Q3 2023 Financial Highlights & Renewable Capacity Update

Rapidly growing addressable market for Ørsted Offshore wind Onshore renewables Power-to-X (P2X) Installed capacity (excl. China), GW Installed capacity (excl. China), GW Electrolyser capacity, GW4 ~205 -33 APAC -30 Americas1 x3 x6 -3,840 ~1,000 ROW³ ~260 130 RoW3,5 ~800 APAC ~1,120 -870 US 52 Americas ~141 Europe² -300 ~32 ~0–~2- -30 -290 -300 ~1,160 Europe 78 Europe ~440 <1 2022 2030 2022 2030 2022 2030 1. US Biden administration's target of 30 GW by 2030. 2. Based on the Ostend Declaration target (120 GW in the North Sea), the Marienborg Declaration target (19.6 GW in the Baltic Sea), and BNEF data for European countries not participating in these declarations (Portugal, Italy, Greece, and Spain). 3. Rest of world. 4. Estimated electrolyser capacity required to meet forecasted renewable H₂ demand of 21 mtpa, based on IEA's Announced Pledges Scenario (APS) H2 balance. Regional split indicates location of expected demand (which may differ from supply) and is based on internal estimates applied to IEA data. 5. Incl. APAC. 16 Sources: BNEF (2022), Ostend Declaration, Marienborg Declaration, The White House, IEA (2022). Orsted

View entire presentation