2018.CONTRACTS COVER FULL POWER REQUIREMENTS OF AMG SUPERALLOYS' PRODUCTION SITES ACROSS ENGLAND AND WALES.  Full Article

Dominion Energy, Ørsted Advance Offshore Wind Development
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Dominion Energy Virginia::DOMINION ENERGY, ØRSTED ADVANCE OFFSHORE WIND DEVELOPMENT.DOMINION ENERGY VIRGINIA - APPROVAL SOUGHT TO BUILD TWO, 6-MEGAWATT WIND TURBINES OFF VIRGINIA'S COAST.DOMINION ENERGY VIRGINIA SAYS THE $300 MILLION PROJECT WILL BE FUNDED THROUGH EXISTING BASE RATES, ENABLED BY GRID TRANSFORMATION & SECURITY ACT.  Full Article

NKT Awarded Hornsea 2 Offshore AC Cable Project
Wednesday, 4 Jul 2018 

July 4 (Reuters) - Nkt A/S ::REG-NKT AWARDED HORNSEA 2 OFFSHORE AC CABLE PROJECT.AWARDED A CONTRACT BY ØRSTED OF OVER EUR 145M (APPROX. DKK 1.08BN).AWARD OF HORNSEA 2 DOES NOT CHANGE 2018 FINANCIAL OUTLOOK FOR NKT..CONTRACT VALUE CORRESPONDS TO APPROX. EUR 110M IN STANDARD METAL PRICES (APPROX. DKK 820M).  Full Article

Orsted Says It Is Not Preparing EDPR Takeover - CMVM
Wednesday, 27 Jun 2018 

June 27 (Reuters) - PORTUGUESE SECURITIES MARKET COMMISSION (CMVM)::SAID ON TUESDAY ORSTED A/S <<>> INFORMED IT WAS NOT PREPARING POTENTIAL TRANSACTION CONCERNING ALL OR PART OF THE SHARES OF EDP RENOVAVEIS SA <<>> OR ANY OF ITS ASSETS OR AFFILIATES.  Full Article

Taiwan's First Offshore Wind Farm Reaches Financial Close
Friday, 8 Jun 2018 

June 8 (Reuters) - :ORSTED SAYS FINANCIAL CLOSE ACHIEVED FOR TAIWAN'S FORMOSA 1 OFFSHORE WIND FARM.ORSTED SAYS A FINANCIAL CONSORTIUM OF ELEVEN INTERNATIONAL AND LOCAL TAIWANESE BANKS AS WELL AS EKF DENMARK'S EXPORT CREDIT AGENCY HAS COMPLETED NT$18.7BN 16-YEAR PROJECT FINANCING.IT IS THE FIRST PROJECT FINANCING IN THE TAIWANESE OFFSHORE WIND INDUSTRY.FORMOSA 1 IS A JOINT VENTURE BETWEEN ØRSTED (35% OWNERSHIP), TAIWANESE DEVELOPER SWANCOR RENEWABLE (15%), AND MACQUARIE CAPITAL (50%).  Full Article

German Wind Power Company WPD Wins 1 GW Grid Capacity In Taiwan
Monday, 30 Apr 2018 

April 30 (Reuters) - GERMAN WIND POWER COMPANY WDP:GERMAN WIND POWER COMPANY WPD SAYS WINS 1 GW THROUGH BIDS FOR TAIWANESE OFFSHORE WIND PROJECTS YUNLIN & GUANYIN.THE YUNLIN PROJECT, WHICH WILL BE BUILT EIGHT KILOMETER OFF THE COAST OF YUNLIN COUNTY, WILL BE THE FIRST PROJECT AND COMMISSIONED IN 2020/2021 WITH ABOUT 650-700 MW.THE GUANYIN PROJECT, WHICH WILL BE BUILT TWO KILOMETER OFF THE COAST OF TAOYUAN COUNTY, WILL BE THE SECOND PROJECT AND WILL BE COMMISSIONED IN 2021 WITH ABOUT 350 MW.DENMARK'S ORSTED <<>> ANNOUNCED EARLIER ON MONDAY IT HAD WON 900 MW GRID CAPACITY IN ThE TAIWAN AUCTION nL8N1S71F1.  Full Article

Orsted CEO Sees Global Offshore Wind Market To Reach 75 GW By 2025
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Orsted A/S ::ORSTED CEO SAYS WE ESTIMATE THAT THE GLOBAL OFFSHORE WIND MARKET WILL REACH 75 GW BY 2025 AND WELL BEYOND 100 GW FROM 2030.  Full Article

Orsted Raises 2017 EBITDA Estimate To DKK 22.5 Bln
Wednesday, 10 Jan 2018 

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

PRESS DIGEST- New York Times business news - Oct 9

Oct 9 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.