Ørsted brings in Norges Bank Investment Management as a partner in Borssele 1 & 2 - Seite 2

The divestment to NBIM is subject to regulatory approvals.

The information provided in this announcement does not change Ørsted’s previous financial guidance for the 2021 financial year of an EBITDA excluding new partnership agreements of DKK 15-16 bn or the announced expected investment level for 2021. In addition to the above, the EBITDA effect in 2021 from the Borssele 1 & 2 partnership, is expected to amount to around DKK 5 billion.

Facts about Borssele 1 & 2

• The largest operational offshore wind farm in the Netherlands – and the second-largest operational offshore wind farm in the world – with an installed capacity of 752 MW.
• Located 23 km off the coast of the Dutch region of Zeeland at water depths ranging from 14 to 36 m.
• The 94 Siemens Gamesa 8 MW offshore wind turbines of Borssele 1 & 2 generate enough power to annually cover one million households with green energy in the Netherlands.
• Fully commissioned in Q4 2020.

For further information, please contact:

Ørsted Media Relations
Michael Korsgaard
[phone]
[e-mail]

Ørsted Investor Relations
Allan Bødskov Andersen
+ 45 99 55 79 96
[e-mail]

NBIM Media Relations

Line Aaltvedt
[phone]
[e-mail]

About Ørsted
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products to its customers. Ørsted ranks as the world’s most sustainable energy company in Corporate Knights' 2021 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,179 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2020, the group's revenue was DKK 52.6 billion (EUR 7.1 billion). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter

About Norges Bank Investment Management
Norges Bank Investment Management is the asset management division of Norges Bank, the Norwegian central bank. As manager of the Government Pension Fund Global, its mission is to safeguard and build financial wealth for future generations in Norway. Norges Bank Investment Management aims for the highest possible long-term return within the investment mandate set by the Ministry of Finance. The fund is invested globally in equity, fixed income and real assets and had investments worth 10,914 billion Norwegian kroner (EUR 1,042 billion) as at 31 December 2020. Norges Bank Investment Management was given a mandate to invest in unlisted renewable energy infrastructure from 1 January 2020.

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