Orsted to invest $68 bln in power capacity by 2030

General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain, September 5, 2018. REUTERS/Phil Noble/File PhotoCEO says set to outperform profit goalsOSLO/LONDON, June 8 - Renewable energy group Orsted

Orsted's share price closed 5.1% higher on Thursday at a two-week high, outperforming a 0.5% rise in Copenhagen's benchmark stock index. The company is cooperating closely with suppliers to secure competitive prices and ensure sufficient value in projects for which it had yet to take final investment decisions.

Orsted said in early March the project may not go ahead unless the British government provided more support such as tax breaks. It has also decided to reconfigure its planned 1.1 GW Ocean Winds 2 offshore wind project, which could lead to a delay in the 2029 timeline or to a different technology being used.

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