Investor Presentaiton
Offshore - Financial highlights
FINANCIAL HIGHLIGHTS
EBITDA
Q1 2022 Q1 2021
A
FY 2021
FY 2020
A
Wind speed
(m/s), offshore wind farms
DKKm
5,919
3,946
50%
18,021
14,750
22%
11.3
•
Sites, O&Ms and PPAs
3,698
4,886
(24%) 13,059 15,476
(16%)
10.5
7.8
•
Construction agreements and
7.6
2,620
divestment gains
(573)
n.a.
7,535
1,593
373%
• Other, incl. project
development
KEY BUSINESS DRIVERS
(399)
(367)
8%
(2,573) (2,319)
11%
10.6
10.0*
9.1
Q1
Q2
Q3
Q4
FY
Power generation
GWh
4,502
4,549
(1%)
13,808
15,248
(9%)
2021 2022 "Normal wind year"
Wind speed
m/s
11.3
10.5
8%
9.1
10.0
(9%)
Availability
%
95
95
0%p
94
94
0%p
The wind speed indicates how many metres per second the wind
has blown in the areas where we have offshore wind farms. The
weighting is based on our generation capacity
Load factor
%
54
50
4%p
39
45
(6%p)
Decided (FID) and installed
GW
11.1
9.9
12%
10.9
9.9
10%
capacity*
Installed capacity*
GW
7.6
7.6
0%p
7.6
7.6
0%
Generation capacity**
GW
4.2
4.4
(5%)
4.0
4.4
(9%)
In Q2 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 using 'power optimised capacity' or 'export cable limit capacity'
We have improved the accuracy of our offshore wind speed calculations in 2021 and restated 2020 wind speed data to support comparison. In 2021 we have used an improved input data set for calculating wind speeds for offshore
wind farms. Previously individual wind speed measuring points covered several wind farms and were reported for an average hub height. Now each offshore wind farm has its own specific wind speed measuring point for the actual
wind farm height. For comparison reasons we have also updated the actual and normal wind speed data reported for 2020 using the new more detailed wind speed datasets.
* Installed capacity: Gross offshore wind capacity installed by Ørsted before divestments
27
** Generation capacity: Gunfleet Sands and Walney 1 & 2 are consolidated according to ownership interest. Other wind farms are financially consolidated
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