Ørsted Adjusts Business Plan to Strengthen Capital Structure

Ørsted A/S has announced changes to its business plan aimed at reinforcing its capital structure through a disciplined, value-focused capital allocation strategy with a reduced investment program. The adjustments, approved by the Board of Directors, involve prioritizing the most value-accretive growth opportunities with a self-funded investment model.

In 2024, Ørsted reported full-year results aligning with expectations, including an EBITDA of DKK 24.8 billion and commissioning 2.4 GW of renewable capacity. Despite these achievements, challenges in the US offshore wind sector and industry-wide issues have prompted a 25% reduction in the investment program leading to 2030, supporting a solid credit rating.

The company remains committed to its 8.4 GW offshore wind construction program, aiming to double its capacity. Ørsted maintains belief in the long-term potential of renewables, adjusting its strategies for improved credit projections through efficiencies and focused capital allocation.