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.