Top 50 most sustainable companies in the world (P.6) Orsted A/S: World's largest developer of offshore wind power

03-04-2022

(WorldKings.org) Since 2019, the company has been ranked the world's most sustainable energy company in the Corporate Knights Global 100 Index.

Ørsted A/S (formerly DONG Energy) is a Danish multinational power company based in Fredericia, Denmark. It is the largest energy company in Denmark. The company adopted its current name on 6 November 2017.

Ørsted has its origin in the Danish state-owned company Dansk Naturgas A/S. The company was founded in 1972 to manage gas and oil resources in the Danish sector of the North Sea. After some years, the company was renamed to Dansk Olie og Naturgas A/S (DONG), meaning Danish Oil and Natural Gas. At the beginning of the decade of the 2000s, DONG started to expand itself into the electricity market by taking long positions in electricity companies.

Ørsted considers Denmark, Sweden, United Kingdom, Germany and the Netherlands as core markets of corporation. However, in 2015 they also received a lease from the US agencies the Department of the Interior and the Bureau of Ocean Energy Management, which, in the lease, handed over some sea area in the United States for wind park development, specifically in New Jersey.

Ørsted developed approximately 30% of the global offshore wind power installed capacity, excluding mainland China. Globally, Ørsted produces 90% of their energy from renewable sources, and has an objective of exceeding 95% by 2023 and 99% by 2025. The company has a goal of net zero generation by 2025 and no carbon emissions by 2040. Since 2019, the company has been ranked the world's most sustainable energy company in the Corporate Knights Global 100 Index.

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Brian (Collect & Edit) - WORLDKINGS (Source of photos : internet )

 

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