Ørsted puts capital markets day on ice due to COVID-19

Walney Extension Offshore Wind Farm. Source: Ørsted A/S

April 6 (Renewables Now) - Danish renewables developer Ørsted SA (CPH:ORSTED) has pushed its capital markets day scheduled for June 10 to a later date due to the uncertainty caused by the COVID-19 pandemic.

The event was supposed to take place in London, but the company said today it is unlikely that the circumstances will permit it.

“[W]e will, for now, concentrate our efforts on safeguarding the health and well-being of our employees and their families and maintaining continuity in our business operations”, the press statement reads.

Ørsted stood by its March 25 COVID-19 update saying that the status of the impact of the pandemic on its operational and financial and risk factors is unchanged. The company also affirmed its financial guidance for 2020, as well as the announced expected investment level for the fiscal year.

“We hope to be able to conduct the Capital Markets Day towards the end of the year, and we will announce a new date later”, Ørsted said.

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