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    Home > Chemicals Industry > International Chemical > By 2027, Danish energy companies will invest 47 billion euros in green energy

    By 2027, Danish energy companies will invest 47 billion euros in green energy

    • Last Update: 2023-01-03
    • Source: Internet
    • Author: User
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    Danish energy company Ørsted plans to invest around DKK 350 billion (EUR 47 billion) in green energy between 2020 and 2027, of which around 80% will go to offshore wind, including green hydrogen
    .

    This represents an increase of about 50%
    in the company's average annual investment since the last capital markets day in 2018.

    The newly approved strategic plan expands the company's installed renewable energy capacity from the current 12 GW to 50 GW
    by 2030.
    The previous goal was to achieve more than 30 GW of renewable energy installations by the end of the decade
    .

    The new targets include 30 GW of offshore wind, about 17.
    5 GW of onshore wind and solar photovoltaics, and about 2.
    5 GW of other renewable energy sources such as biomass, green hydrogen, and green fuels
    .

    For the period 2020-2027, Ørsted aims to increase operating profit (EBITDA) from offshore and onshore assets in operations by an average of 12% per year to DKK 35 billion to DKK 40 billion
    .

    Ørsted notes that the average return on capital employed for 2020-2027 is expected to be between
    11% and 12%.

    Ørsted also announced that in the future it will reuse, recycle or recycle 100% of all wind blades
    from re-energization or decommissioning.
    In addition, by 2030, all of the company's new plants are planned to have a net positive impact
    on biodiversity.

    Danish energy company Ørsted plans to invest around DKK 350 billion (EUR 47 billion) in green energy between 2020 and 2027, of which around 80% will go to offshore wind, including green hydrogen
    .

    Green energy

    This represents an increase of about 50%
    in the company's average annual investment since the last capital markets day in 2018.

    The newly approved strategic plan expands the company's installed renewable energy capacity from the current 12 GW to 50 GW
    by 2030.
    The previous goal was to achieve more than 30 GW of renewable energy installations by the end of the decade
    .

    The new targets include 30 GW of offshore wind, about 17.
    5 GW of onshore wind and solar photovoltaics, and about 2.
    5 GW of other renewable energy sources such as biomass, green hydrogen, and green fuels
    .

    For the period 2020-2027, Ørsted aims to increase operating profit (EBITDA) from offshore and onshore assets in operations by an average of 12% per year to DKK 35 billion to DKK 40 billion
    .

    Ørsted notes that the average return on capital employed for 2020-2027 is expected to be between
    11% and 12%.

    Ørsted also announced that in the future it will reuse, recycle or recycle 100% of all wind blades
    from re-energization or decommissioning.
    In addition, by 2030, all of the company's new plants are planned to have a net positive impact
    on biodiversity.

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