‘Renewable majors’ will pioneer green energy transition, says Orsted CEO

COPENHAGEN, Aug 22 (Reuters) – Danish offshore wind specialist Orsted aims to become one of a handful of future “renewable majors” that will lead a global transition from fossil fuels to green energy, the company’s chief executive said. Orsted has gone through a rapid transition since 2012 when CEO Henrik Poulsen took the helm, shedding its oil and gas business and phasing out coal to become almost entirely green. The group, which has installed about a quarter of the world’s offshore wind capacity, is seeking to expands in energy storage, onshore wind and possibly solar power in order to build scale and bring the cost of renewable energy even lower. “Scale is important,” Poulsen said at an event in Copenhagen this week. “We must both geographically and technologically build a much wider and bigger platform for the future.” The company, which has so far mainly developed offshore wind farms in Europe, is already involved in battery storage projects and last week agreed to buy U.S. onshore wind farm developer Lincoln Clean Energy in a $580 million deal. “If you look to 2030, I think we will have something called renewable majors, in the same way as we now have […]

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