Danish green energy giant lodges $57bn bid for market leading position amid growing competition in renewables. Ørsted has significantly raised its renewable energy installation target to 50GW by 2030, in a bid to retain its leading position on the global market amid an expected surge in demand for green energy over the coming decade. Setting out its new strategic ambition yesterday to become one of the world’s new batch of renewable energy supermajors over the coming decade, Ørsted said it would raise its ambition to install 50GW of renewable power capacity by 2030, up from its previous target of 30GW. Of that 50GW target, the Danish firm expects wind power to make up the lion’s share at around 30GW, with 17.5GW from onshore wind and solar, and around 2.5GW from other renewable energy sources such as biomass, renewable hydrogen and green fuels, it said.
Business Green 3rd June 2021 read more »