Ørsted to revamp offshore business to fit future growth plans

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.

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