UKX FTSE 100 Index

TIDMORSTED 
 
 
   Further to our company announcement issued on 16 April 2021 
https://www.globenewswire.com/Tracker?data=QWEk-cgMOxy6qvotDJFZjRgTjAPx9Za3aTjYwxBvFLDa-cPi2p0WW3Z57JxmjfXy1zZpsvwFUn2iB8E1C_87YEqQoCBNEZFiSShVDQcW_l67ssvG1B7v723_6O9ZKeetRLYorOZF5tnWjxzgwcTqdv3cOBrzOo07KUPMVYHtxfkBZtGIaADAy28uY-Rv-12i 
, Ørsted has completed the acquisition of a 100 % equity interest 
in Brookfield Renewable's onshore wind business in Ireland and the UK, 
Brookfield Renewable Ireland (BRI). 
 
   BRI is a developer, owner, and operator of onshore wind farms 
headquartered in Cork, Ireland. BRI has a portfolio of 389 MW in 
operation and under construction, 149 MW advanced development, and more 
than 1 GW of development pipeline in Ireland and the UK. Declan Flanagan, 
CEO of Ørsted's Onshore business unit, says: 
 
   "With the acquisition completed, we officially enter the European 
onshore market. We welcome a BRI team with strong technical capabilities 
and a business culture very complementary to our own and look forward to 
growing the portfolio together." 
 
   The existing management team will continue to run the business, headed 
by Kieran White, VP and Managing Director, Ireland and UK Onshore. 
 
   Kieran says: 
 
   "Today's a truly exciting day for our team. We have a proven track 
record in developing and building renewable projects of scale in Ireland 
and the UK. Joining Ørsted, a leader in the global energy 
transformation to renewables, means we're competitively positioned to 
drive value creation and increase renewable capacity in a market set to 
grow in the coming years." 
 
   The information provided in this announcement doesn't change 
Ørsted's guidance for the financial year 2021. As previously 
communicated, the expected investment level for 2021 will increase with 
the purchase price. 
 
   For further information, please contact: 
 
   Media Relations 
 
   Kathrine Ejlskov 
 
   + 45 99 55 10 23 
 
   katej@orsted.dk 
https://www.globenewswire.com/Tracker?data=71aKj6qgtd_6PgdULe5TZQqX_oswaKVm4R7NcW3k6zWU6j_lTbfX2GfrsaGozMLMjjwkJXVwF3U_2pjZqAqiJQ== 
 
 
   Investor Relations 
 
   Allan Bødskov Andersen 
 
   + 45 99 55 79 96 
 
   Ir@orsted.dk 
https://www.globenewswire.com/Tracker?data=uGnnJZrU1KGzjuz41YwSfedkxty2oCCZ4gg2YCSXMcnPf1_tTVkB_l_E7bqrDtN-3Xfap5ZPVeY1meNrtiv2eQ== 
 
 
   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 6,311 
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. 
 
 
 
 
 
 
 
   Attachment 
 
 
   -- Ørsted completes acquisition of Ireland and UK onshore wind power 
      platform from Brookfield Renewable 
      https://ml-eu.globenewswire.com/Resource/Download/eb10d101-4c3a-484a-9419-44afb02a4672 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

June 09, 2021 11:15 ET (15:15 GMT)

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