TIMELINE
How did
Ørsted become the
LARGEST renewable energy provider ?
With its latest annual revenue recorded at US $ 51.45bn , we look a how Ørsted became such a crucial player in the renewable energy sector
1970 2006 2017
Ørsted ’ s founding and fossil fuel developments
Beginning life as Danish Oil and Natural Gas ( DONG ), 1970 marked the start of the firm ’ s fossil fuel operations as a state-owned Danish energy enterprise .
The beginning of offshore wind installation
Ørsted ’ s venture into the offshore wind market was well underway . In the years that followed , the company closed its coal-fired facilities , divesting oil and gas energy operations .
Becoming a purely renewable energy company
In 2017 , Ørsted completed its transition to a purely renewable energy organisation . Divesting its remaining upstream oil and gas business , it rebranded with a new name : ‘ Ørsted ’.
16 May 2022