Orsted’s Q1 2023 Operating Profit Declines by 27% Due to Lower Power Prices and Absence of Farm Down

Orsted, the Danish renewable energy company, has reported a 27% drop in operating profit (EBITDA) for the first quarter of 2023. The company's EBITDA for the period was DKK6.9bn (€925m), which is DKK2.5bn lower than Q1 2022. The prior year's figures had been positively impacted by the DKK1.6bn farm down of Borkum Riffgund 3. Lower