Ørsted buys Vestas project

Continued investments weigh down on the result of the utility's onshore wind division, which is making large purchases in both solar and wind projects.

Photo: PR/ Ørsted

Offshore wind may still be the dominant business at Ørsted, but the utility's onshore wind division, which mainly pertains to the US, is by no means a needle in the haystack of financial reports anymore.

Most recently, the company added 300 MW to its portfolio by purchasing onshore wind project Haystack from Tradewind Energy, according to Ørsted's interim report published Wednesday.

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