Orsted boosted offshore wind profits last year as the global sector leader continued its “green transformation” – a process it said could also include a role for onshore wind, PV and storage.
Earnings before interest, taxes, depreciation and amortisation (Ebitda) at the Danish group’s offshore wind fleet rose by 74% to DKr20.6bn ($3.44bn) in 2017. A “significant contribution” came from the divestment of 50% stakes in the Walney Extension and Borkum Riffgrund 2 projects.
