Ørsted

Let’s create a world that’s runs entirely on green energy - By accelerating green innovation!

Ørsted’s vision: Let’s create a world that runs entirely on green energy.

Climate change is a reality, and it’s rapidly changing the conditions of life on Earth. To protect our shared home, we need to become better at powering it with green energy.

From fossil fuels to renewables: our story.

Despite the progress, we believe that more can be done to reduce the consequences of climate change.

In 2008, we did a complete rethink of our business strategy, and that’s when we embarked on our journey of transforming from a fossil-fuelled to a renewables 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.

As a result, we are the global leader in offshore wind, with by far the largest installed capacity and the largest number of new projects among offshore wind developers. 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 sustainability commitment: Creating a lasting positive impact 

As we work to create a world that runs entirely on green energy, we aspire to generate real, lasting positive impacts on nature and society. 

The transition to green energy is the single biggest way to reduce carbon emissions, limiting global heating and its negative knock-on effects, from social injustice to biodiversity loss. We’re proud to be driving this transition forward by working with companies and countries around the world to decarbonise their energy systems through our renewable energy solutions. 

But the speed and scale of the green energy build-out can’t be our only considerations as a sustainable energy company. We need to acknowledge and address the impacts that the build-out itself can have on nature and people.  

To build renewable energy solutions, we need access to sea and land, which means coexistence with nature and those who live and work in these areas. We need to source materials, some of which are scarce or in high demand. And we need a growing workforce with the right skills. 

Our aspiration is to give more back to nature and society than we take – integrating solutions to some of our biggest social and environmental challenges into our green energy projects and creating a lasting positive impact.

Our vision towards 2030: becoming a green energy major

Besides being the world’s leader in offshore wind, we are growing our business within the operation of onshore wind farms, solar centres, energy storage facilities, bioenergy plants and renewable hydrogen facilities. This enables us to go-create the future of the energy system together with our customers, and enable the green transition beyond the power sector - Towards hard-to-abate energy decarbonisation.

Our innovation efforts tend towards building this future energy system together and leaving up to our sustainability commitment - Thanks to novel solutions.