Ørsted : Up to DKK 16bn of possible impairments in US portfolio
>Several topics impacting the performance - Three elements have been identified by Orsted and will result in numerous asset impairments in its business portfolio in the United States. The total amount of asset write-downs could amount to DKK 16 bn at the next release (Q3 23) due to supply issues, adverse ITC negotiation and increasing interest rates.Supply chain issue for an estimated impairment of DKK 5bn - The Ocean Wind 1, Sunrise Wind, and Revolut...Orsted is a renewable energy company based in Denmark. Co. is engaged in developing a renewables portfolio based on competences in offshore wind, bioenergy, and energy solutions. Co. is active in deploying offshore wind and converting existing coal- and gas-fired power stations to sustainable biomass, providing a heat and power supply which is both green and flexible. Co. divides its operations into four businesses: Wind Power, Bioenergy & Thermal Power, and Distribution & Customer Solutions. The Bioenergy & Thermal Power and Distribution & Customer Solutions businesses jointly constitute Co.'s Danish utility business. Co. maintains activities primarily in Northwestern Europe.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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