Is Ørsted clinging to its underperforming power plants?
Ørsted's Danish power plants have lost major sums in recent years and appear to be everything but a future core business. It would make sense for CEO Henrik Poulsen to sell them, an analyst notes, but the question is whether they have any value and if selling them is even possible.
"We don't have any active plans for going out and trying to sell the assets," said Ørsted CEO Henrik Poulsen during an investor presentation in April 2018, when he was directly asked by a Bloomberg analyst if the time was ripe to consider selling the energy company's power plants belonging to its subsidiary Bioenergy & Thermal Power, which, according to the analyst is not a part of the core business.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Ørsted fights for 1.1 GW project against two other players
For subscribers
Japanese player buys stakes in Ørsted wind farms
For subscribers
Ørsted commissions battery project
For subscribers
