Q3 2023 Financial Highlights & Renewable Capacity Update
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We have ceased the development of Ocean Wind 1 and Ocean
Wind 2 as part of ongoing review of US offshore wind portfolio
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Ceased the development of Ocean Wind 1 (1,100 MW) and Ocean Wind 2 (1,148 MW)
Impairment of DKK 19.9 bn as part of Q3 2023
Currently estimated provision of approximately DKK 8-11 bn as part of Q4 2023 EBITDA to account for potential contract cancellation fees not
already covered by the impairment
Positive FID for Revolution Wind (704 MW)
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Final investment decision with an attractive forward-looking return
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Expected COD in 2025
Potential rebid Sunrise Wind (924 MW)
Awaiting the updated RfP framework for an accelerated solicitation
Ongoing reconfiguration of Skipjack (966 MW)
Significant OREC adjustment needed to allow for further project development
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