Ørsted dials down hedging on volatile year

Improving offshore wind assets and a new hedging strategy is to make way for a 2023 with significant milestones for the Danish utility.

Ørsted CFO Daniel Lerup has high hopes for the year after offshore wind assets improved in the first quarter. | Photo: Ørsted

by anne filbert, translated by simon øst vejbæk

Following a troublesome 2022, spirits are high once again after Danish utility major Ørsted closed the books on the first quarter – the primary reason being the improvements to the company’s offshore wind assets.

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Ørsted enters 2023 on minor setback
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Ørsted CEO on new game plan: We can't keep investing in loss-generating projects
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Ørsted: 2022 a historical low for European offshore wind ventures

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