Annual report 2020 – Very strong results, both operationally and financially padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
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Feb 3, 2021 7:15 AM UTC
TIDMORSTED Today, Ørsted s Board of Directors approved the annual report for
2020. Our operating profit (EBITDA) amounted to DKK 18.1 billion, a 4 %
increase compared to last year and above our most recent guidance of DKK
16-17 billion. Earnings from offshore and onshore wind farms in operation increased by
14 % to DKK 16.9 billion, driven by the ramp-up of power generation from
Hornsea 1, Borssele 1 & 2, Lockett, Sage Draw, Plum Creek, and Willow
Creek. In addition, our year-on-year development was positively impacted
by the receipt of CfDs of another 400 MW of Hornsea 1 from April, and
higher wind speeds. This was partly offset by adverse COVID-19 impacts
Wind drives Ørsted’s 2020 profit increase
Danish energy giant Ørsted was boosted by increased generation from onshore and offshore wind farms in the UK, the US and the Netherlands last year
by Craig Richard
Ramp-up of production at the Hornsea One offshore wind farm helped boost Ørsted s profits in 2020
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