EnergyWatch

Ørsted plans to maintain lead without "brag-a-watts"

The Danish utility acknowledges that it might end up being the largest green energy player, but multiplying its solar capacity, consideration given to birdlife as well as a new technology recalling fond memories of times past will ensure Ørsted's sustained forerunner status.

Photo: Ørsted / Screenshot

What difference can be achieved in a half year?

In late 2018, when Ørsted announced its goal to invest DKK 200bn (EUR 26.9bn) up to 2025 to achieve 30 GW in renewable capacity, the market's reception seemed to say the target was too good to be true. Comments acclaimed the utility as "world conqueror", but the "almost unheard of sum" was also met with a degree of skepticism, leaving now-former Chief Executive Henrik Poulsen with little recourse than to defend the risk of making such a large, bold bet.

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Denmark allocates additional PtX funds

Danish parliament's IPCEI agreement doesn't touch Dutch funds previously earmarked by the government for Power-to-X, says energy minister Dan Jørgensen. On the other hand, the allocated DKK 850m will not necessarily go to the common European projects.

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