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Birmingham Post
Birmingham Post
Business
David Laister

Orsted achieves record earnings as sale of huge stake in Hornsea Two brings strong return

Orsted’s sale of a huge stake in world-leading wind farm Hornea Two propelled it on to record earnings in 2022.

The offshore wind giant, which has established a major operations and maintenance presence in Grimsby - from where it serves hundreds of turbines and employs hundreds of people, with both figures set to grow again - has recorded operating profits of £3.8 billion.

Globally active, the Danish headquartered business has driven the UK market to new heights. The Hornsea Zone is breaking records in scale and cost efficiency, with two of the four projects now powering British homes and businesses.

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