Ørsted has recently notified the company’s new strategic ambition and financial guidance. It has set a target to reach approximately 50 GW of installed capacity by 2030 and plans to invest approximately DKK 350 billion in green energy from 2020 to 2027. To continue to lead in the global energy transformation towards renewables and become a global green energy major, Ørsted is now accelerating its global build-out of renewable energy assets. 

Ørsted has become a global leader in renewable energy over the past decade with 12 GW of total installed renewable capacity. As the build-out of renewable energy accelerates significantly with the global installed renewable energy capacity to almost triple by 2030, there are massive growth opportunities for the company both in offshore wind as well as onshore renewables. With this new target, the company will more than quadruple its installed capacity over the next decade.

Out of the total 50 GW by 2030, approximately 30 GW will come from offshore wind, 17.5 GW from onshore wind and solar PV, and 2.5 GW from other renewables, including sustainable biomass, renewable hydrogen, and green fuels. 80% of the total planned investment is expected to be within offshore wind, including renewable hydrogen, and 20% within onshore wind.