Q3 2023 Financial Highlights & Renewable Capacity Update
Strong operations and underlying earnings in Q3 2023
Financials
Q3 2023 earnings composition reflects the strength of our operational portfolio, with underlying EBITDA up by more than 70%
Strong performance for the 9M 2023 driven by strong Offshore sites performance, which is up by more than 110%
Continued strong farm-down track record
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Closed the divestment of remaining 25% minority interest in UK offshore wind farm, London Array, at an attractive valuation
• Announced the divestment of 50% ownership share in Gode Wind 3 at a transaction value of DKK 3.5 bn
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Cathay Life Insurance selected as preferred bidder for 50% ownership share in Greater Changhua 4
Significant progress in Onshore and P2X
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Commissioning of our 201 MW Sunflower Wind project in Kansas, US
Awarded a combined 124 MW in the Irish RESS 3 auction
Development of 400 MW portfolio of solar projects in Ireland in partnership with Terra Solar
Partnership with PS Renewables to develop 740 MW solar project in the UK
HyVelocity Hub, including Ørsted project, selected by US Department of Energy to receive funding of USD 1.8 bn
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