Wind powers Ørsted profit, firm to switch fleet to EVs by 2025


Ørsted posted higher first half profit as wind generation continues to deliver significant return on investment.

Operating profit increased 2 per cent to DKK 8.8 (£1.1bn), return on capital deployed increased six percentage points to 29 per cent for the period.

The company said it is on track to reach 15GW of offshore wind capacity by 2025, which CEO and president Henrik Poulsen said would “meet our target of a 98% reduction of the carbon emission intensity from our energy generation by 2025, making it essentially carbon free”.

The company said its next targets are to reduce supply chain emissions by 50 per cent by 2032, and to switch its entire fleet to electric vehicles by 2025.

See details here.

Related stories:

Ørsted plans green bond issue to Hornsea 2

Northumbrian Water signs offshore wind PPA with Ørsted

Ørsted eyes more wind, more profit

Wind drives Ørsted profit north

Ørsted posts bigs profit, eyes solar and storage

Ørsted to build 20MW Liverpool battery

Dong to install 2MW battery at Burbo Bank for grid balancing services

Dong calls itself Ørsted instead

Click here to see if you qualify for a free subscription to the print magazine, or to renew.

Follow us at @EnergystMedia. For regular bulletins, sign up for the free newsletter.


Please enter your comment!
Please enter your name here