Orsted A/S : Ørsted's Burbo Bank Extension Community Fund ‘Inspired by Green' with latest round of grants awarded

Orsted wants to see that all organisations applying for its Community Benefit Funds reflect on their environmental impact and take positive steps to reduce the carbon footprint of their projects. Groups are asked to answer two questions during the grant application process: Are they taking steps towards reducing the carbon footprint of their project and if the project will have a positive effect on the environment? The Community Benefit Funds have changed their judging criteria to give greater weight to these answers. In the latest round, eleven organizations were awarded funding through Orsted's Burbo Bank Extension Community Fund. Emmaus Merseyside and The National Trust's Wicks Lake projects were two of the projects that were deemed 'Inspired By Green'. The National Trust has received PS16,425 for Wicks Lake's fencing work. Bree Hodge is the National Trust Ranger responsible for the Wicks Lake project. She said, "Thank you so very much for giving me the best opportunity to improve the beloved Wicks Lake area. The construction of a new fence will help us achieve our goal to improve the infrastructure surrounding the lake. It will also make a significant impact on the long-term future. This will allow people to enjoy the special spot safely, while allowing wildlife to flourish undisturbed. Everyone who visits the site is grateful to be able rebuild this important element. Emmaus Merseyside has received PS14,400 to create a safe walkway in their Sefton community gardens. Marc Bamber is the Chief Operating Officer of Emmaus Merseyside. He said that they are grateful to the Burbo bank Extension Community Fund for their support in continuing the development of the community garden in Sefton. This funding will allow us to improve the accessibility of the garden so that more people can use it and reap the benefits. Imran Nawaz is the Senior Advisor and Community Benefit Fund Manager at Orsted. He said that the funding will allow more people to use the garden. Love your home is about the people who live in it. It's important to be able support projects that reduce their carbon footprint. We would love to hear more applications from organisations and projects. Please apply before the deadline. The following organisations were awarded grants in the most recent round of Burbo Bank Extension community benefit fund: The Fillies GFC and Netherton Sports Health and Personal Development Programme – PS12,250 St Luke's Methodist Church. Refurbishment of community room and kitchen — PS15,000 Emmaus Merseyside. Emmaus Beautiful Garden – PS14,400 Vauxhall Community law and Information Centre. Cost of Living Crisis Support for Coastal Communities PS15,000 River and Sea Sense. Waterlooo Ykids Ltd. The next round of funding will close on 12 April 2023. For the estimated 25-year life of the Burbo bank Extension offshore wind farm's, approximately PS225,000 per year will be available for community projects that will benefit the locality. Orsted's Burbo Bank Extension offshore turbine wind farm is capable of providing electricity to more than 230,000 homes. It was officially inaugurated in May 2017. The 8MW MHI Vestas turbines, which measure a stunning 195m from the sea to the tip, were commercially demonstrated at this offshore wind farm. Original Link Original Document Permalink Attachments

Disclaimer Orsted A/S published the content on 16/01/2023. It is solely responsible. Distributed by Public at 16:09:11 UTC.

Duration: Auto. 2 months 3 months 6 month 9 months 1 year 2years 5 years 10 years max. Mean consensus OUTPERFORM Number Of Analysts 24 Last Close price 669,10 DKK Spread / Average target 17,0%