Table of Contents
Table of Contents 2
List of Tables 4
Company Snapshot 6
Key Information 6
Company Overview 6
SWOT Snapshot 6
Operational Metrics 7
Orsted AS, Operational Metrics, By Capacity 7
Orsted AS, Operational Metrics, By Generation 7
Orsted AS, Operational Metrics, By Segmental Information 7
Orsted AS, Operational Metrics, By Sales 8
Orsted AS, Wind Farms 9
Orsted AS, Wind Farms, United Kingdom 9
Orsted AS, Biopower Plants 16
Orsted AS, Biopower Plants, Denmark 16
Orsted AS, Thermal Power Plants 17
Orsted AS, Thermal Power Plants, United Kingdom 17
Business Description 19
Business Overview 19
Bioenergy & Thermal Power 19
Distribution & Customer Solutions 19
Wind Power 19
Major Products and Services 20
History 21
SWOT Analysis 57
Overview 57
Orsted AS Strengths 57
Orsted AS Weaknesses 58
Orsted AS Opportunities 58
Orsted AS Threats 59
Financial Ratios – Capital Market Ratios 60
Financial Ratios – Annual Ratios 60
Financial Ratios – Interim Ratios 62
Key Employees 63
Key Employee Biographies 64
Company Statement 65
Locations And Subsidiaries 66
Head Office 66
Other Locations & Subsidiaries 66
Financial Deals Landscape 69
Orsted AS, Deals Summary 69
Orsted AS, Power, Deal Details 72
Asset Transactions 72
Partnerships 89
Equity Offering 92
Debt Offering 101
Asset Transactions 110
Acquisition 141
Recent Developments 146
Orsted AS – Recent Developments 146
Appendix 591
Report Scope 591
GlobalData Coverage 591
GlobalData’s Methodology 591
Contact Us 592
Disclaimer 592
Orsted AS, Key Facts 28
Orsted AS, Operational Metrics, Capacity 29
Orsted AS, Operational Metrics, Generation 29
Orsted AS, Operational Metrics, Segmental Information 29
Orsted AS, Operational Metrics, Sales 30
Orsted AS, Wind Farms, United Kingdom 31
Orsted AS, Biopower Plants, Denmark 38
Orsted AS, Thermal Power Plants, United Kingdom 39
Major Products and Services 42
Orsted AS, SWOT Analysis 79
Orsted AS, Ratios based on current share price 82
Orsted AS, Annual Ratios 82
Orsted AS, Interim Ratios 84
Orsted AS, Key Employees 85
Orsted AS, Other Locations 88
Orsted AS, Subsidiaries 88
Orsted AS, Deals Summary 91
Macquarie Capital and DONG Energy to Acquire 85% Stake in Formosa 1 Offshore Wind Power Project in Miaoli County, Taiwan from Swancor Renewable Energy 94
DONG Energy Acquires Offshore Wind Development Lease in New Jersey, US from RES America Developments 96
DONG Energy to Acquire Offshore Wind Development Project in Massachusetts, US from RES America Developments 97
Dong Energy Acquires Remaining 66.66% Stake in Hornsea Project One Offshore Wind Power Project in Yorkshire, UK from SMart Wind 98
DONG Energy Acquires Remaining 50% Interest in Barrow Offshore Wind Power Project in England, UK from Centrica for USD78 Million 99
DONG Energy Acquires Borkum Riffgrund West II Offshore Wind Power Project in Germany from Energiekontor 100
Dong E&P Acquires Race Bank Offshore Wind Farm Project In UK From Centrica RBW For US$82 Million 101
DONG Energy Acquires Remaining 50% Stakes In Three Offshore Wind Projects In Denmark From SSE For US$23.4 Million 102
DONG Energy Acquires 100% Stake In Portfolio Of Wind Farms From PNE Wind In Germany 103
DONG Energy To Acquire Centrica Energy Renewable Investments From Centrica For US$63.5 Million 105
Dong Energy Invests US$1.6 Billion In Walney Wind Power Project In England, UK 106
Orsted, Swancor Renewable Energy and Macquarie Capital Complete Project Financing of USD628.5 Million for Phase II of Formosa 1 Offshore Wind Farm in Taiwan 107
Dong Energy and ScottishPower Completes Project Financing of USD531.6 Billion for West of Duddon Sands Wind Project in Cumbria, UK 109
DONG Energy Receives Grant Of US$1.7 Million For Westermost Rough Wind Project In UK 110
Semcon To Form Partnership with DONG Energy 111
Dong Energy, E.ON And Strabag International Forms Joint venture 112
DONG Energy Enters Into Partnership With EuroSite Power 113
DONG Energy to Raise USD679.1 Million in Public Offering of Shares 114
DONG Energy to Raise USD388.3 Million in Public Offering of Shares 115
DONG Energy Prices Secondary Offering of Shares for USD941.2 Million 116
Dong Energy Completes Underwriter’s Exercise of Over-Allotment Option of IPO for USD2.95 Billion 118
Dong Energy Completes Private Placement Of Shares For US$2.37 Billion 120
Orsted to Raise USD590.3 Million in Public Offering of Green Hybrid Capital Securities Due 3017 123
Orsted Raises USD885.4 Million in Public Offering of 1.5% Green Senior Bonds Due 2029 124
Dong Energy Raises USD565.5 Million in Public Offering of 6.5% Bonds Due 2019 125
Dong Energy Raises USD848.2 Million in Public Offering of 2.625% Bonds Due 2022 126
Dong Energy Raises USD565.5 Million in Public Offering of 4% Bonds Due 2016 127
Dong Energy Raises USD565.5 Million in Public Offering of 4.875% Bonds Due 2021 128
DONG Energy Completes Public Offering Of Securities, Due 3015 For US$655 Million 129
Dong Energy Completes Public Offering Of 2.625% Bonds Due 2022 For US$961 Million 130
DONG Energy Competes Public Offering Of 4.875% Bonds Due 2032 For US$1.17 Billion 131
Global Infrastructure Partners Announces Project Financing of USD4.6 Billion for Acquisition of 50% Interest in Hornsea One Offshore Wind Project in Yorkshire, UK from Orsted for USD5.86 Billion 132
Castleton Commodities International Completes Acquisition of 50% Stake in Enecogen Power Plant in Rotterdam, The Netherlands from Orsted 134
Pensionskassernes Administration and PFA Pension Completes Bond Financing of USD694.2 Million for Acquisition of 50% Stake in Walney Extension Offshore Wind Farm in UK from Orsted for USD2.63 Billion 135
Global Infrastructure Partners Completes Bond Financing of USD980 Million for Acquisition of 50% Stake in Borkum Riffgrund 2 Offshore Wind Farm in Germany from DONG Energy for USD1.37 Billion 137
Pensionskassernes Administration and PFA Pension Completes Project Financing of USD395.2 Million for Acquisition of 50% Stake in Walney Extension Offshore Wind Farm in UK from Orsted for USD2.63 Billion 139
Macquarie European Infrastructure Fund and Macquarie Capital Group to Acquire 50% Stake in Race Bank Offshore Wind Farm in England, UK from DONG Energy 141
Eversource Energy Acquires 50% Interest in Bay State Offshore Wind Farm in Massachusetts, US from Dong Energy 142
Pensionskassernes Administration and Kirkbi Acquire 50% Stake in Burbo Bank Extension Offshore Wind Farm Project in UK from DONG Energy for USD952.7 Million 143
TC Westermost Rough OFTO to Acquire Transmission Assets in UK from Westermost Rough 145
Global Infrastructure Announces Bond Financing of USD621.3 Million for Acquisition of 50% Interest in Gode Wind 1 Offshore Wind Farm Project in Germany from DONG Energy 146
Struer Forsyning Fjernvarme And Vestforsyning Varme to Acquire Mabjerg CHP Plant in Denmark from DONG Energy 147
Prime Super Completes Acquisition of 80% Interest in Storrun Wind Power Project in Sweden from Dong Energy 148
Romande Energie Acquires Ploudalmezeau Wind Farm in France from DONG Energy 149
Consortium of Danish Pension Funds led by Pensionskassernes Administration Acquired 50% Interest in Gode Wind 2 Offshore Wind Power Project from Dong Energy for USD812 million 150
UK Green Investment Bank And Marubeni Acquire 50% Interest In Westermost Rough Offshore Wind Farm In UK From Dong Energy For US$831.8 Million 152
Caisse de Depot To Acquire 25% Stake In London Array I Wind Farm In UK From Dong Energy For US$1.06 Billion 153
Statoil To Acquire Mongstad Gas Fired Power Plant In Norway From Dong Energy For US$296 Million 155
PGE And Energa Acquires Wind Power Assets From Dong Energy For USD217.5 Million 156
Dong Energy To Sell OnShore Wind Business To Syd Energi And PFA Pension For US$133.7 Million 158
KIRKBI And William Demant Acquires 50% Interest In Borkum Riffgrund 1 Wind Power Project From Dong Energy For US$836.5 Million 160
Marubeni Completes Project Financing For Acquisition Of 49.9% Stake In Gunfleet Sands Offshore Wind Power Project From Dong Energy 162
Orsted to Acquire Lincoln Clean Energy from I Squared Capital for USD580 Million 163
GeoSea Acquires A2SEA from DONG Energy and Siemens Wind Power 164
Eneco To Acquire DONG Energy Sales From DONG Energy 166
Vardar Boreas Acquired 33% Stake In Kvalheim Kraft From Dong Energy 167
