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 7
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 50
Overview 50
Orsted AS Strengths 50
Orsted AS Weaknesses 51
Orsted AS Opportunities 51
Orsted AS Threats 51
Financial Ratios – Capital Market Ratios 53
Financial Ratios – Annual Ratios 53
Financial Ratios – Interim Ratios 55
Key Employees 56
Key Employee Biographies 57
Company Statement 58
Locations And Subsidiaries 59
Head Office 59
Other Locations & Subsidiaries 59
Financial Deals Landscape 62
Orsted AS, Deals Summary 62
Orsted AS, Power, Deal Details 65
Asset Transactions 65
Partnerships 82
Equity Offering 85
Debt Offering 93
Asset Transactions 101
Acquisition 128
Recent Developments 133
Orsted AS – Recent Developments 133
Appendix 510
Report Scope 510
GlobalData Coverage 510
GlobalData’s Methodology 510
Contact Us 511
Disclaimer 511
Orsted AS, Key Facts 24
Orsted AS, Operational Metrics, Capacity 25
Orsted AS, Operational Metrics, Generation 25
Orsted AS, Operational Metrics, Segmental Information 25
Orsted AS, Operational Metrics, Sales 26
Orsted AS, Wind Farms, United Kingdom 27
Orsted AS, Biopower Plants, Denmark 34
Orsted AS, Thermal Power Plants, United Kingdom 35
Major Products and Services 38
Orsted AS, SWOT Analysis 68
Orsted AS, Ratios based on current share price 71
Orsted AS, Annual Ratios 71
Orsted AS, Interim Ratios 73
Orsted AS, Key Employees 74
Orsted AS, Other Locations 77
Orsted AS, Subsidiaries 77
Orsted AS, Deals Summary 80
Macquarie Capital and DONG Energy to Acquire 85% Stake in Formosa 1 Offshore Wind Power Project in Miaoli County, Taiwan from Swancor Renewable Energy 83
DONG Energy Acquires Offshore Wind Development Lease in New Jersey, US from RES America Developments 85
DONG Energy to Acquire Offshore Wind Development Project in Massachusetts, US from RES America Developments 86
Dong Energy Acquires Remaining 66.66% Stake in Hornsea Project One Offshore Wind Power Project in Yorkshire, UK from SMart Wind 87
DONG Energy Acquires Remaining 50% Interest in Barrow Offshore Wind Power Project in England, UK from Centrica for USD78 Million 88
DONG Energy Acquires Borkum Riffgrund West II Offshore Wind Power Project in Germany from Energiekontor 89
Dong E&P Acquires Race Bank Offshore Wind Farm Project In UK From Centrica RBW For US$82 Million 90
DONG Energy Acquires Remaining 50% Stakes In Three Offshore Wind Projects In Denmark From SSE For US$23.4 Million 91
DONG Energy Acquires 100% Stake In Portfolio Of Wind Farms From PNE Wind In Germany 92
DONG Energy To Acquire Centrica Energy Renewable Investments From Centrica For US$63.5 Million 93
Dong Energy Invests US$1.6 Billion In Walney Wind Power Project In England, UK 94
DONG Energy Acquires 33.3% Stake In Heron Wind And Njord Wind Power Projects In UK 95
Dong Energy To Invest US$1,714 Million For Riffgrund I Wind Power Project, Germany 96
Dong Energy and ScottishPower Completes Project Financing of USD531.6 Billion for West of Duddon Sands Wind Project in Cumbria, UK 97
DONG Energy Announces Project Financing Of US$330 Million For Anholt Wind Power Project In Kattegat, Denmark 98
DONG Energy Receives Grant Of US$1.7 Million For Westermost Rough Wind Project In UK 99
Semcon To Form Partnership with DONG Energy 100
Dong Energy, E.ON And Strabag International Forms Joint venture 101
DONG Energy Enters Into Partnership With EuroSite Power 102
DONG Energy to Raise USD679.1 Million in Public Offering of Shares 103
DONG Energy to Raise USD388.3 Million in Public Offering of Shares 104
DONG Energy Prices Secondary Offering of Shares for USD941.2 Million 105
Dong Energy Completes Underwriter’s Exercise of Over-Allotment Option of IPO for USD2.95 Billion 106
Dong Energy Completes Private Placement Of Shares For US$2.37 Billion 108
Dong Energy Raises USD565.5 Million in Public Offering of 4% Bonds Due 2016 111
Dong Energy Raises USD565.5 Million in Public Offering of 6.5% Bonds Due 2019 112
Dong Energy Raises USD565.5 Million in Public Offering of 4.875% Bonds Due 2021 113
Dong Energy Raises USD848.2 Million in Public Offering of 2.625% Bonds Due 2022 114
DONG Energy Completes Public Offering Of Securities, Due 3015 For US$655 Million 115
Dong Energy Completes Public Offering Of 2.625% Bonds Due 2022 For US$961 Million 116
DONG Energy Competes Public Offering Of 4.875% Bonds Due 2032 For US$1.17 Billion 117
DONG Energy Completes Public Offering Of Hybrid Capital Bonds Due 3010 For US$911.4 Million 118
Pensionskassernes Administration and PFA Pension Completes Bond Financing of USD658.6 Million for Acquisition of 50% Stake in Walney Extension Offshore Wind Farm in UK from Orsted for USD2.63 Billion 119
Global Infrastructure Partners to Acquire 50% Stake in Borkum Riffgrund 2 Offshore wind farm in Germany from DONG Energy for USD1.37 Billion 121
Macquarie European Infrastructure Fund and Macquarie Capital Group to Acquire 50% Stake in Race Bank Offshore Wind Farm in England, UK from DONG Energy 122
Eversource Energy Acquires 50% Interest in Bay State Offshore Wind Farm in Massachusetts, US from Dong Energy 123
Pensionskassernes Administration and Kirkbi Acquire 50% Stake in Burbo Bank Extension Offshore Wind Farm Project in UK from DONG Energy for USD952.7 Million 124
TC Westermost Rough OFTO to Acquire Transmission Assets in UK from Westermost Rough 126
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 127
Struer Forsyning Fjernvarme And Vestforsyning Varme to Acquire Mabjerg CHP Plant in Denmark from DONG Energy 128
Prime Super Completes Acquisition of 80% Interest in Storrun Wind Power Project in Sweden from Dong Energy 129
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 130
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 131
Caisse de Depot To Acquire 25% Stake In London Array I Wind Farm In UK From Dong Energy For US$1.06 Billion 132
Statoil To Acquire Mongstad Gas Fired Power Plant In Norway From Dong Energy For US$296 Million 134
PGE And Energa Acquires Wind Power Assets From Dong Energy For USD217.5 Million 135
Dong Energy To Sell OnShore Wind Business To Syd Energi And PFA Pension For US$133.7 Million 137
KIRKBI And William Demant Acquires 50% Interest In Borkum Riffgrund 1 Wind Power Project From Dong Energy For US$836.5 Million 139
Marubeni Completes Project Financing For Acquisition Of 49.9% Stake In Gunfleet Sands Offshore Wind Power Project From Dong Energy 141
Blue Transmission Walney Acquires Transmission Assets Of Walney 1 Offshore Wind Farm From Walney Windfarms For US$165.4 Million 142
Kirsten Gosvig Pension Fund Acquires Stake In Anholt Offshore Wind Farm For US$485 Million From DONG Energy 144
DONG Energy To Sell 50% Stake In Anholt Offshore Wind Farm For US$1,133 Million To PensionDanmark And PKA 145
GeoSea Acquires A2SEA from DONG Energy and Siemens Wind Power 146
Eneco To Acquire DONG Energy Sales From DONG Energy 148
Vardar Boreas Acquired 33% Stake In Kvalheim Kraft From Dong Energy 149
Nordkraft Produksjon Acquires 50% Stake In Nordkraft Vind 150
