EnergyWatch

Is Ørsted clinging to its underperforming power plants?

Ørsted's Danish power plants have lost major sums in recent years and appear to be everything but a future core business. It would make sense for CEO Henrik Poulsen to sell them, an analyst notes, but the question is whether they have any value and if selling them is even possible.

Photo: Mads Claus Rasmussen/Ritzau Scanpix 2017

"We don't have any active plans for going out and trying to sell the assets," said Ørsted CEO Henrik Poulsen during an investor presentation in April 2018, when he was directly asked by a Bloomberg analyst if the time was ripe to consider selling the energy company's power plants belonging to its subsidiary Bioenergy & Thermal Power, which, according to the analyst is not a part of the core business. 

Even though the first quarter of 2018 showed weak improvement within the division for domestic combined power and heating plants that Ørsted owns and operates across the country, these have all in all run at significant deficits throughout recent years.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs