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Danish energy company Orsted recently announced that it will invest $30 billion in green energy by 2025 as it tries to become one of the few future "renewable energy giants" to lead the global transition
from fossil fuels to green energy.
While renewable energy technologies are now able to compete with traditional energy sources, the industry remains vulnerable to changing political winds as governments around the world debate how to combat climate change
.
Orsted, the world's largest offshore wind developer, said it will reach 15 gigawatts (GW) of offshore wind capacity by 2025, up from the previous target of 11-12 GW, and is expected to double capacity to more than
30 GW by 2030.
One of the key drivers will be the expansion of the US market, which recently made two acquisitions to gain a foothold
in onshore and offshore wind.
U.
S.
President Donald Trump has slammed renewable energy as expensive, blamed wind turbines that destroy birds and damage landscapes, while vowing to revive the coal industry
.
While Trump this week rejected the U.
S.
government's prediction that climate change would cause severe economic damage, many states have set ambitious goals for sourcing energy
from carbon-free sources.
Thomas Brostrom said there was "quite a positive attitude in this administration," noting the need to eliminate red tape
around environmental approvals and new auction venues.
These efforts are more about energy independence and job creation than about reducing carbon emissions
.
”
At the same time, Orsted also attaches great importance to the development of Taiwan, which has attracted investment in renewable energy technologies and has become a key battleground
for the world's top offshore wind developers seeking to gain a foothold in Asia.
However, Orsted acknowledged that Taiwan's offshore wind projects could face delays
after deciding last week to oppose the government's plan to scrap nuclear power.
Danish energy company Orsted recently announced that it will invest $30 billion in green energy by 2025 as it tries to become one of the few future "renewable energy giants" to lead the global transition
from fossil fuels to green energy.
While renewable energy technologies are now able to compete with traditional energy sources, the industry remains vulnerable to changing political winds as governments around the world debate how to combat climate change
.
Orsted, the world's largest offshore wind developer, said it will reach 15 gigawatts (GW) of offshore wind capacity by 2025, up from the previous target of 11-12 GW, and is expected to double capacity to more than
30 GW by 2030.
One of the key drivers will be the expansion of the US market, which recently made two acquisitions to gain a foothold
in onshore and offshore wind.
U.
S.
President Donald Trump has slammed renewable energy as expensive, blamed wind turbines that destroy birds and damage landscapes, while vowing to revive the coal industry
.
While Trump this week rejected the U.
S.
government's prediction that climate change would cause severe economic damage, many states have set ambitious goals for sourcing energy
from carbon-free sources.
Thomas Brostrom said there was "quite a positive attitude in this administration," noting the need to eliminate red tape
around environmental approvals and new auction venues.
These efforts are more about energy independence and job creation than about reducing carbon emissions
.
”
At the same time, Orsted also attaches great importance to the development of Taiwan, which has attracted investment in renewable energy technologies and has become a key battleground
for the world's top offshore wind developers seeking to gain a foothold in Asia.
However, Orsted acknowledged that Taiwan's offshore wind projects could face delays
after deciding last week to oppose the government's plan to scrap nuclear power.
