Ørsted A/S
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Rasmus Errboe
- Full Time Employees
- 8,251
- Sector
- Utilities
- Industry
- Renewable Utilities
- Address
- Kraftvaerksvej 53 Fredericia Denmark 7000
- IPO Date
- Nov 15, 2017
- Website
- orsted.com
- Similar Companies
- Business
- Ørsted A/S (CPH:ORSTED) develops, constructs, owns, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants; it offers renewable hydrogen solutions, waste-to-energy services, and smart energy products including energy management and efficiency recommendations. The company operates through Offshore, Onshore, Markets & Bioenergy, and Power-to-X segments, serving utility, corporate, and community customers worldwide with a focus on Europe including Denmark, the United Kingdom, Germany, the Netherlands, Poland, Taiwan, and North America. Founded in 2006 through the merger of Danish energy companies and formerly known as DONG Energy until its 2017 name change, Ørsted is headquartered in Fredericia, Denmark, and ranks as the global leader in offshore wind power with over 15 GW of installed renewable capacity. In recent developments, Ørsted partnered with Apollo-managed funds in November 2025 on a $6.5 billion deal granting Apollo a 50% stake in the 2.9 GW Hornsea 3 offshore wind project in the UK, the world's largest single offshore wind farm, while retaining operational control; it also signed an agreement in October 2024 with Brookfield Renewable to divest 12.45% minority stakes in four operational UK offshore wind farms (Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension) totaling 3.5 GW for GBP 1.745 billion, maintaining majority ownership and governance. These transactions advance Ørsted's partnership and divestment program targeting DKK 70-80 billion in proceeds through 2026, as outlined in its 2024 annual report, supporting further renewable expansions amid its goal of net-zero generation by 2025 and no carbon emissions by 2040. The Danish government holds a 50.1% majority stake, with operations bolstered by ongoing projects like Borssele 1&2 in the Netherlands and joint ventures in US offshore wind.
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