Tag: orsted

Offshore wind pact is a giant leap towards powering Europe with renewable, secure, and cost-competitive electricity

Stuart Mitchell

The Joint Offshore Wind Investment Pact for the North Seas is a giant leap towards powering Europe with renewable, reliable, and cost-competitive electricity. With more investment predictability, a de-risked investment framework, and a coordinated build-out plan of up to 15 GW per year in Europe, Ørsted and the offshore wind industry is committed to bringing down the cost of electricity from offshore wind by 30 % towards 2040. Today, at the North Sea Summit 2026 in Hamburg, the governments of Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway, and the…

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Ørsted ranked as a global sustainability leader by Corporate Knights

Stuart Mitchell

Ørsted takes ninth place in this year’s Corporate Knights Global 100, which ranks the most sustainable companies in the world based on an assessment of the companies’ sustainability performance. This is the ninth year in a row that Ørsted is included on the Global 100 list of the most sustainable companies in the world. Ingrid Reumert, Senior Vice President for Global Stakeholder Relations at Ørsted, says: “We’re pleased to be recognised as a global sustainability leader by Corporate Knights and to be ranked among the top ten most sustainable companies…

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Reefs made up of endangered species to pave the way for more life in the sea

Stuart Mitchell

The North Sea region used to be full of biogenic reefs, but as intensive exploitation has deteriorated the marine environment, most of the native biogenic reefs have disappeared. That is why WWF-Denmark and Ørsted will establish a reef filled with horse mussels and native oysters – the Hirsholmene archipelago close to Frederikshavn in the northern part of Denmark has been identified as the prefered site for the project. Ørsted and WWF-Denmark has chosen Hirsholmene archipelago close to Frederikshavn in the northern part of Denmark as location for their BioReef project.…

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Ørsted secures first access to lower-emission heavy plate steel through MoU with Dillinger

Stuart Mitchell

Ørsted and Dillinger (Aktien-Gesellschaft der Dillinger Hüttenwerke) strengthen their partnership as the energy company secures first offer to procure Dillinger’s lower-emission heavy-plate steel for offshore wind foundations. Through the memorandum of understanding (MoU), Ørsted supports Dillinger’s efforts to drive the decarbonisation of steel production and leverages its influence to secure resilient supply chains, steel capacity, and the optionality to deliver on expected future costumer demands. Ørsted, the world leader in offshore wind, and Dillinger, the largest heavy steel plate producer in Europe, re-iterate the strength of their partnership by agreeing…

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Ørsted partners with Breakthrough Energy Catalyst, the European Commission, and the European Investment Bank for FlagshipONE

Stuart Mitchell

At December’s COP28, Ørsted announced that the EU-Catalyst Partnership, which consists of the European Commission, Breakthrough Energy Catalyst, and the European Investment Bank, has vowed to support Ørsted’s FlagshipONE project, highlighting the innovative nature of this project and its potential to contribute to the decarbonisation of shipping. FlagshipONE is Europe’s largest e-methanol plant and is currently the world’s strongest proof point that carbon-neutral shipping is possible.   Breakthrough Energy Catalyst is a first-of-its-kind model, bringing together government partners and leading organisations from across the private sector to fund and scale…

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