TIDMORSTED 
 
 
   Ørsted and ATP have joined forces to submit a bid in the upcoming 
tender for the Danish North Sea energy island. The new partnership 
brings together the capabilities of the world's leading offshore wind 
developer and Denmark's largest institutional investor. 
 
   By submitting a bid together for the energy island in the North Sea, 
Ørsted and ATP want to make a significant contribution to Denmark's 
ambitious green transition, its build-out of energy infrastructure, and 
shape the future build-out of large-scale offshore wind. The partnership 
builds on the two companies' strong industrial and financial 
capabilities with the purpose of developing the significant renewable 
energy resources in the Danish North Sea. These resources can be 
developed over the coming decades and drive Europe's green transition. 
 
   The North Sea energy island will be a cornerstone in harnessing the 
Danish offshore wind resources, which can make a substantial 
contribution towards Denmark's and Europe's green transitions and create 
thousands of jobs in Denmark. 
 
   As one of the world's largest renewable energy companies, Ørsted 
has constructed more than 25 offshore wind farms and 17 offshore 
transmission systems across the world, and as the world's leading 
developer of offshore wind, Ørsted has the industry's strongest 
capabilities in establishing large-scale energy projects at sea. 
Furthermore, Ørsted has developed a leading portfolio of Power-to-X 
projects around the North Sea, which are all planned to be connected to 
large-scale offshore wind. Ørsted and ATP will examine the optimal 
integration of Power-to-X with the energy island and the future energy 
infrastructure in the North Sea. 
 
   ATP has more than 5.3 million members with funds totalling DKK 960 
billion. Combined with ATP's long-standing experience as a financial 
partner and a mission to secure the pension funds for generations of 
Danes, the partnership can deliver an innovative, state-of-the-art 
technological solution with a strong societal focus to benefit all 
Danes. 
 
   Mads Nipper, CEO of Ørsted, says: 
 
   "The North Sea energy island will be absolutely key to the continued 
build-out of offshore wind in the Danish North Sea. For the past 30 
years, Ørsted has been the frontrunner in offshore wind development, 
making the technology a cornerstone of an economically sustainable, 
green transformation in Denmark and globally. By partnering with ATP to 
submit a bid for the Danish North Sea energy island, we're combining 
Ørsted's world-leading offshore wind expertise with ATP's unique 
track record as one of Europe's largest institutional investors. We look 
forward to working with ATP and doing our part to realise this 
groundbreaking infrastructure project with the best technological 
solutions at the lowest cost and risk to the benefit of the Danish 
society." 
 
   Bo Foged, CEO of ATP, says: 
 
   "The North Sea energy island is a very interesting investment case for 
ATP, because it can contribute to good and stable pensions and develop 
Danish industrial positions of strength while also being a decisive 
lever for the green transition in Denmark. The investment is, of course, 
not without risk, for which our members must be compensated, but 
Ørsted and ATP make up a strong partnership with the right 
complementary capabilities to deliver on this task. And then I'm also 
pleased that we, in this partnership, can secure that the returns from 
the project will benefit all Danes through ATP." 
 
   In this process with the energy island, the partnership will build on 
Ørsted's long track record in developing large, innovative, and 
technologically pioneering offshore wind projects in close collaboration 
with highly specialised contractors in the offshore wind industry. 
Ørsted adheres to the industry's highest standards for financial 
and environmental sustainability, and as the world's leading offshore 
wind developer, the company has gained solid experience in working 
closely with governments and subcontractors on some of the world's 
largest renewable energy projects. Ørsted also has close 
interaction with TSOs across markets to ensure that their transmission 
solutions have the best compatibility with Ørsted's renewable 
energy projects, and, most recently, with the HVDC technology which is 
set to be used for the Hornsea 3 development project in the British 
North Sea. 
 
   For further information, please contact: 
 
   Ørsted Media Relations: 
 
   Michael Korsgaard 
 
   +45 99 55 94 25 
 
   https://www.globenewswire.com/Tracker?data=m0Y_eld8ihlcQFKMLfzrzhyxhEiDGnO8n1Z8NLjLfty-wL7VILFBCeE8ICVuewXbkoCAhNi3hNsvT5Q-6s_63Q== 
mikon@orsted.dk 
 
   ATP Media Relations: 
 
   Stephan Ghisler-Solvang 
 
   +45 61 22 93 92 
 
   https://www.globenewswire.com/Tracker?data=mfa-OJksLF-65C2hki0PeYpv53eZYJhS_0XumE8WaIptMsLhHEemocYITlrHaYGXhEg0GLuu9H8DgQeHE0HmQw== 
stg@atp.dk 
 
   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 6,179 
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. 
 
   About ATP 
 
   The ATP Group is Denmark's largest pension company and processing 
business. We solve tasks for almost all Danish citizens and companies. 
With pension assets of DKK 960 billion, ATP is one of Europe's largest 
pension companies. Pensions & Investments are responsible for ATP's 
pension product, ATP Livslang Pension (Lifelong Pension). ATP Livslang 
Pension is a collective scheme with more than 5 million members. The aim 
is to provide good and stable pensions by ensuring a lifelong real value 
guarantee. This is done by investing in e.g., bonds, equities, real 
estate and infrastructure. ATP Livslang Pension ensures that almost all 
citizens in Denmark receive a supplement to the state pension when they 
retire -- and for the rest of their lives. 
 
   Attachment 
 
 
   -- FINAL_EN_NSEI_announcement 
      https://ml-eu.globenewswire.com/Resource/Download/9264875c-7ebb-434b-949c-08e9ef3cda12 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

April 22, 2021 01:15 ET (05:15 GMT)