Ørsted Completes Export Cable Installation at Taiwan’s Greater Changhua 2b, Agrees on Turbine Repair Plans

Ørsted has completed export cable installation at its Greater Changhua 2b offshore wind farm in Taiwan and expects to finish commissioning all turbines in the fourth quarter of 2026, the Danish renewable energy developer said in its third-quarter results released on November 5.

The company also said repair plans had been agreed upon for two turbines damaged in separate incidents at the neighboring Greater Changhua 4 offshore wind farm.

A fire broke out in one turbine on August 8, while another sustained blade damage on October 2. Neither incident caused injuries, and the remaining turbines have continued operating.

CEO Rasmus Errboe said the turbine supplier was leading detailed investigations into both incidents and that preliminary analysis had identified their origins. He described the blade damage as an isolated case and said the cause of the fire could be addressed through existing routine maintenance measures.

Both affected turbines are covered by the supplier’s warranty, and repair plans have been developed and agreed upon, he added.

For the first nine months of 2026, Ørsted reported core operating earnings before interest, taxes, depreciation and amortization (EBITDA) of 20.2 billion Danish kroner, up 19% from a year earlier. Stronger winds and newly connected wind farms supported the increase.

Net profit for the period totaled 2.58 billion kroner, despite 6 billion kroner in noncash impairment charges amid higher interest rates in the U.S. market.

Construction also progressed elsewhere in the company’s portfolio. A major offshore wind project in Germany was completed during the third quarter, while a U.S. wind farm entered commercial operation in October.

Ørsted said its global construction portfolio and financial performance remained in line with expectations. It maintained its full-year EBITDA guidance of more than 28 billion kroner.