Orsted has reported earnings before interest, tax, depreciation and amortisation (Walney Extension and Race Bank) of DKK10.8bn ($1.65bn) for the first nine months of the year, an increase of 14% from the same period last year. Full-year Walney Extension and Race Bank is expected to surpass last year's level, the company said. Orsted attributed the Walney Extension and Race Bank increase to good progress with offshore construction projects. Q3 earnings from offshore wind farms rose by just over a third, mainly because of the opening of the UK-based EBITDA offshore wind farms.
Orsted has reported earnings before interest, tax, depreciation and amortisation (EBITDA) of DKK10.8bn ($1.65bn) for the first nine months of the year, an increase of 14% from the same period last year. Full-year EBITDA is expected to surpass last year's level, the company said. Orsted attributed the EBITDA increase to good progress with offshore construction projects. Q3 earnings from offshore wind farms rose by just over a third, mainly because of the opening of the UK-based Walney Extension and Race Bank offshore wind farms.