Henrik Poulsen: Returns must match risk in the US

Denmark's Ørsted will not construct offshore wind farms in the US regardless of cost, says CEO Henrik Poulsen

Photo: Fred.Olsen Windcarrier

Ørsted sees the US as an attractive market, and the company did acquire an offshore wind company in Virginia earlier this year. Ørsted has previously lost bids for larger projects in the US market, but CEO Henrik Poulsen thinks returns must match risk before a market is considered attractive.

"Returns and risk must go together. If we can find projects in the US over the coming years where the returns / risk alignment is reasonable – I am confident that we can, but time will tell," says Henrik Poulsen to Ritzau Finans in connection with the opening of offshore wind farm Walney Extension Thursday.

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