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Ørsted To Pioneer Deployment Of GE's Offshore Wind Turbine
SEAS-NVE Plans To Reduce Stake In Orsted To Around 5% Over Next 12 Months
Orsted To Divest Its Danish Power Distribution, Residential Customer And City Light Businesses
Orsted A/S, formerly Dong Energy A/S, is a Denmark-based energy company engaged in procuring, producing, distributing and trading energy and related products in Northwestern Europe. The Company operates through three segments: Wind Power, engaged in the development, construction and operations of wind farms; Bioenergy and Thermal Power, responsible for the generation of electricity and heat from thermal power stations; and Distribution and Customer Solutions, responsible for the purchase, sale and distribution of energy. The Company's competences are aimed at three core activities: development and construction of assets, operations and maintenance of assets, and sales and optimization of the energy commodities portfolio.
Kraftvaerksvej 53, Skaerbaek
Thomas Thune Andersen
Independent Chairman of the Board
President, Chief Executive Officer, Member of the Executive Board
Independent Deputy Chairman of the Board
Chief Financial Officer, Executive Vice President, Member of the Executive Board
Executive Vice President, Chief Executive Officer Bioenergy
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Orsted <ORSTED.CO> has agreed to sell its Danish power distribution and retail businesses to energy firm SEAS-NVE for 21.3 billion Danish crowns ($3.15 billion) on a cash and debt-free basis, the Danish utility said on Wednesday.
Orsted has agreed to sell its Danish power distribution and retail businesses to energy firm SEAS-NVE for 21.3 billion Danish crowns ($3.15 billion) on a cash and debt-free basis, the Danish utility said on Wednesday.
* Says power generation from existing sites was not satisfying
Orsted, the world's largest offshore wind energy developer posted second-quarter operating profit above expectations on Thursday thanks to ramped up power generation from new offshore wind farms.
Orsted on Wednesday reported higher first-quarter earnings from its offshore wind farms, in a positive sign for the Danish company's focus on renewables after selling its oil and gas business in 2017.
A setback for Danish energy group Orsted's plans to sell its domestic power network and private customer businesses will not derail its global expansion drive, the company's head of offshore wind said on Wednesday.
A setback for energy group Orsted's sale process of its Danish power network and private customer units will not curb its global growth ambitions, the group's head of offshore wind said.
The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:
Energy group Orsted <ORSTED.CO> said Monday it would halt the sale process of its Danish power distribution business after it became clear there was no longer political support for a divestment.
Danish energy company Orsted <ORSTED.CO>, 50.1 percent owned by the state, said on Sunday that the Finance Ministry had told it there was no longer political support for continuing divestment of its power distribution and residential customer businesses.
Danish energy group Orsted posted third-quarter profit well above analyst expectations on Thursday and lifted its outlook for the year, in part thanks to the contribution from new offshore wind projects.
Orsted <ORSTED.CO>, the world's largest offshore wind developer, said on Monday it would buy U.S.-based Deepwater Wind LLC for $510 million as part of its strategy to expand in a major growth market.
The world's largest offshore wind farm will open on Thursday off the northwest coast of England when Danish energy group Orsted <ORSTED.CO> unveils the Walney Extension project.
Danish offshore wind specialist Orsted aims to become one of a handful of future "renewable majors" that will lead a global transition from fossil fuels to green energy, the company's chief executive said.
Danish energy group Orsted <ORSTED.CO> 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.
Danish offshore wind farm developer Orsted said on Thursday it would buy U.S. wind farm developer Lincoln Clean Energy in a deal placing an enterprise valuation of $580 million on the U.S. firm.
* Looking at onshore wind and storage - CEO (Adds detail, background, shares)
The descendants of Danish scientist Hans Christian Orsted will take legal action on Friday against one of Denmark's biggest companies over its decision to change its name to Orsted <ORSTED.CO>, their lawyer said.
Orsted, the world's largest developer of offshore wind, did not bid in the Netherlands' zero-subsidy tender this week, its chief strategy officer told Reuters on Friday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.