Ørsted ready to temper offshore wind investments

Financial discipline is more important than ever before, says the utility’s CEO, who’s ready to invest more in solar power and onshore wind should the offshore variety prove too troublesome.

BY MAZ PLECHINGER, TRANSLATED BY DANIEL FRANK CHRISTENSEN

Ørsted is counting on its investment budget reaching a historical peak in 2023, entailing expenditure of DKK 50-54bn on new project developments and extensions – equating to twice the annual average over the last five years.

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