Accelerating the global green energy transformation

In Ørsted, we want to help accelerate the transformation away from fossil fuels to green energy. In 2018, we have increased our buildout targets for offshore wind to 15GW by 2025, enough to power more than 30 million people. We have strengthened our presence in the US, where states on the East Coast have set ambitious new green energy targets. 

In 2018, we also expanded the scope of our green energy solutions to include onshore wind, solar and storage. As a result, we have set a target for 2030 that comprises all our green energy generating assets, namely offshore wind, onshore wind, solar PV, and biomass fired power stations. Our target is 30GW, which is enough to power more than 50 million people.
 
Realising our green energy targets depends on our ability to bring offshore wind to global markets. Offshore wind is the fastest growing energy technology globally today. Now, countries outside Europe see an opportunity for making offshore wind a key technology in the transformation of their energy systems from black to green. This will reduce their dependence on fossil fuels and benefit the climate.
 

Helping bring offshore wind to the US

In the US, most of the energy generation comes from fossil fuels. But highly populated states on the US East Coast, such as Massachusetts, New Jersey, and New York, are shifting away from fossil fuels by setting ambitious renewable energy targets. Offshore wind can help meet these goals. 

We have been in the US since 2015 and in 2018, we further strengthened our US activities by acquiring Deepwater Wind. With Deepwater Wind, we have created a leading US offshore wind platform and secured the rights to build approx 950MW offshore wind across projects on the US East Coast by 2023 – enough to provide power to 800,000 people. By merging Deepwater Wind’s US East Coast development portfolio with our own, as it stands we now have the potential to build over 6GW of offshore wind across seven states on the US East Coast.

Though building offshore wind in untested markets poses a number of challenges for us. Among the most important is the establishment of an offshore wind supply chain in a short space of time.
 
 

Download and learn more

Read more about our transformation and how we bring offshore wind to the US on pages 11-12 in the 2018 sustainability report.

 

Sustainability Report 2018

A world that runs entirely on green energy Enabling sustainable growth Business integrity

Waste is a resource for green energy

Increasing waste levels is a major global challenge. In Ørsted we see waste as a valuable resource when the organic content can be turned into biogas, which is a green alternative to natural gas. We invest in waste solutions that can help utilise the many resources that waste has.


Read more

Taking care of the rich diversity of life on Earth

All energy infrastructure is built in a unique environment where we have to do
our utmost to protect the natural ecosystems. It is central that we manage
environmental impacts on these ecosystems well to obtain permission to build
wind farms. 

Read more

A healthy working life in a busy world

In a modern fast-paced culture,
it is crucial to actively support
employees to counter stress and
burn-out. In 2018, we introduced
our Ørsted Life programme
– a new, holistic effort to support
the health and well-being of our
employees.

Read more

 

Our investments in green energy bring tangible benefits to society

In Ørsted, our investments have helped power millions of people with green energy, fight climate change, and boost economic growth and job creation.