Orsted’s green energy transformation drives profits. … Orsted, formerly known as Danish Oil and Natural Gas, has made the biggest shift of any oil and gas producer into green energy, rebranding itself, shedding its fossil fuel assets and refocusing on wind power.
FT 1st Nov 2018 read more »
Danish energy giant Ørsted is powering forward on its transition to a 100 per cent green power business, with its third quarter financial results today revealing a surge in earnings from offshore wind and a jump in its green share of generation. Ørsted said operating profits for the first nine months of 2018 were up 14 per cent to DKK10.8bn ($1.65bn), compared to the same period in 2017, mainly driven by a 32 per cent uptick in operating profits from its wind farms. That’s thanks to a number of Ørsted’s major wind projects coming on line this year, including the world’s largest wind farm, the Walney Extension, which opened off the Cumbrian coast in September.
Business Green 1st Nov 2018 read more »
Telegraph 1st Nov 2018 read more »