Ørsted A/S – Annual report – 31 December 2024
Industry: manufacturing
Non-controlling interests
Note 3.10
In the table, we provide financial information for subsidiaries with significant non-controlling interests. The amounts stated are the consolidated accounting figures of the individual enterprises or groups, determined according to our accounting policies. Amounts are stated before intra-group eliminations.
1 In December 2024, we divested a 24.9 % equity stake of our 50 % share (equivalent to a 12.45 % share) in four UK offshore assets: Hornsea 1, Hornsea 2, Burbo Bank Extension, and Walney Extension, each represented by an individual holding company taking in Brookfield as non-controlling owner. We retain a 37.55 % equity ownership stake in these wind farms.
2 In June 2024, we divested an 80 % equity stake in four of our US onshore assets: Ford Ridge Wind, Sunflower Wind, Helena Wind, and Western Trail Wind to Stonepeak. We retain a 20 % equity ownership stake.
3 Primarily related to UK assets: Walney and Gunfleet Sands.
4 A complete list of all non-controlling interests, their company legal names, and country of registration can be found here: orsted.com/company-overview
5 During 2023, we acquired the remaining equity in Ocean Wind, Bay State Wind, and Lease Area 500.
§ Accounting policies
Transactions with non-controlling interests are accounted for as transactions with the shareholder base.
Gains and losses on the divestment of equity investments to non-controlling interests are recognised in equity when the divestment does not result in a loss of control. See ‘Consolidated statement of shareholders’ equity’ and note 5.2 ‘Equity’.
For a description of our ‘Key accounting judgement’ on ‘Consolidated method for partnerships’, see note 2.6 ‘Other operating income and expenses’.
Company overview
Note 7.4
Accounts examples 