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ØRsted has lost its goals for developing new renewable energy as part of the second dramatic attempts to reduce investment, recover struggling stock prices, and enhance the trust of strategies.
The world’s largest offshorewind developer said that less than a week after replacing his predecessor, the new highest executive officer, will reduce the planned investment to 25 %.
The state supported by the state announced on Wednesday to prioritize the construction of existing projects in order to recover from problems in the United States.
In addition, the Donald Trump election is facing an environment where the wind power is difficult offshore, maintaining an investment -specific rating, and trying to avoid new funding to strengthen balance sheets.
This movement emphasizes the issues facing a global attempt to leave fossil fuels, and other developers also reduce the ambition of renewable energy for flagging and actual tasks. I am doing it.
This announcement is the Norwegian state -owned energy group and Equinor, a major ørsted shareholder, Equinor a few hours later, reducing the goal of renewable energy, and instead of increasing the return and cash flow of shareholders. , We plan to pump more oil.
NIPPER has mainly SIDE with nearly 80 % sluggish ørsted stock prices over the past four years.
He announced up to 800 employment reductions in February last year, reducing the goals of renewable energy, pausing the company dividend, and arresting slides by escaping from the three offshore wind markets.
However, the group’s shares collapsed again after a further commission was announced in January related to the Wind Business in the United States, which was hindered by the high cost and tension of the supply chain.
In a statement prior to the annual results of Thursday, Errboe stated that the company’s “highest priority items” in the next three years will be completed in the construction of 8.4 Gigawatts offshore under construction. Ta. 。
He added that “we continue to believe in the long -term basics of offshore wind and renewable energy,” and emphasized the prediction that global demand for power will be doubled by 2050.
Under the new plan, ørsted has discarded the goal of developing 35-38 GW renewable energy by 2030, with 25 % DKR210BN -DKR230BN ($ 29.3 billion -$ 3.1 billion) Is reduced.
If you end the offshorewind project or other construction technology, the total installation capacity will be 27 GW in 2027 from about 18GW today.
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Further significant signs of employment reductions, the company also stated that it could “continuously convert our cost -based and tissue correctly.”
The company argued that business plans do not need to increase new fairness. We aim to recover dividends in 2026.
Errboe has been added as follows: “The market is still challenging, but providing this program will solidify as a global leader who has no room for an offshore style discussion.”
RBC analysts say, “Given the lack of credit for business and the lack of credit for market growth, it is a positive step.”
