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Windtech International May June 2024 issue

 

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Ørsted’s Board of Directors approved the interim report for the first nine months (9M) of 2019. They achieved an operating profit (EBITDA) of DKK 12.9 billion, up 19% compared to 9M 2018.
 
Earnings from their offshore wind farms in operation increased by 23%, driven by ramp-up of generation from new wind farms. In addition, their onshore wind business contributed positively to the year-on-year development as did higher earnings from their trading activities. This was partly offset by higher project development costs, a positive outcome of a gas sourcing arbitration case in 2018, and a temporarily negative effect from their gas at storage due to the substantial drop in gas prices during 2019. The green share of heat and power generation increased from 71% to 83%.
 
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