Orsted AS

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Ørsted A/S engages in the provision of renewable energy solutions. It operates through the following segments: Offshore, Onshore, and Bioenergy and Other. The Offshore segment develops and operates offshore wind farms in the United Kingdom (UK), Germany, Denmark, Poland, the Netherlands, the U.S., Taiwan, Vietnam, and Korea. The Onshore segment includes wind, solar photovoltaic (PV), and storage projects across the Southern and Midwestern U.S. and in the UK and Ireland. The Bioenergy and Other segment deals with the generation of thermal power through combined heat and power (CHP) plants. The company was founded on March 27, 1972 and is headquartered in Fredericia, Denmark.

Denmark's Orsted said on Wednesday it would divest a 50% equity stake in three U.S. onshore projects to Energy Capital Partners for $572 million.

Orsted divests 50% stake in three US onshore projects for $572 mln

Denmark's Orsted said on Wednesday it has agreed to sell a 50% stake in its Greater Changhua 4 offshore wind farm to Taiwan's Cathay Life Insurance for about 11.6 billion Danish crowns ($1.64 billion).

Orsted sells 50% stake in Greater Changhua 4 wind farm for $1.64 bln

Brookfield Renewable Partners

Enphase Energy

First Solar

Vestas Wind Systems A/S

Shares of several renewable energy companies traded lower on Wednesday after Donald Trump was declared the winner of the presidential election, affording him a second term in the White House.

Trump election win sends green energy stock prices tumbling

Ørsted A/S. (OTCPK:DNNGY) Q3 2024 Earnings Conference Call November 5, 2024 8:00 AM ET Company Participants Mads Nipper - President & CEO Trond Westlie - EVP & CFO Conference Call Participants Peter Bisztyga - Bank of America Jenny Ping - Citigroup Deepa Venkateswaran - Bernstein Casper Blom - Danske Bank Harry Wyburd - BNP Paribas Alberto Gandolfi - Goldman Sachs Robert Pulleyn - Morgan Stanley Mark Freshney - UBS Dominic Nash - Barclays Olly Jeffery - Deutsche Bank Helene Kvilhaug Brondbo - DNB Markets Meike Becker - HSBC Ingo Becker - Kepler David Paz - Wolfe Research Mark Freshney - UBS Mads Nipper Good morning, good afternoon, everyone, and thank you for joining our earnings call.

Ørsted A/S. (DNNGY) Q3 2024 Earnings Call Transcript

The offshore wind industry has solutions that would address Swedish defence concerns, CEO of renewable energy group Orsted said on Tuesday after Sweden rejected applications to build 13 offshore wind farms in the Baltic Sea.

Swedish defence concerns over Baltic Sea wind farms can be addressed, says Orsted CEO

Orsted , the world's biggest offshore wind farm developer, on Tuesday reported third-quarter operating profit slightly below expectations and narrowed its full-year profit forecast.

Orsted Q3 operating profit falls slightly below expectations

Denmark's Orsted said on Wednesday it had agreed to sell a 12.45% minority stake in four of its operational British offshore wind farms to Brookfield in a transaction worth 1.75 billion pounds ($2.28 billion).

Orsted sells stakes in four UK offshore wind farms to Brookfield

Ørsted has faced significant profitability issues in wind projects, but recent developments, including Equinor's 10% stake acquisition, suggest the stock is undervalued. Equinor's investment indicates confidence in Ørsted's potential and a belief that the company won't need to dilute equity with a rights issuance. DNNGY could benefit from a decline in interest rates, especially with the derisked Hornsea 3 project resubmitted to UK renewable auctions.

Ørsted: Seeing Some Stability And Upside From The Speculative 'Buy'

Equinor

European stocks made a slight recovery, reversing earlier losses, as a series of trade announcements improved market sentiment. Signs that the European Central Bank is gearing up for interest rate cuts further buoyed the market.

European Stocks Edge Higher; Orsted (ORSTED) Soars on Equinor Deal

Equinor plans to allocate more than 50% of its investments in renewable and low-carbon projects by 2050, from around 20% in 2023.

Equinor Buys 9.8% Stake in Orsted as Part of Renewables Push

Norway's Equinor said on Monday it has bought a 9.8% stake in Danish renewable energy group Orsted and plans to raise this to 10%, making it the second largest shareholder after the Danish state.

Equinor buys 9.8% stake in Orsted

SSE PLC (LSE:SSE), Orsted and Scottish are among firms to have secured contracts under the UK's latest offshore energy allocation round. After no bids were submitted in last year's auction, nine offshore wind contracts were awarded in the UK's sixth allocation round, the government announced on Tuesday.

SSE, Orsted, ScottishPower win contracts in latest offshore wind auction

Iberdrola SA

Orsted and Iberdrola were among the offshore wind developers who won guaranteed electricity price contracts in Britain's latest renewable power auction, government documents showed on Tuesday.

Orsted, Iberdrola among winners of British renewable power auction

Denmark's Orsted will shut down its last coal-fired power units this week, it said on Thursday, marking a milestone in its transition to fossil-free energy generation.

Energy group Orsted shuts down its last coal-fired plant

Orsted A/S. (OTCPK:DNNGY) Q2 2024 Earnings Conference Call August 15, 2024 8:00 AM ET Company Participants Mads Nipper - Group President and Chief Executive Officer Trond Westlie - Executive Vice President and Group Chief Financial Officer Conference Call Participants Kristian Tornoe - SEB Harry Wyburd - BNP Paribas Exane Alberto Gandolfi - Goldman Sachs Jenny Ping - Citi Casper Blom - Danske Bank Deepa Venkateswaran - Bernstein Mark Freshney - UBS Helene Kvilhaug Brondbo - DNB Markets Lars Heindorff - Nordea Ahmed Farman - Jefferies Olly Jeffery - Deutsche Bank Dominic Nash - Barclays Ide Kearney - Pictet David Paz - Wolfe Research Operator Ladies and gentlemen, welcome to this Orsted Q2 2024 earnings call.

Orsted A/S. (DNNGY) Q2 2024 Earnings Call Transcript

Offshore wind farm developer Orsted has no Chinese turbines in its current project pipeline, its CEO said on Thursday, but did not rule buying turbines or technology from China in the future.

Wind developer Orsted does not rule out Chinese turbine technology

Orsted , the world's biggest offshore wind farm developer, on Thursday reported second-quarter operating profit above expectations and kept its full-year profit forecast unchanged but said it would lower investments this year.

Orsted posts Q2 profits above expectations, keeps guidance unchanged

Tesla

Renewable energy group Orsted DNNGY decided to invest in a battery energy storage system to stabilize the U.K. energy supply and reduce price volatility.

Orsted Invests In Tesla-Powered Battery Storage In UK: Details

Renewable energy group Orsted will install a Tesla Megapack battery storage system linked to Britain's Hornsea 3 offshore wind farm, the Danish company said on Wednesday.

Orsted to install Tesla battery for UK offshore wind farm

The New York State Energy Research and Development Authority (NYSERDA) said on Tuesday it had finalized contracts for Equinor's Empire Wind 1 and Orsted's and Eversource's Sunrise Wind offshore wind projects.

New York finalizes offshore wind contracts for Equinor, Orsted projects

New Jersey officials said the state will receive $125 million from a legal settlement with Denmark's Orsted over the company's cancellation last year of two offshore wind farms.

Orsted, New Jersey reach settlement over canceled offshore wind farms

Danish company Orsted has secured an investment of $680 million in tax equity financing from J.P. Morgan for a portfolio of solar and storage assets in Texas and Arizona, the clean energy developer said on Thursday.

Orsted receives $650 mln tax equity financing from J.P. Morgan

Renewable energy developer Orsted announced on Thursday won a $680 million investment from JPMorgan for two of its energy projects, including Eleven Mile Solar near Coolidge, Arizona. Eleven Mile Solar has more than 857,000 solar panels and 2,000 battery cubes, and will be able to power roughly 65,000 homes.

Denmark's Orsted wins $680 million JPMorgan backing for U.S. solar and battery projects

Orsted presented a solid Q1 2024 quarterly report. Pipeline of offshore wind projects is large (7.6 GW under construction) and the 2030 goal is 20-22 GW. Huge opportunities with global goals for trebling renewables by 2030.

Orsted: Getting Back On Track

Renewable energy investors have experienced a roller-coaster ride, with the sector facing headwinds and a massive correction. Ørsted A/S, a global leader in offshore wind, has seen its stock price decline due to write-downs on its U.S. projects. Despite setbacks, Ørsted delivered solid Q1 2024 results, with higher offshore earnings and progress on projects under construction.

News for Orsted AS Stock (DNNGY)