Orsted Is Positive About Future Growth Despite Corona Outbreak

In Wind, Clean News, News, Renewable Energy

Orsted, the world’s biggest developer of offshore wind, said on Wednesday it was sticking with its outlook for this year despite the coronavirus outbreak.

Orsted is in the midst of a $30 billion investment program in green energy as it seeks to become one of a handful of future “renewable majors”.

It said all of its assets remained fully operational and its construction projects were progressing according to plan. They have 30 billion Danish crowns ($4.35 billion) in liquidity reserves which could support its operations and construction through 2020 and 2021 without further funding.

Orsted this month overtook Norwegian oil producer Equinor as the most valuable energy company in the Nordics, highlighting the appeal to investors of renewables over fossil fuels.

This is a Syndicate News-Feed, edited by Clean-Future Team

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