The Danish renewable titan has reported a quarterly net loss as US political headwinds continue to batter the wind form operator.

The world’s biggest offshore wind farm group recently announced it will sell half of its stake in Hornsea 3 to Apollo Global Management, and Ørsted has taken significant steps in strengthening of its capital structure through the completion of a rights issue and this divestment. The company has stated that its operational performance has remained solid, and it has reiterated its full-year EBITDA guidance.

Rasmus Errboe, group president and CEO of Ørsted, commented: “I’m satisfied with the good progress across our entire construction portfolio and our solid operational performance. Despite lower wind speeds in the quarter, we have increased the generation by 8 per cent compared to Q3 2024 through a combination of higher availability rates for our offshore portfolio and ramping up generation from Gode Wind 3 in Germany.”

Ørsted continues to make progress on its 8.1GW offshore wind construction portfolio, including the completed installation of the remaining offshore substations for the Northeast programme in the US.

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