Orsted A/S. (OTCPK:DNNGY) Q2 2024 Earnings Conference Call August 15, 2024 8:00 AM ET Company Participants Mads Nipper - Group President and Chief Executive Officer Trond Westlie - Executive Vice President and Group Chief Financial Officer Conference Call Participants Kristian Tornoe - SEB Harry Wyburd - BNP Paribas Exane Alberto Gandolfi - Goldman Sachs Jenny Ping - Citi Casper Blom - Danske Bank Deepa Venkateswaran - Bernstein Mark Freshney - UBS Helene Kvilhaug Brondbo - DNB Markets Lars Heindorff - Nordea Ahmed Farman - Jefferies Olly Jeffery - Deutsche Bank Dominic Nash - Barclays Ide Kearney - Pictet David Paz - Wolfe Research Operator Ladies and gentlemen, welcome to this Orsted Q2 2024 earnings call.
Offshore wind farm developer Orsted has no Chinese turbines in its current project pipeline, its CEO said on Thursday, but did not rule buying turbines or technology from China in the future.
Orsted , the world's biggest offshore wind farm developer, on Thursday reported second-quarter operating profit above expectations and kept its full-year profit forecast unchanged but said it would lower investments this year.
The New York State Energy Research and Development Authority (NYSERDA) said on Tuesday it had finalized contracts for Equinor's Empire Wind 1 and Orsted's and Eversource's Sunrise Wind offshore wind projects.
New Jersey officials said the state will receive $125 million from a legal settlement with Denmark's Orsted over the company's cancellation last year of two offshore wind farms.
Renewable energy developer Orsted announced on Thursday won a $680 million investment from JPMorgan for two of its energy projects, including Eleven Mile Solar near Coolidge, Arizona. Eleven Mile Solar has more than 857,000 solar panels and 2,000 battery cubes, and will be able to power roughly 65,000 homes.