Ørsted, formerly known as DONG Energy, is a Danish multinational energy company that has become a global leader in renewable energy, particularly in offshore wind power. Headquartered in Fredericia, Denmark, Ørsted transitioned from being one of Europe's most fossil fuel-intensive utilities to a pioneering force in green energy over the past decade[1][5]. ## History and Transformation Ørsted's journey began in Denmark but has expanded to operations across Europe, North America, and the Asia-Pacific region[6]. The company's transformation from fossil fuels to renewable energy started with a strategic decision to shift its business model, leading to significant investments in wind, solar, and energy storage technologies[5]. ## Key Achievements - **Offshore Wind Leadership**: Ørsted is the world's largest developer of offshore wind farms, having built approximately 30% of the global offshore wind power capacity excluding mainland China[1][2]. - **Sustainability Goals**: The company aims to produce 99% of its energy from renewable sources by 2025 and achieve net-zero carbon emissions by 2040[1][5]. - **Recognition**: Ørsted was ranked among the top 10 most sustainable corporations globally in 2025 by Corporate Knights[1]. ## Current Status Ørsted continues to grow its renewable energy portfolio, aiming to increase its capacity from over 15 gigawatts to 35-38 gigawatts by 2030[2]. The company reported strong operational performance in the first half of 2025, with plans to strengthen its capital structure through a rights issue[3]. ## Notable Aspects - **Global Impact**: Ørsted is committed to creating a world that runs entirely on green energy, providing sustainable energy solutions to countries and communities worldwide[2][4]. - **Innovation and Technology**: The company's focus on technological innovation has enabled it to become a leader in the transition to renewable energy, setting a precedent for