Ørsted - Statistics & Facts

Dansk Naturgas A/S was a Danish state-owned company that was founded in 1972. Its principal purpose was to manage the gas and oil resources in the Danish North Sea area. A few years later, the company was renamed Dansk Olie og Naturgas A/S (DONG) and in 2006, DONG Energy was formed from DONG’s merger with several Danish electricity producers. On November 6, 2017, the company changed its name from DONG Energy to Ørsted, after the Danish scientist Hans Christian Ørsted. The integrated energy company is currently headquartered in Fredericia, Denmark and is one of the country’s largest energy companies. Although, a vast majority of its market is located in Denmark, it also serves Sweden, the Netherlands, the United Kingdom, and Germany, among countries.

Similar to the original company, Ørsted’s principal oil and gas exploration focus remained in the regions around the Norwegian and Danish parts of the North Sea. However, in 2017, Ørsted divested its oil and gas upstream assets to INEOS. Since its divestment, the company has been fully focused on renewables, primarily on three businesses including: Wind Power, Bioenergy & Thermal Power, and Distribution & Customer solutions.

Ørsted’s wind power segment is increasingly becoming an important part of the company’s strategy. It is one of the largest wind farm builders in Europe . The company expects that some 15 million Europeans will receive electricity generated by their offshore wind farms by 2020. In September 2018, Ørsted opened the world’s largest operational offshore wind farm, Walney Extension, with a 659 megawatt capacity. It is also considered the first project to use turbines from two different manufacturers. The company has also acquired Deepwater Wind in order to expand its offshore wind capacity into the United States.

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