Ørsted generates record renewable energy this quarter
It produced 27% more offshore power than Q1 2025, with EBITDA of DKK 9.5 billion. Upcoming 8.1 GW wind farms will boost output amid global energy crisis.
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Renewable energy company
orsted.comLast updated
In short: Ørsted achieved significant operational milestones at the Hornsea 3 and Baltica 2 projects despite reporting a 46% decrease in Q1 2026 net profit.
It produced 27% more offshore power than Q1 2025, with EBITDA of DKK 9.5 billion. Upcoming 8.1 GW wind farms will boost output amid global energy crisis.
EBITDA reached DKK 9.5 billion, up 11% from last year, driven by higher offshore generation. Construction milestones achieved across US, Europe, and Asia. Full-year guidance maintained.
Ørsted finalizes the sale to Copenhagen Infrastructure Partners (CIP), following the 3 February 2026 announcement.
The agreement focuses on efficient planning and delivery of offshore wind electrical systems, reducing lead times, risks, and costs. Patrick Harnett highlights its role in affordable energy.
Ørsted major shareholder drops renewable energy target. Oil and gas production must be ramped up in the coming years, while a target for expanding renewable energy is dropped...
Ørsted has allocated its EUR 100 million blue bond to projects supporting offshore wind while protecting marine ecosystems.
The Danish company Ørsted plans an offshore wind farm off the Isle of Man and promises residents cheaper electricity tariffs.
Abu Dhabi pours billions into Ørsted projectAbu Dhabi's state investment fund Mubadala Investment Company has invested nearly 2.1 billion DKK in Ørsted's Hornsea 3 offshore wind farm off the coast...
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