Q3 2023 Financial Highlights & Renewable Capacity Update
Renewable capacity as of 30 September 2023
Indicator, MW, gross
Installed renewable capacity
Offshore, wind power
Onshore
- Wind power
-Solar PV power
- Battery storage
2,054
9M 2023
9M 2022
A
FY 2022
15,714
15,106
608
15,121
8,871
8,871
8,871
4,768
4,160
608
3,700
3,459
241
1,028
661
367
4,175
3,464
671
40
40
Other (incl. P2X)
2,075
2,075
40
2,075
- Biomass, thermal heat
2,054
2,054
- Battery storage
21
21
21
Decided (FID) renewable capacity
4,666
3,131
1,535
4,340
Offshore, wind power
3,116
2,196
920
2,196
Onshore
1,478
933
545
2,072
- Onshore wind power
84
253
(169)
321
-Solar PV power
1,094
680
414
1,451
- Battery storage
300
300
300
72
2
70
72
10,544
11,157
(613)
11,157
10,420
11,157
43
81
(737)
43
81
11,157
65
65
20,381
30,924
18,237
29,394
2,143
1,530
19,461
30,618
Other (incl. P2X)
Awarded/contracted renewable capacity (no FID yet)
Offshore, wind power
Onshore, wind power
Onshore, solar PV power
Sum of installed and FID capacity
Sum of installed, FID, and awarded/contracted capacity
17
Installed renewable capacity
The installed renewable capacity is calculated as the
cumulative renewable gross capacity installed by
Ørsted before divestments.
For installed renewable thermal capacity, we use
the heat capacity, as heat is the primary outcome of
thermal energy generation, and as bioconversions of
the combined heat and power plants are driven by
heat contracts.
Decided (FID) renewable capacity
Decided (FID) capacity is the renewable capacity for
which a final investment decision (FID) has been made.
Awarded and contracted renewable capacity
The awarded renewable capacity is based on the
capacities which have been awarded to Ørsted in
auctions and tenders. The contracted capacity is the
capacity for which Ørsted has signed a contract or
power purchase agreement (PPA) concerning a new
renewable energy plant. Typically, offshore wind farms
are awarded, whereas onshore wind farms are
contracted. We include the full capacity if more than
50% of PPAs/offtake are secured.
Installed storage capacity
The battery storage capacity is included after
commercial operation date (COD) has been achieved.
The capacity is presented as megawatts of alternating
current (MW ac).
In Q4 2021, we aligned our definition of installed capacity, hence all assets (installed or FID'ed) are reported using nameplate capacity. Previously a few wind farms were reported using 'power
optimised capacity' or 'export cable limit capacity'
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