Ørsted's earnings rose by 19% in the first nine months of 2026, the Danish energy group said in its interim report, as new offshore wind farms began generating and work advanced on Hornsea 3 off the Yorkshire coast.

Earnings before interest, tax, depreciation and amortisation, excluding new partnerships and cancellation fees, grew to DKK 20.2 billion, up from DKK 17.0 billion in the same period last year. Ørsted said higher wind speeds across its portfolio, higher prices and ramp-up generation from new wind farms drove the increase.

Two offshore wind farms reached commercial operations during the period: Borkum Riffgrund 3 in Germany and Revolution Wind in the United States. In the United Kingdom, the second and final offshore converter was installed at Hornsea 3, which Ørsted describes as the world's largest offshore wind farm project.

The company also completed construction of a 300 MW battery energy storage system co-located with the Hornsea 3 onshore converter station, which it said will be one of Europe's largest and has now entered the testing phase.

Profit for the period was DKK 2.6 billion, down by DKK 3.9 billion, mainly because of non-cash impairments linked to interest rate increases on the company's US projects. Gross investments fell to DKK 28.5 billion from DKK 39.9 billion a year earlier.

Ørsted maintained its full-year guidance for earnings above DKK 28 billion, excluding new partnerships and cancellation fees, and said it had received a final opinion on the taxation rights for the UK offshore wind farms Walney Extension and Hornsea 1, in line with its longstanding interpretation.