The world’s biggest developer and operator of offshore wind farms reiterated guidance that core earnings for 2026 would be higher than DKK28 billion. It maintained its intention to reinstate dividends from the fiscal year of 2026.
Orsted is currently building two US offshore projects, Revolution Wind and Sunrise Wind, following court decisions that suspended the Trump administration’s stop-work orders. Revolution Wind is 87 per cent complete with commissioning works expected to be finalised in the second half of this year.
Sunrise Wind is 45 per cent complete with commissioning planned for the second half of 2027. No negative surprises and unchanged US construction timeline is a positive for Orsted, brokerage Jefferies said in a note.
(Reporting by Louise Rasmussen and Stine Jacobsen, editing by Anna Ringstrom, Terje Solsvik and Elaine Hardcastle)