Second-quarter wind speeds were among lowest in past 20 years
The Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain, September 5 2018. Picture: REUTERS/PHIL NOBLE
As a consequence, it said it would likely hit only the lower end of its guided core profit range in 2021.“Over time the wind speeds have been incredibly stable. We build wind farms that have an average lifetime of 30+ years and we have no reason to believe that this is something which will structurally challenge that,” CEO Mads Nipper told journalists.Orsted said quarterly wind speeds amounted to an average of 7.8m/s across its offshore portfolio, which was lower than the 8.
To mitigate some of the risks Orsted, which is now mainly focused on the North Sea, is expanding into new parts of the world such as the US and Taiwan and has invested in technologies including solar PV and onshore wind.“We also need diversification ... because sometimes the business is volatile. And ideally it's diversification across different technologies but also across different regions,” CEO Markus Krebber told journalists.
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