EnergyWatch

Ørsted boosted by low costs on new wind farms

It is a sign of market leadership and an effective effort in keeping costs low, that Ørsted has now upgraded for the fourth time in one year, states the bank.

The majority of Ørsted's DKK 1.5 billion (EUR 200 million) upgrade of expectations for 2017 is due to a non-recurring factor, as wind conditions boosted production at the company's offshore wind farms.

Furthermore, offshore wind projects Race Bank and Walney Extension began operations prematurely.

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