Ørsted A/S: Revolution Wind receives offshore stop-work order from US Department of the Interior's Bureau of Ocean Energy Management

DJ Revolution Wind receives offshore stop-work order from US Department of the Interior's Bureau of Ocean Energy Management

Ørsted A/S (Ørsted)
Revolution Wind receives offshore stop-work order from US Department of the Interior's Bureau of Ocean Energy
management
23-Aug-2025 / 01:52 CET/CEST

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8/23/2025 1:52:47 AM CEST | Ørsted A/S | Inside information

On August 22, 2025, Ørsted's subsidiary Revolution Wind LLC, a 50/50 joint venture with Global Infrastructure Partner's
Skyborn Renewables, received an order instructing the project to stop activities on the outer continental shelf related
to the Revolution Wind project from the US Department of the Interior's Bureau of Ocean Energy Management (BOEM).
Revolution Wind is complying with the order and is taking appropriate steps to stop offshore activities, ensuring the
safety of workers and the environment.

The project commenced offshore construction following the final federal approval from BOEM last year. The project is
80% complete with all offshore foundations installed and 45 out of 65 wind turbines installed.

Ørsted is evaluating all options to resolve the matter expeditiously. This includes engagement with relevant permitting
agencies for any necessary clarification or resolution as well as through potential legal proceedings, with the aim
being to proceed with continued project construction towards COD in the second half of 2026.

Revolution Wind is fully permitted, having secured all required federal and state permits including its Construction
and Operations Plan approval letter on November 17, 2023 following reviews that began more than nine years ago.
Revolution Wind has 20-year power purchase agreements to deliver 400 MW of electricity to Rhode Island and 304 MW to
Connecticut, enough to power over 350,000 homes across both states to meet their growing energy demand. As a reference,
South Fork Wind, which is adjacent to Revolution Wind and uses the same turbine technology, delivers reliable energy
to New York at a capacity factor of 53% for the first half of 2025, on par with the state's baseload power sources.

Ørsted is investing into American energy generation, grid upgrades, port infrastructure, and a supply chain, including
US shipbuilding and manufacturing extending to more than 40 states. Revolution Wind is already employing hundreds of people
local union workers supporting both on and offshore construction activities. Ørsted's US offshore wind projects have
totaled approximately 4 million labor union hours to date, 2 million of which are with Revolution Wind.

Ørsted is evaluating the potential financial implications of this development, considering a range of scenarios,
including legal proceedings. Ørsted will, in due course, advise the market on the potential impact of the order on the
plan announced on August 11, 2025 (company announcement 12/2025) to conduct a rights issue. Existing shareholders and
Prospective investors are advised to await further announcements by the company.

Global Media Relations
Tom Christiansen
+45 99 55 60 17
[email protected]

Investor Relations
Rasmus Keglberg Hærvig
+45 99 55 90 95
[email protected]

About Ørsted
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and
onshore wind farms, solar farms, energy storage facilities, and bioenergy plants. Ørsted is recognized on the CDP
Climate Change A List as a global leader on climate action and was the first energy company in the world to have its
science-based net-zero emissions target validated by the Science Based Targets initiative (SBTi). Headquartered in
Denmark, Ørsted employs approx. 8,300 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2024, the
group's revenue was DKK 71.0 billion (EUR 9.5 billion). Visit orsted.com or follow us.

Attachments
Ørsted CA no. 15 2025.pdf
News Source: Ørsted A/S
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Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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ISIN: DK0060094928
Category Code: MSCM
TIDM: Orsted
Sequence No.: 399688
EQS News ID: 2187800

End of Announcement EQS News Service
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August 22, 2025 7:53 p.m. ET (11:53 p.m. GMT)