Ørsted is a Danish company focused on the development and operation of renewable energy sources. It one of the
and a global leader in the development of offshore wind farms. In 2023, Ørsted generated a revenue of roughly 11.4 billion U.S. dollars. The company is currently headquartered in Fredericia, Denmark, and it also serves Sweden, the Netherlands, the United Kingdom, and Germany, among other countries. In 2023, the United Kingdom was
Ørsted’s transition to renewable energy
Ørsted’s story began in 1973 with the creation of Dansk Naturgas A/S, a Danish state-owned company. Its principal purpose was to manage the gas and oil resources in the Danish North Sea area. A few years later, the company was renamed Dansk Olie og Naturgas A/S, also known as DONG, and in 2006, DONG Energy was formed from DONG’s merger with several Danish electricity producers. On November 6, 2017, the company changed its name from DONG Energy to Ørsted, after the Danish scientist Hans Christian Ørsted, to focus exclusively on clean energy. The company divested its oil and gas upstream assets to INEOS and has been fully focused on renewables since then,
primarily on three businesses: offshore, onshore, and bioenergy. Ørsted is considered one of the
most sustainable corporations worldwide.
A global leader in offshore power
Ørsted’s offshore power segment has increasingly become the most important part of the company’s strategy. The company built the world's first offshore wind farm in Denmark in 1991, which consisted of 11 wind turbines and powered 2,200 homes. Since then, Ørsted has stablished itself as a leader in the sector and ranks as the
largest offshore wind farm developer worldwide. In August 2022, Ørsted opened the world’s
largest operational offshore wind farm, Hornsea 2, with 1.3 gigawatts capacity and 165 wind turbines, and located a few kilometers off the Yorkshire coast in the United Kingdom.
This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.
