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ORSTED REMAINS CONFIDENT IN A PROMISING FUTURE FOR OFFSHORE WIND IN EUROPE
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Orsted, a leader in offshore wind in the West, observes promising indicators in the European market, even with short-term challenges in the global market, executives noted during a third-quarter earnings call on Wednesday.
"We continue to be extremely optimistic about the potential for offshore wind in Europe, especially." "We observe the market undergoing a rebasing," stated Rasmus Errboe, Group President and CEO. "We will exercise patience, and we will emphasize quality over quantity."
Errboe emphasized three possible avenues for expansion in Europe: developing Orsted's current pipeline of project opportunities; collaborations and mergers and acquisitions for targeted projects; and engaging in centralized tenders. "2026 is likely to be somewhat on the lower end regarding the number of tenders being released." "However, starting in 2027, there would be a noticeable shift," he remarked, pointing out anticipated leasing activity in Germany, the Netherlands, and the UK.