脴rsted maintained its financial guidance for 2020, but flagged a number of risks due to the pandemic, including reduced power demand potentially pushing down wholesale prices, and divestments facing possible delays due to approval processes being conducted virtually.
Henrik Poulsen,聽CEO, is leading a taskforce to steer the company through the pandemic, the developer announced.
It will monitor the pandemic鈥檚 impact in markets where it operates and implement national guidelines and regulations.聽
A large number of employees are already working from home, making it difficult to fully staff site operations and service operation vessels, the company stated.
It also envisages suppliers facing difficulties in delivering critical components to projects, which may hinder project construction.
However, currently, 脴rsted's asset base is fully operational at 鈥渁vailability rates within the normal range鈥 and construction projects are proceeding according to plan.
Guidance
Earlier this month, 脴rsted increased its full-year earnings guidance by DKK 1 billion (鈧130 million) to DKK 16-17 billion due to the impending sale of the transmission assets for the 1.2GW Hornsea One offshore wind farm.聽
The company remains largely shielded from market volatility in the short- to medium-term due to its extensive hedging programme, it stated.聽
However, the developer sees risk 鈥 albeit limited 鈥 of being materially impacted by decreasing gas and power prices and volatile currency rates.
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