Ørsted to supply green power around the clock

The acquisition of a US solar and energy storage project developer is part of a strategic market development, as customers are not satisfied with only using green electricity when weather conditions are favorable, says Ørsted's CEO.

Photo: /Ritzau Scanpix/Mads Claus Rasmussen/

by MAZ PLECHINGER

For an enterprise that often spends major sums on offshore wind projects, Ørsted's latest addition might not seem like such a big deal. Wednesday, the Danish utility announced its purchase of US company Coronal Energy's project developer subsidiary – an acquisition Ørsted Chief Executive Henrik Poulsen tells cost a "low double-digit million figure in USD".

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