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World Resources Institute and Ørsted How Governments Can Scale up Private Sector Investment in the Renewable Energy Transition

Summary: 

To speed up the decarbonisation of the energy sector and limit global warming to 1.5 degrees, governments must work with the private sector to scale up much needed investments through conducive regulatory frameworks and policy solutions, says WRI and Ørsted in their new joint working paper.

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To speed up the decarbonisation of the energy sector and limit global warming to 1.5 degrees, governments must work with the private sector to scale up much needed investments through conducive regulatory frameworks and policy solutions, says WRI and Ørsted in their new joint working paper.

Ørsted Commits to Sustainable Recycling of Wind Turbine Blades

Ørsted commits to either reuse, recycle, or recover all of the wind turbine blades in its global portfolio of onshore and offshore wind farms upon decommissioning.
Article

On Ørsted's Capital Markets Day on 2 June, the company announced its new commitment to either reuse, recycle, or recover all of the wind turbine blades in Ørsted's global portfolio of onshore and offshore wind farms upon decommissioning. The commitment comes as a part of Ørsted's new company strategy which includes an ambition to expand its leading sustainability position and as part of the work towards achieving a carbon-neutral footprint by 2040.

Ørsted Aims for Net-Positive Biodiversity Impact From New Projects Commissioned From 2030

Press Release

As a global sustainability leader with a strong commitment to protect biodiversity, Ørsted sets the ambition to deliver a net-positive biodiversity impact from all new renewable energy projects it commissions from 2030 at the latest. The ambition is part of the company’s new strategy.

Ørsted Accelerates Growth to Realise Its Full Potential As a Global Green Energy Major

Press Release

Renewable energy leader Ørsted accelerates its global build-out of renewable energy and sets the ambition to reach approx. 50 GW of installed capacity by 2030. To support this ambitious build-out, the company plans to invest approx. DKK 350 billion in green energy from 2020 to 2027.

COPENHAGEN, Denmark, June 2, 2021 /3BL Media/ Over the past decade, Ørsted has built a global market-leading position in renewable energy with a total of 12 GW of installed renewable capacity.

Ørsted Is Official Partner of Copenhagen 2021 - Worldpride and Eurogames

Blog

As an official partner, Ørsted wants to promote inclusion and diversity as key to a successful workplace as well as celebrate the ability to live and love safely and freely.

Mette Nørr Gantzhorn, Head of Diversity, Inclusion & Well-Being in Ørsted, says: "At Ørsted, we believe that different perspectives strengthen our ability to be innovative, reinforce our business results, and accelerate our global growth. Recognising that talent is diverse by nature and being inclusive is not only the right thing to do, it also helps us deliver on our bold vision."

Ørsted Completes Permian Energy Center

Blog

Permian Energy Center in Andrews County, Texas. 

Ørsted has completed its Permian Energy Center project, a 460 MWAC hybrid solar and battery storage facility located in Andrews County, Texas.

Permian Energy Center brings Ørsted's onshore operating capacity to 2.1 GW. The project and its 420 MWAC of solar PV and 40 MWAC of battery storage will be located on a 3,600-acre site alongside existing oil and gas installations and will supply growing West Texas demand for electricity.

Ørsted and the UN Global Compact to Help Companies Put Carbon Reduction at the Heart of Their Business

Renewable energy company Ørsted is a patron of the UN Global Compact’s Climate Ambition Accelerator, which aims to help companies set science-based carbon reduction targets and spur ambitious climate action.
Press Release

COPENHAGEN, Denmark, April 23, 2021 /3BL Media/ -- Global society has less than ten years to halve carbon emissions and stay below the critical 1.5°C threshold of global warming. Companies can play a vital role in meeting those climate goals by transforming to more sustainable business models, but they don’t always know where to start.

Ørsted Partners With World Wide Fund for Nature Denmark to Give a Helping Hand to the Seas

Renewable energy leader Ørsted is partnering on a project with the World Wide Fund for Nature (WWF), Denmark, to support marine biodiversity and the cod fish stock in Denmark’s Kattegat straits.
Article

The project, known as “A helping hand to the seas”, aims to explore how biodiversity is affected by imbalances in local ecosystems and support the vulnerable cod fish stock in Denmark’s Kattegat straits.

The cod fish stock in the Kattegat is currently at a historically low point owing to reasons including climate change, overfishing, lack of oxygen in the waters, and habitat loss.

Ørsted to Develop One of the World's Largest Renewable Hydrogen Plants to Be Linked to Industrial Demand in the Netherlands and Belgium

Blog

'SeaH2Land' is an ambitious vision, linking GW-scale electrolysis to the large industrial demand in the Dutch-Flemish North Sea Port cluster through an envisaged regional cross-border pipeline. The green electricity required to produce the renewable hydrogen is proposed to come from the build-out of additional large-scale offshore wind.

Ørsted Signs a Long-Term Power Purchase Agreement with Nucor

Nucor will purchase energy from the Western Trail onshore wind project, currently under construction and expected to be operational later this year.
Blog

Nucor, a steel manufacturer, has signed a long-term agreement to purchase energy from the 367 MW wind farm in Texas.

"Western Trail will utilise Nucor steel, demonstrating our ability to develop multilateral supply chain relationships," said Vishal Kapadia, Senior Vice President and Onshore Chief Commercial Officer at Ørsted. "It's great to partner with Nucor in their efforts to improve the environmental sustainability in the steel industry."

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