Our experience in transitioning from fossil fuels to renewable energy
At Ørsted, we have first-hand experience of what it takes to transition from fossil fuels to renewable energy. Only a decade ago, oil, gas, and coal were our core business. We were one of the most coal-intensive utilities in Europe with an expanding oil and gas production business. The emissions from our coal-fired combined heat and power plants accounted for one third of all Danish carbon emissions. But we decided to phase out fossil fuels and significantly expand our production of green energy.
Since then, we have reduced carbon emissions by phasing out our use of fossil fuels. We have divested our oil and gas production. And since 2006, we have reduced our consumption of coal by more than 80%.