Overview Key strengths Key risks A global leader in offshore wind energy with an installed capacity of 18.2 gigawatts (GW) and aims to reach a renewable capacity of about 22GW by 2026. The company's business model relies heavily on farm-downs and execution on planned farm downs, including timing and price levels. About 97% of the power generated comes from renewable sources, reducing exposure to energy transition risks and carbon dioxide (CO2) prices. The persistently high impairment levels in Orsted's offshore construction program, specifically in the U.S., signal significant risks in project execution. Earnings visibility and predictable cash flows from its assets in operation, with approximately 85% of its revenue in 2025 to 2030 secured with subsidies or power purchasing agreements
