Ørsted A/S (formerly DONG Energy) is a Danish multinational power company based in Fredericia, Denmark. It is the largest energy company in Denmark. The company adopted its current name on 6 November 2017.
As of 2020, the company is the world's largest developer of offshore wind power, accounting for 29% of global installed capacity and producing 88% of their energy from renewable sources. The company has a goal of net-zero generation by the year 2025 and no carbon emissions by 2040. Ørsted has its origin in the Danish state-owned company Dansk Naturgas A/S.
The company was founded in 1972 to manage gas and oil resources in the Danish sector of the North Sea.
Ørsted considers Denmark, Sweden, United Kingdom, Germany and the Netherlands as core markets of corporation.
Ørsted is the largest power producer in Denmark with market shares of 49% for electricity production and 35% for heat production. It also owns power production facilities and projects in Germany, Sweden, the Netherlands, Norway and the United Kingdom. Ørsted is the largest offshore wind farm company in the world with a market share of 16%. Ørsted surpassed 1,000 offshore wind turbines in 2016.
According to en.wikipedia