Done with Danish electricity: Ørsted to focus on green energy

A million Danes to get new electricity distributor

The Danish energy giant Ørsted (formerly DONG) has announced that it will look towards focusing solely on offshore wind energy and will look to divest large portions of its other assets, including its electricity distribution business.

In short, it means that around 1 million Danes in Copenhagen and Zealand could be getting a new electricity provider in the future to replace Radius, which is Ørsted’s subsidiary.

“The Danish power distribution and residential customer businesses are well-run and have a high level of customer satisfaction. However, they are not a sales channel supporting the company’s long-term international growth in renewables,” wrote Ørsted.

“With continued significant investments in green energy in the coming years, the strategic and financial importance of the Danish power distribution and residential customer businesses will be further reduced in the coming years, compared to Ørsted’s rapidly growing international business in green energy.”

READ MORE: Dong Energy changes its name to Ørsted

Natural step
Over the past few years, Ørsted has emerged as a major global player in offshore wind energy and over 85 percent of the company’s annual investment of 15-20 billion kroner is earmarked for offshore wind energy.

Morten Imsgard, a share analyst with Sydbank, contends the energy firm is taking a natural step in focusing its business on the wind energy sector.

“Ørsted has an increasing number of global customers that can acquire lots of energy from the large offshore wind parks. So in regards to that, the customer-based Danish business doesn’t really fit into the company anymore,” Imsgard told DR Nyheder.

TOP STORIES

  • Analysis shows that many students from Bangladesh are enrolled in Danish universities

    Analysis shows that many students from Bangladesh are enrolled in Danish universities

    Earlier this year, the Danish government changed the law on access for people from third world countries to the Danish labor market. Yet, there may still be a shortcut that goes through universities

  • Danish Flower company accused of labor abuse in Türkiye

    Danish Flower company accused of labor abuse in Türkiye

    Queen Company, a Denmark-origin flower producer with pristine sustainability credentials, is under fire for alleged labor rights violations at its Turkish operation, located in Dikili, İzmir. Workers in the large greenhouse facility have been calling decent work conditions for weeks. The Copenhagen Post gathered testimonies from the workers to better understand the situation

  • Advice for expats: Navigating Life as an International in Denmark

    Advice for expats: Navigating Life as an International in Denmark

    Beginning this month, Expat Counselling will be contributing a monthly article to The Copenhagen Post, offering guidance, tools, and reflections on the emotional and social aspects of international life in Denmark. The first column is about Strategies for emotional resilience

  • New agreement criticized for not attracting enough internationals

    New agreement criticized for not attracting enough internationals

    Several mayors and business leaders across Denmark are not satisfied with the agreement that the government, the trade union movement and employers made last week. More internationals are needed than the agreement provides for

  • Let’s not fear the global – let’s use it wisely

    Let’s not fear the global – let’s use it wisely

    Copenhagen’s international community is not just a demographic trend – it’s a lifeline. Our hospitals, kindergartens, construction sites, laboratories and restaurants rely on talent from all over the world. In fact, more than 40% of all job growth in the city over the past decade has come from international employees.

  • The Danish Connection: Roskilde gossip, a DNA scandal & why young Danes are having less sex

    The Danish Connection: Roskilde gossip, a DNA scandal & why young Danes are having less sex

    With half of the population of Copenhagen at Roskilde this week, Eva away in Aalborg and the weather being a bit of a joke , Melissa and Rachel bring you a chatty episode to cheer you up looking into three of the top stories in Denmark this week.

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Sign up here

Career

  • “It’s possible to lead even though you don’t fit the traditional leadership mold”

    “It’s possible to lead even though you don’t fit the traditional leadership mold”

    Describing herself as a “DEI poster child,” being queer, neurodivergent and an international in Denmark didn’t stop Laurence Paquette from climbing the infamous corporate ladder to become Marketing Vice President (VP) at Vestas. Arrived in 2006 from Quebec, Laurence Paquette unpacks the implications of exposing your true self at work, in a country that lets little leeway for individuality

  • Deal reached to bring more foreign workers to Denmark

    Deal reached to bring more foreign workers to Denmark

    Agreement between unions and employers allows more foreign workers in Denmark under lower salary requirements, with new ID card rules and oversight to prevent social dumping and ensure fair conditions.

  • New association helps international nurses and doctors Denmark

    New association helps international nurses and doctors Denmark

    Kadre Darman was founded this year to support foreign-trained healthcare professionals facing challenges with difficult authorisation processes, visa procedures, and language barriers, aiming to help them find jobs and contribute to Denmark’s healthcare system

Want to advertise your job with CPH Post?

Contact us

Jobs