Our green
transformation

How we build a world run on renewable energy

Ørsted has three decades of experience in building renewable energy and is today among the world’s leading renewable energy companies with a broad range of solutions to help decarbonise the world’s energy systems to limit global warming.

 

In Ørsted, we have a vision to create a world that runs entirely on green energy. Fossil fuels still make up over 80% of global energy consumption. To limit climate change and to power the world sustainably, we must drastically accelerate the transformation of the world’s energy systems from black to green. Over the past decade, we have transformed from a black to a green energy company by investing 165 billion DKK in renewables and increasing the share of green energy in our energy generation to 75% by the end of 2018.
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The concentration of greenhouse gases in the atmosphere has never been higher. We have reduced our carbon emissions by 72% in comparison with 2006. By 2025, our heat and power generation will essentially be carbon-free. Our carbon emission reduction target for our energy generation means that we are 27 years ahead of the necessary reductions trajectory for our sector.
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Ørsted’s offshore wind farms provide green power to more than 12 million people. The green energy we provide displaces carbon emissions that would otherwise have come from fossil-based energy, such as coal or gas. Since 2017, avoided carbon emissions from our offshore wind farms have exceeded carbon emissions from our heat and power generation.
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Targets in Ørsted’s decarbonisation programme

By 2023

  • Phase out coal completely. Over the past decade Ørsted has shut down three coal-fired power plants in Denmark. Power plants that play a key role in generating heat to Danish households and industry have been converted from coal to certified sustainable biomass. One remaining coal-fired power plant will be shut down by 2023.

By 2025 

  • Carbon neutral operations and energy generation.
  • By phasing out fossil fuels and installing 20GW of renewable energy, carbon emissions will have been reduced by at least 98% by 2025, as compared with 2006.
  • Continue to reduce carbon emissions beyond 98% by switching to a fleet of electric vehicles in the company car fleet, in line with the EV100 requirements and finding other reduction opportunities in the energy generation and operations.
  • Offset any residual emissions through verified, measurable and additional carbon removal projects.

By 2030

  • Build more than 30GW of green energy across technologies – enough to power more than 50 million people.

By 2032

  • Reduce emissions from energy trading and in the supply chain by 50%, as compared with 2018, to align carbon reductions across the entire carbon footprint with the 1.5°C pathway.

By 2040

  • Carbon neutral footprint a decade ahead of the 1.5°C pathway by driving out remaining emissions from energy trading and from the supply chain.

Sustainability report 2019

Carbon neutral to stop global warming at 1.5ºC