Orsted Seeks Green Supermajor Role With $57 Billion Plan
- Danish company eyes 50 gigawatts of renewable capacity by 2030
- Orsted seeks to keep market-leader role amid tough competition
Source: Orsted A/S
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Orsted A/S plans to spend 350 billion Danish kroner ($57 billion) by 2027 to be the world’s leading green energy provider.
But the Danish firm, already the biggest developer of offshore wind farms, faces increasing competition from other utilities as well as oil majors that aim to be major players in the transition to clean energy, an area it pioneered when it ditched its fossil-fuel business for an all-renewable strategy.