The target was ambitious
The results speak for themselves:
- In 2016, offshore wind was for the first time our biggest area of business
- When we were publicly listed in 2016, it was very well received by the market, which confirmed our belief in delivering value to investor through our transformation to becoming a clean energy company
- Since 2006, carbon emissions have been reduced by 52%. And we have decided to completely phase out coal by 2023, which will enable us to reach a 96% reduction in carbon emissions
Little less than a decade ago, we were an oil and gas company. We were one of the most coal intensive power utilities in Europe. Today, we are the energy company in Europe which has the highest share of renewables in its portfolio.
Right now, we are at very important point in history where renewables are becoming cheaper than conventional fuels. This means that these fuels will be the economic and rational choice going forward as well as being the sustainable choice.
Today, we are a global leader in offshore wind. We construct and operate offshore wind farms in Denmark, the UK, Germany and the Netherlands. And we have development projects in Taiwan and the USA.
Our strategy is to continue to lead from the front, with an aim to reach a total of 11 – 12 GW offshore capacity by 2025.