Brief: Ørsted Says Co Receives Final Opinion Regarding Taxation Of Walney Extension And Hornsea 1

Oersted A/S

10/09/2026 20:32

Sept 10 (Reuters) - Oersted A/S ORSTED.CO:
REG-ØRSTED A/S ØRSTED RECEIVES FINAL OPINION REGARDING TAXATION OF WALNEY EXTENSION AND HORNSEA 1
ORSTED - ACCORDING TO OPINION WALNEY EXTENSION AND HORNSEA 1 OFFSHORE WIND FARMS HAVE A GENUINE LEGAL AND ECONOMIC PURPOSE
ORSTED - PROJECTS ARE THEREFORE PRIMARILY TAXABLE IN COUNTRY WHERE THEY ARE LOCATED, AND OVER PROJECTS' LIFETIME AS THEY GENERATE POWER AND REVENUE
ORSTED: WILL ENTER INTO DIALOGUE WITH DTA TO FIND RESOLUTION REGARDING OTHER PROJECTS WHERE DTA MADE SIMILAR ADMINISTRATIVE DECISIONS
ORSTED: WILL ENTER INTO DIALOGUE WITH HMRC REGARDING APPLICATION OF OPINION
ORSTED - OPINION DOES ENTAIL A MINOR UPWARDS ADJUSTMENT TO ØRSTED'S OVERALL TAX POSITION IN DENMARK AS WELL AS RELATED INTEREST
Source text: ID:nEQ1MTqJza
Further company coverage: ORSTED.CO

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