ORSTED A/S-UNSP ADR Business Summary

Ørsted A/S (DNNGY) is a global leader in renewable energy, primarily generating revenue through the development, construction, and operation of large-scale offshore wind farms, which account for the vast majority of its EBITDA. The company operates through three primary business segments: Offshore, its core engine; Onshore, which manages wind, solar, and storage assets across the U.S. and Europe; and Bioenergy & Other, focusing on combined heat and power plants and energy trading. As of mid-2026, Ørsted maintains the world’s largest offshore wind portfolio with over 10 GW of installed capacity and a robust 8 GW pipeline, including major projects like Hornsea 3 and Sunrise Wind. It competes directly with major utilities and energy developers such as Iberdrola, RWE, Equinor, and SSE Renewables, positioning itself as the specialized market leader with a pure-play focus on the green energy transition and high-capacity offshore generation. Following a strategic leadership transition in 2025, the company is led by Group President and CEO Rasmus Errboe, a long-time Ørsted executive with a background in law and business who previously served as Deputy CEO and Chief Commercial Officer. The executive team includes Group CFO Trond Westlie, formerly the CFO of A.P. Moller-Maersk and Telenor, and Chief Operational Officer Patrick Harnett, who oversees project execution. Amanda Dasch serves as Chief Development Officer, bringing over two decades of experience from Shell to lead global commercial strategy. The Board of Directors is chaired by Lene Skole, CEO of Lundbeckfonden, and includes notable energy industry veterans such as Samuel Leupold and Karl Johnny Hersvik. The Danish State remains the majority shareholder, providing a stable capital foundation as the company pursues its goal of reaching 35-38 GW of installed renewable capacity by 2030.