Danish utility Orsted has raised its guidance for earnings before interest, taxes, depreciation and amortisation (Ebitda) in 2017 to about DKr22.5bn ($3.61bn) from DKr21bn expected earlier, mainly due to strong earnings from operating wind farms, including Race Bank and Walney Extension in the UK.

Those offshore arrays enjoyed stronger winds and a faster ramp-up of generation, as well as better-than-expected earnings from partnership agreements due to good progress and lower costs on construction contracts.