Danish power company Orsted, previously known as DONG Energy , is looking to expand into solar power and storage, according to CEO Poulsen . The company saw profits rise 18% last year to $ more than DKK1 billion after it sold off its oil and gas businesses, and the company has restated its commitment to moving to low-carbon sustainable energy, with a target of going coal-free and sourcing 18% of its power generation from renewables by last year . Poulsen added therefore that these areas were not “expected to contribute significantly” to group finances in the short-term, but were certainly viewed by Orsted as “long-term growth options”. Already the world's largest offshore wind developer, it also investigating the potential for onshore wind.
Danish power company Orsted, previously known as DONG Energy , is looking to expand into solar power and storage, according to CEO Poulsen . The company saw profits rise 18% last year to $ more than DKK1 billion after it sold off its oil and gas businesses, and the company has restated its commitment to moving to low-carbon sustainable energy, with a target of going coal-free and sourcing 18% of its power generation from renewables by last year . Already the world's largest offshore wind developer, it also investigating the potential for onshore wind.