ClaimsØrsted

“targeting an unlevered, fully loaded lifecycle IRR at 150-300 basis points spread to WACC at the time of bid or FID, whichever comes first.”

Mads Nipper, Group President and CEO of Ørsted 7 June 2023 Capital Markets Day: Ørsted confirms its ambition of ~50 GW renewable capacity by 2030 (Investegate (Ørsted)) archived copy

Promise Their own work or organisation

Ørsted will target an unlevered, fully loaded lifecycle IRR at a 150-300 basis point spread to WACC at the time of bid or FID, whichever comes first, while investing a majority of CAPEX in offshore.

Own records only Only the person's or their organisation's own records speak to it, so it is not scored.

Promise: Commitments to the person's or organisation's own future action, with something to deliver: was it delivered?

Said for an organisation they lead or work for; it counts on both records.

Reasoning

Whether Ørsted targets a given IRR spread to WACC at bid or FID depends on its internal investment criteria and returns, which are not independently disclosed.

Cite this claim

Ørsted, “Ørsted will target an unlevered, fully loaded lifecycle IRR at a 150-300 basis point spread to WACC at the time of bid or FID, whichever comes first, while investing a majority of CAPEX in offshore.” (said 7 June 2023). Verdict: own records only. Reliability API, claim c_df6784248e99, method 0.1.0+7831dd9d, dataset release v1.1.2. https://epistacklabs.com/claims/c_df6784248e99

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

For Ørsted, or someone speaking for them: a correction or counter-evidence. Replies are read before anything is shown; an approved reply shows your name, role, date, statement and link. Your email address is never shown and is deleted 30 days after the decision (privacy).

More promise claims by Ørsted

  1. Mostly true Promise 2 June 2021
    “we are today, with immediate effect, announcing a ban on the landfilling of wind turbine blades.”

    Ørsted announced on 2 June 2021, with immediate effect, a ban on landfilling of wind turbine blades.

  2. Mostly true Promise 9 September 2020
    “Henrik Poulsen will remain in office until 31 December 2020.”

    Henrik Poulsen will remain in office as Ørsted CEO until 31 December 2020.

  3. Mostly true Promise 9 September 2020
    “Mads Nipper will take office on 1 January 2021.”

    Mads Nipper will take office as Ørsted CEO on 1 January 2021.

  4. Mostly true Promise February 2018
    “In the future, our guidance will only include the effect from existing offshore wind partnership agreements.”

    Ørsted's future guidance will only include the effect from existing offshore wind partnership agreements.

  5. Resolved false Promise 2017
    “We have decided to stop using coal altogether at our power plants from 2023.”

    DONG Energy will stop using coal altogether at its power plants from 2023.

All of them

Verdicts are made automatically; how verdicts are made.