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EnergyWatchTuesday3 October 2023
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Utilities

Ørsted won't have to resort to capital raise, say analysts before capital markets day

Danske Bank expects the Danish utility to launch a new investment prognosis on around DKK 500bn spanning 2023 to 2030.
Photo: Ørsted
Photo: Ørsted
by marketwire, translated by daniel pedersen

Increasing interest rates and costs have only made it more expensive to install new wind farms. It also makes great requirements for Ørsted’s capital structure if the Danish utility major is to reach its goal of establishing 50GW of renewable energy by 2030 – without having to raise more capital. 

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  • Iberdrola cancels another offshore wind farm project –
  • Crown Estate updates floating wind tenders –
  • TotalEnergies and Corio make bid for 1.3GW tender in New Jersey –
  • Equinor named as potential buyer for Wintershall Dea –
  • Wavepiston needs to triple investments to reach goal –
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  • Danish energy major takes dive due to continued interest rate hikes –
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  • Maternity cover for the Power-to-X and Green Fuels team

  • Experienced Gas Trader to setup Gas Spot Desk at CET and be part of the management team

  • Specialist/Analyst for gas market operations

  • Senior Commercial Asset Manager

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