Following lower-than-normal offshore wind speeds during July and August, Ørsted has adjusted its full-year 2025 EBITDA guidance excluding new partnerships and cancellation fees of DKK 24 billion to DKK 27 billion, compared to its previous guidance of DKK 25 billion to DKK 28 billion. Gross investments guidance for the full-year 2025 of DKK 50 billion to DKK 54 billion is reiterated.

The primary driver for the adjustment to the EBITDA guidance is the impact from the lower-than-normal offshore wind speeds across the offshore portfolio, which has had an adverse EBITDA impact of approximately DKK 1.2 billion relative to normalised wind speeds during 2025. A delay of the Greater Changhua 2b construction project will also adversely impact EBITDA in 2025 by approximately DKK 0.3 billion.

The above is not expected to impact Ørsted’s medium-term targets.

KeyFacts Energy: Ørsted Denmark country profile