Orsted AS (LTS:0RHE)

kr 375.05 -12.45 (-3.16%) Market Cap: 160.28 Bil Enterprise Value: 223.65 Bil PE Ratio: 34.26 PB Ratio: 1.98 GF Score: 82/100

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Orsted A/S Acquires Ireland and UK Onshore Wind Power Platform from Brookfield Renewable Corp Call Transcript

Apr 16, 2021 / 11:30AM GMT

Release Date Price: kr995.65 (-0.01%)

Transcript

Operator

Welcome to this call with Ãrsted. I now hand the word over to CEO, Mads Nipper. Please go ahead.

Mads Nipper;rsted A;S;CEO

Ã;Group President & Member of Executive Board

/- -

Thank you very much, and good afternoon or good morning, everyone. I'm here today with our group CFO, Marianne Wiinholt; and Onshore CEO, Declan Flanagan.

As announced earlier today, we have entered into an agreement to acquire Brookfield Renewable Ireland in U.K., a leading onshore wind platform with an attractive portfolio of 389 megawatt in operation and under construction, 149 megawatt of advanced development projects and a development pipeline of more than 1 gigawatt of mainly onshore wind projects in Ireland and the U.K.

With the acquisition of Brookfield Renewable Ireland in U.K., or simply BRI, we acquired a fully functional stand-alone business with a sizable and attractive operating portfolio and development pipeline of high quality as well as a strong team of more than 70 professionals between offices

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