We believe that it's time to take real action to create a world that runs on green energy. Renewable energy holds the key to a cleaner future, and we need to act now to reduce the effects of climate change.
Despite the progress, we believe that more can be done to reduce the consequences of climate change. More than a third of the global carbon emissions stem from energy generation.
This huge figure made us rethink our business strategy back in 2008, and that’s when we embarked on our journey of transforming from a fossil-fuel to a renewable energy company. We increased our investments in offshore wind farms and started to convert our power stations from firing coal to using sustainable biomass as fuel. In 2017, we took the final step and divested our oil and gas business.
From fossil fuels to renewables
Our business counts three entities: Offshore, Onshore and Markets & Bioenergy.
We’re the world leader in offshore wind. This means that we now supply green power for more than 15 million people. Our ambition is to increase this figure to 30 million by 2025. Our market-leading position has enabled us to reduce the costs of renewable energy, so new markets and investors can see the huge potential of offshore wind as a more profitable, efficient and sustainable alternative to fossil fuels.
Our business also spans onshore wind power. We currently operate onshore wind farms with a total capacity of 1.7GW in the U.S., and we’re constructing more wind and solar projects in Texas, Nebraska, Alabama and South Dakota. Our objective is to have a total installed capacity of 5GW across onshore wind, solar PV, and energy storage by 2025 – and that’s just the beginning.
Who was Hans Christian Ørsted?
We’ve taken our name after Hans Christian Ørsted, one of Denmark’s best known scientists and innovators. Through his curiosity, dedication and interest in nature, he discovered electromagnetism in 1820, helping to lay the scientific foundation for how power is generated today. These qualities of Hans Christian Ørsted are just what we need to truly revolutionise the way we power people.
We’re headquartered in Denmark, and our shares are listed on Nasdaq Copenhagen (Orsted). We employ 6,500 people who collaborate with our partners to revolutionize the way we power people through innovative energy solutions and real action.
Visit orsted.com or follow us on Facebook, Twitter, LinkedIn, Instagram and YouTube for more on how we can create a world powered entirely by green energy.