Ahead of its annual results for 2020, renewable energy developer Orsted has stated expectations that it will beat its earnings guidance for the year. However, despite strong operations, revenue is set to fall through 2021. The company’s dependence on offshore wind exposes volatility with wind speeds, which were exceptionally high in 2020. This is likely to be a core driver behind Orsted’s ambitions to continue its diversification into new geographical and technology markets. The figures Orsted released this week indicate that it is on course to post an operating profit of €2.4 billion in its financial records for 2020, when they are released on February 3. This pushes past the company’s latest guidance figures of between €2.2 billion and €2.3…