Tag: Ørsted

Ørsted CEO Rasmus Errboe becomes Chair of WindEurope and calls for action on Europe’s competitiveness, energy security, and electrification

Stuart Mitchell

As Rasmus Errboe begins an 18-month term as Chair of WindEurope, he calls for Europe to turn its wind ambitions into action through more projects, stronger supply chains, accelerated electrification, and expanded grids. Recently, Rasmus Errboe, Group President and CEO of Ørsted, becomes Chair of WindEurope, the association representing the European wind industry and will be working alongside WindEurope CEO Tinne Van der Straeten to continue to advance the industry’s agenda.  His appointment comes as wind energy plays an increasingly important role in Europe’s competitiveness, energy security, affordability, and climate…

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Ørsted sets course for ‘next zero’ – targeting emissions across the entire value chain

Stuart Mitchell

Ørsted is moving beyond its green transformation to focus on reducing emissions from how offshore wind farms are designed, built, and operated, with the ambition to reach net-zero emissions across its entire value chain by 2040. Reducing emissions in the value chain is both a climate imperative and a business necessity. It reduces exposure to fossil fuel price volatility, strengthens strategic supplier partnerships and enhances market competitiveness as evolving regulations drive higher carbon costs. In a new paper launched at London Climate Action Week, The Next Zero, Ørsted sets out…

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Ørsted will be the first energy company in the world to complete a green transformation with a 98 % reduction in carbon emissions

Stuart Mitchell

As global leaders are gathered in Brazil for COP30, Ørsted will be the first energy company in the world to reach its sector-leading and science-based 2025 decarbonisation target, having reduced its carbon emissions by 98 %. Ørsted has delivered on its industry-leading decarbonisation target, transforming from one of Europe’s most fossil-fuel-intensive utilities to a market leader in offshore wind. Renewable energy now accounts for 99 % of the company’s energy production, while its scope 1 and 2 emissions intensity has been reduced by more than 98 % compared to 2006. As Ørsted will…

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SBTi approves Ørsted’s strengthened pathway to net-zero in 2040

Stuart Mitchell

Ørsted has set new 2030 climate targets to enhance visibility on the actions needed to reach its science based 2040 net-zero target. The 2030 targets, which cover the full value chain emissions (scope 1-3) and align with the 1.5C pathway, have now been formally approved by the Science Based Targets initiative (SBTi). Ørsted was the first energy company to set a science-based net-zero target in 2021. Since then, the company has continued its actions to deliver on its science-based climate strategy. Over a period of only 15 years Ørsted has…

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Ørsted signs agreement with Equinor for carbon removal credits

Stuart Mitchell

In a new agreement, Ørsted will sell carbon dioxide removal (CDR) credits amounting to 330,000 tonnes of CO2 to Equinor over a ten-year period. This is part of Ørsted’s CO2 capture and storage project, ‘Ørsted Kalundborg CO2 Hub’, which will capture 430,000 tonnes of biogenic CO2 annually from two of Ørsted’s biomass-fired CHP plants from 2026. The CO2 that is captured comes from sustainable biomass and will be permanently stored under the North Sea seabed. In this way, CO2 will be removed from the atmosphere and contribute to negative emissions.…

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