To save the world from climate catastrophe , the world needs to urgently phase out the use of fossil fuels . On Wednesday, Danish energy company Orsted announced a major investment program as it seeks to become one of the "renewable majors" leading a global shift away from planet-warming fuels, Reuters reported. Orsted, which built the largest offshore wind farm on Earth, plans to invest 200 billion Danish crowns ($30.26 billion) in green energy between 2019 and 2025, the firm said. Offshore wind projects will receive 75-85 percent of the total investment, while onshore investments will receive the remaining 15-20 percent. Bioenergy and customer solutions will constitute 0 to 5 percent of the spending. Overall, Orsted (formerly Dong Energy) seeks to bump its share of green energy production to 99 percent by 2025, up from 64 percent in 2017. We’re raising our ambitions! 15GW offshore wind by 2025 +30GW renewable energy by 2030 99% renewables in our to… https://t.co/JeZQYcsPAP — Ørsted (@Orsted) 1543388656.0 "Today, our portfolio consists of 11.9 GW (gigawatts) of offshore and onshore wind farms and biomass-fired combined heat and power plants that are either in production, under construction or have been given final investment decision," Henrik […]

LEAVE A REPLY

Please enter your comment!
Please enter your name here