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Orsted Plans $57.5 Billion Investments to Become Green Energy Major


By Dominic Chopping
Danish renewable energy developer Orsted A/S said Wednesday that it plans to invest around 350 billion Danish kroner ($57.5 billion) between 2020 and 2027 to become a green energy major.
The company said the investments will help accelerate its build-out of renewable energy, taking advantage of the global green energy transition, and will see its installed capacity more than quadruple to around 50 gigawatts of installed renewable capacity by 2030 from 12 gigawatts presently.
Orsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, bioenergy plants, and provides energy products to its customers. With the newly announced investments, it seeks to grow its position within offshore and onshore wind, solar and sustainable biomass, while growing capabilities to become a leader in renewable hydrogen. ....

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