Tag: Ørsted

Ørsted Commits to Sustainable Recycling of Wind Turbine Blades

Stuart Mitchell

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. “We want to help create a world that runs entirely on green energy, and we want to do…

Read More

Ørsted joins the SteelZero initiative to support transition to low-carbon steel

Stuart Mitchell

SteelZero, a global initiative to drive market demand for net-zero emissions steel, has been launched with support from major steel-using organisations, including Ørsted. The steel industry contributes about 7 % of global carbon emissions, making it one of the largest contributors to climate change. Zero-emissions steel is critical to meeting global climate goals and decarbonising the steel sector and value chain. On track to be carbon-neutral in 2025, Ørsted targets a net-zero carbon footprint and carbon-neutral supply chain in 2040. Steel accounts for about half of the emissions in Ørsted’s…

Read More

Leading Danish companies join forces on an ambitious sustainable fuel project

Stuart Mitchell

Copenhagen Airports, A.P. Moller – Maersk, DSV Panalpina, DFDS, SAS and Ørsted have brought together the demand and supply side of sustainable fuels in a unique partnership with the concrete vision to develop a new ground-breaking hydrogen and e-fuel production facility as soon as 2023. When fully scaled-up by 2030, the project could deliver more than 250,000 tonnes of sustainable fuel for busses, trucks, maritime vessels, and airplanes every year. Production would potentially be based on a total electrolyser capacity of 1.3 gigawatts, which would likely make it one of…

Read More

Ørsted and Nestlé sign 15-year offshore wind power purchase agreement

Stuart Mitchell

The UK subsidiary of the world’s largest food and beverage company, Nestlé, has signed a 15-year indexed fixed price agreement with Ørsted, the world leader in offshore wind, to buy green power from the Race Bank Offshore Wind Farm. Nestlé UK will buy the output of 31MW of the offshore wind farm’s 573MW total capacity, making it Ørsted’s largest fixed-price corporate power purchase agreement (PPA) in the UK. From 1 May 2020, Nestlé UK will start purchasing 125GWh of green power per year to cover 50 % of Nestlé UK…

Read More

Ørsted to become carbon neutral by 2025

Stuart Mitchell

During the last ten years, Ørsted has transformed from a company with fossil fuels at the core of its business to a pure-play renewables company. Ørsted has gradually dismantled its traditional fossil fuel-based business and built a new business in renewable energy which is now among the biggest green energy companies in the world today. As the leading developer of offshore wind, Ørsted has installed one third of all offshore wind turbines globally. By driving out carbon emissions from its energy generation and operations, the company has reduced its carbon…

Read More