We are a renewable energy company that takes tangible action to create a world that runs entirely on green energy. Our aim is to develop and deploy market leading green energy solutions that benefit the planet and our customers alike, further driving down the cost of green energy. By deploying renewable energy resources at scale, we want to revolutionise the way we power people and reduce the negative effects of climate change, which are currently one of the biggest threats facing the world.
Over the past 30 years we have established our company as a global leader in offshore wind with a 25 per cent market share. We develop, construct and operate offshore wind farms in Europe, the US and Asia, and have built enough offshore wind to power 9.5 million people. By 2025, our ambition is to power 30 million people with offshore wind. The UK is our biggest market with twelve offshore wind farms already operating. By the end of 2021, we will have invested over £13 billion in the construction of new wind farms in the UK. We are committed to ensuring that our presence contributes to sustainable growth and development.
A decade ago, we initiated our transformation from a black to a green energy company. Since then, we have reduced our CO2 emissions by 86% since 2006 and will be completely coal-free by 2023 . In 2017, we divested our upstream oil & gas business, completing our transformation to become a leading pure play renewables company.
In January 2021, Ørsted was ranked the world’s most sustainable energy company by Corporate Knights’ 2021 index of the Global 100 most sustainable corporations.