Ørsted to revamp offshore business to fit future growth plans

Offshore wind park. Image by: Ørsted A/S.

December 3 (Renewables Now) - Danish energy major Ørsted A/S (CPH:ORSTED) today said it will adopt a new operating model for its Offshore operations, designating four main regions for the business.

The step will be undertaken to take advantage of the growth opportunities on the global market and the increasing role of offshore wind in the UK, Ørsted said. It believes the new model will create “a more scalable organisation” for its expansion on an international level.

The specific regions will be the UK, Continental Europe, North America and Asia Pacific. Each of them will take care of market and project development and asset management activities, with construction and operation to be performed through Ørsted’s global engineering, procurement and construction (EPC) and operations and maintenance (O&M) organisation.

The new model will become effective from January 1, 2020.

Following the changes, the UK country chair role will not fit with the new focus and this position will be closed. The UK business will be headed by Duncan Clark, while Matthew Wright, presently UK Country Chair, will leave the business as of February 1.

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
About the author
Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription