Close
Close

Published

Orsted downgrades performance of all offshore wind forecasts

Orsted has backtracked on long term financial targets this week, following concerns about wind dynamics which look likely to propagate throughout the entire global offshore wind industry. On Wednesday, along with its 2019 Q3 interim report, the Danish power company released a statement, reducing its long-term financial targets to account for three factors which have added pressure to the company’s revenue, including offshore production forecasts. Essentially its procedure for calculating how much wind energy a given platform produces given a particular wind profile, were out by a fraction, regardless which turbine platform it used. Following a comprehensive project, the company claims that advanced analysis had investigated the impact of a “long list of variables impacting production”, which have led to…

Close