Ørsted
Ørsted is the world's largest pure-play offshore wind developer, developing, constructing, and operating utility-scale offshore wind farms alongside onshore wind, solar, battery storage, and bioenergy assets for utilities, governments, and corporate buyers under long-term PPAs.
- Company typePublic
- Founded2006
- HeadquartersGerning, Denmark
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
Ørsted firmographics
Firmographics- Name
- Ørsted
- Legal name
- Ørsted A/S
- Website
- https://orsted.com
- Company type
- Public
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Ørsted is the world's largest pure-play offshore wind developer, developing, constructing, and operating utility-scale offshore wind farms alongside onshore wind, solar, battery storage, and bioenergy assets for utilities, governments, and corporate buyers under long-term PPAs.
- Ownership category
- akta.pro rank
Ørsted industry classification
Industry- Product category
- Offshore Wind Energy Generation
- NAICS
- Wind Electric Power Generation (221115), Biomass Electric Power Generation (221117)
- akta.pro primary industry
- Offshore Wind Power Generation (Fixed-Bottom) (EUACAFAB)
- akta.pro secondary industries
- Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF), Contracted Wind Power Generation (PPA/CFD/FiT-backed) (EUACAFAJ), Wind Operations, Maintenance & Asset Management (Scheduled/Unscheduled) (EUAMACAH), Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE), Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE)
Keywords
Where Ørsted is headquartered
LocationHeadquarters
- HQ city
- Gerning
- HQ country
- Denmark
- HQ region
- Europe
Offices11 records
Markets served
Ørsted business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Power Generation Sales: Revenue from electricity generated by operational offshore wind farms, sold through long-term power purchase agreements (PPAs) with fixed or indexed prices, or into merchant power markets. Core revenue driver.
- Stake Divestments (Farm-Down): Periodic sale of partial ownership stakes in operational or near-complete wind farms to financial partners. Generates upfront proceeds while retaining operational control and management fees.
- Tax Equity Financing: Monetization of tax attributes (Production Tax Credits, Investment Tax Credits) through tax equity partnerships with financial institutions like JP Morgan, converting tax benefits into upfront cash proceeds.
- Energy Trading and Asset Optimization: Trading of electricity, renewable certificates, and optimization of generation assets through proprietary digital trading and analytics capabilities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Revolution Wind - 20-year fixed-price PPAs with Rhode Island and Connecticut utilities |
| Subscription | Multi-year contract | Greater Changhua 2b and 4 - Corporate PPA with TSMC |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Ørsted product offering
Product offeringCore offering
Ørsted develops, constructs, and operates utility-scale offshore and onshore wind farms, solar PV plants, battery energy storage facilities, and bioenergy plants globally, with approximately 10.2 GW of installed offshore wind capacity and 18+ GW of total renewable capacity across Europe, Asia-Pacific, and North America. The company monetizes generated electricity primarily through long-term power purchase agreements (PPAs) of 15-20 years with utilities, governments, and corporate buyers, complemented by energy trading, asset optimization, and periodic stake divestments (farm-downs) to financial partners.
Product overview
Ørsted operates as a renewable energy company with a diversified portfolio spanning offshore wind (its foundational and largest segment), onshore wind, solar energy, battery storage, bioenergy, energy trading, and emerging Power-to-X technologies. The company follows an integrated model covering the full lifecycle from development and construction through operations and maintenance. Its core business is offshore wind farm development and operation, complemented by other renewable energy segments that together form a comprehensive clean energy offering.
Differentiator
Problem solved
Functional benefit
Products and services
- Offshore Wind Energy Generation Utility-scale offshore wind farm development, construction, and long-term operation delivering renewable electricity to utilities, governments, and corporate buyers through power purchase agreements. Ørsted's flagship product and primary business, with approximately 25% global market share outside China.
- Onshore Wind Energy Generation Utility-scale onshore wind farm development, construction, and operation. Ørsted divested its European onshore business (826 MW operational and under construction) to Copenhagen Infrastructure Partners in May 2026 for €1.44 billion, launching Perigus Energy as a standalone company.
- Solar Energy Generation Utility-scale solar photovoltaic farm development, construction, and operation across the US, including agrivoltaic projects like Mockingbird Solar Center (468 MW). Ørsted plans to reach 2 GW of solar capacity in the US.
- Battery Energy Storage Systems Utility-scale battery energy storage system (BESS) development and operation to complement renewable generation, provide grid stability, and store energy for dispatch. Includes co-located storage with solar projects and standalone BESS like Salzburg (150 MW) in Michigan.
- Bioenergy Production Bioenergy production utilizing organic materials for energy generation, operated through Ørsted Bioenergy & Thermal Power A/S as a wholly-owned subsidiary.
- Energy Trading and Asset Optimization Trading of electricity, renewable certificates, and green gas, plus asset optimization through proprietary digital trading and analytics capabilities. Includes risk management services and optimization of generation assets across Ørsted's portfolio and merchant power markets.
- Corporate Power Purchase Agreements Long-term (15-20 year) corporate PPAs enabling large electricity consumers to procure renewable energy directly from Ørsted's generation assets. Anchor customers include TSMC (Greater Changhua 2b and 4, 920 MW) and Meta (Eleven Mile Solar Center, 300 MW).
- Power-to-X Technologies Emerging conversion of excess renewable electricity into hydrogen and synthetic fuels, including e-methanol facility development in Texas supported by U.S. Department of Energy industrial decarbonization funding, and CO2 capture solvents developed with the Technical University of Denmark.
Quantifiable outcome
- Hornsea 3 will power 3.3+ million UK homes when operational in 2027
- +4 more outcomes
Companies that use Ørsted
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
Ørsted technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Ørsted partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- Federation University AustraliaminorPartnership with Federation University Australia through Asia Pacific Renewable Energy Training Centre (APRETC). Ørsted co-designs education pathways, awards scholarships, and operates training facilities including 23-meter wind turbine training tower at Mt Helen campus. Supports offshore wind workforce development in Victoria's Gippsland region.
- Polska Grupa Energetyczna (PGE)coreJoint development of Baltica 2 offshore wind farm (1.5+ GW) in Polish waters of Baltic Sea. Ørsted and PGE commenced offshore construction activities May 2026. Project expected to begin generating power in 2027. Local suppliers including Grupa Przemyslowa Baltic (111 anode cages and platforms) account for 75% of secondary steel units.
- CadelercoreWind turbine installation vessel operator contracted for Hornsea 3 monopile transportation and installation. Using purpose-built A-class vessel Wind Ally and support vessels Wind Orca, ESVAGT FROUDE, and Boston Energy. First of 197 monopile foundations installed May 2026.
- Hitachi EnergycoreStrategic partnership making Hitachi Energy Ørsted's end-to-end partner for offshore wind electrical systems. Agreement aims to shorten lead times and reduce levelized cost of energy through standardization, modularization, effective tendering, and long-term service support. Addresses structural challenges including project complexity, supply-chain constraints, and rising costs.
- Skyborn Renewables (Global Infrastructure Partners)core50/50 joint venture for Revolution Wind (704 MW) off Rhode Island and Connecticut coasts. Skyborn Renewables, GIP's offshore wind platform, co-develops and co-owns project with Ørsted. Project began delivering power to New England grid March 2026, operating under 20-year PPAs.
Scale indicators14 records
Recent moves7 records
Expansion highlights5 records
Ørsted competitors and assessment
Company assessmentDirect peers
- Equinor: Norwegian state-backed energy major that is both a 9.8% shareholder of Ørsted and a direct competitor in offshore wind development globally (e.g., Hywind floating wind, Dogger Bank, Empire Wind). Closest peer by offshore wind scale, capital recycling model, and integrated energy-to-renewables transformation.
- RWE: German utility with one of Europe's largest offshore wind portfolios (Innogy legacy) plus active US development (Community Offshore Wind). Directly competes with Ørsted in UK, German, and US offshore wind markets and follows a similar integrated utility-to-renewables transition.
- Iberdrola (Avangrid): Spanish global utility whose US subsidiary Avangrid Renewables operates major offshore wind (Vineyard Wind, Park City Wind) competing head-to-head with Ørsted in US Northeast. Matches Ørsted's model of utility-scale offshore wind development with corporate PPA offtake.
- EDF Renouvelables: French utility subsidiary developing large offshore wind farms in France, UK, and US (e.g., Fécamp, Courseulles-sur-Mer, Atlantic Shores JV with Shell). Directly competes for the same CfD and US lease auctions as Ørsted.
- Vattenfall: Swedish state-owned utility developing offshore wind in UK, Germany, Netherlands, and Scandinavia (e.g., Norfolk Vanguard, Hollandse Kust Zuid). State-aligned ownership and integrated renewable strategy closely mirror Ørsted's positioning.
- EnBW: German utility with offshore wind operations (EnBW He Dreiht, Borkum Riffgrund) and active expansion in European offshore markets. Smaller scale than Ørsted but competes in same European auctions and CfD frameworks.
Broad incumbents
- TotalEnergies: French supermajor with growing offshore wind portfolio (Seagreen, EolMed floating, Ballymore) as part of broader integrated energy transition. Less specialized than Ørsted but increasingly overlapping in offshore wind and corporate PPA markets.
- Engie: French global utility with offshore wind presence (Saint-Nazaire, Moray West) and broader renewables portfolio. Comparable in scale and integrated utility model but with broader geographic and technology diversification than Ørsted's pure-play offshore focus.
- Shell: Global supermajor with offshore wind portfolio (Hollandse Kust Noord, Atlantic Shores JV, ScotWind leases) and recently hired Ørsted's former Americas CEO Amanda Dasch. Competes with Ørsted for US lease areas and corporate PPAs, though renewables remain a small fraction of Shell's broader business.
Emerging players
- Corio Generation: Macquarie-backed pure-play offshore wind developer with global portfolio (GB, Ireland, Australia, Brazil). Emerging competitive threat to Ørsted with similar pure-play model but younger portfolio; Corio's CEO Samuel Leupold was nominated to Ørsted's board in 2026, highlighting industry linkage.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Ørsted social profiles
Digital presenceØrsted financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ørsted leadership team
Management profileNumber of profiles
Profiles13 records
Ørsted subsidiaries and ownership
Company hierarchySubsidiaries18 records
Ørsted funding detail
Funding detailFunding overview
Funding rounds9 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ørsted M&A and investment
M&A and investmentM&A3 records
Investments9 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ørsted
What does Ørsted do?
Ørsted develops, constructs, and operates utility-scale offshore and onshore wind farms, solar PV plants, battery energy storage facilities, and bioenergy plants globally, with approximately 10.2 GW of installed offshore wind capacity and 18+ GW of total renewable capacity across Europe, Asia-Pacific, and North America. The company monetizes generated electricity primarily through long-term power purchase agreements (PPAs) of 15-20 years with utilities, governments, and corporate buyers, complemented by energy trading, asset optimization, and periodic stake divestments (farm-downs) to financial partners.
Is Ørsted a public or private company?
Ørsted is a public company. It is classified as public and is currently operating.
When was Ørsted founded?
Ørsted was founded in 2006. It employs 5,001 to 10,000 people.
Where is Ørsted based?
Ørsted is headquartered in Gerning, Denmark, in the Europe region.
How does Ørsted make money?
Four revenue lines are on record. Power Generation Sales are the primary driver. The others are stake Divestments (Farm-Down), tax Equity Financing and energy Trading and Asset Optimization.
Who are Ørsted's main competitors?
Direct peers on record are Equinor, RWE, Iberdrola (Avangrid), EDF Renouvelables, Vattenfall and EnBW. Broad incumbents are TotalEnergies, Engie and Shell. Corio Generation is listed as an emerging player.
Does Ørsted have an API?
No public API is recorded for Ørsted.
What industry is Ørsted in?
Ørsted's product category is Offshore Wind Energy Generation. Its primary akta.pro industry code is EUACAFAB, Offshore Wind Power Generation (Fixed-Bottom), with a secondary code of EUACAFAF, Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations). Its NAICS code is 221115.