EnergyWatch

Ørsted upgrades after soaring in second quarter

The Danish power company has benefited from yet another quarter marked by high energy prices, achieving profit as forecast, however affected by the farm-down sale of Borssele 1 & 2, this time resulting in an upgrade to full-year guidance.

Photo: Ørsted / PR

Ørsted closes yet another quarter with flying colors dominated by high energy prices, prompting the utility to upgrade its 2020 guidance.

“I’m very pleased with the first half of the year. In addition to a strong set of results for the period, including an increase of our full-year EBITDA guidance, we’ve achieved significant strategic milestones,” writes Ørsted Chief Exucutive Mads Nipper in a statement on the interim report.

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