EnergyWatch

Ørsted refutes green setback from foiled Radius sale

The thwarted sale of Ørsted's DSO subsidiary Radius will not have any impact on the plan to invest around DKK 200 billion up to 2025, says the energy company, which a media reports is looking for partners for its forthcoming German offshore wind projects.

Last Sunday, the Danish finance ministry stopped the planned sale of Ørsted's distribution system operator (DSO), Radius. This occurs after a sequence of political developments that ended with the Social Democratic Party – after longer deliberations, many billable, costly consultancy hours regarding the sales process and then spurred on by one bidder in particular – decided that the grid distributor constituted critical infrastructure and thus should be kept within Danish ownership.

The decision sent the center-right Danish government into a fire and brimstone tirade. Among others, Danish prime minister Lars Løkke Rasmussen, who during a parliamentary hearing among party leaders gave Social Democratic leader Mette Frederiksen the third degree, demanding answers on how Ørsted would now be able to finance its green energy developments.

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