How Orsted ditched coal and became a titan of offshore wind
Corporate Knights
MAY 1, 2025
As an emerging market, offshore wind was expensive to produce twice the cost of onshore but as DONG divested of its fossil fuel assets, it put all of its resources into optimizing every aspect of offshore construction and operation. Its stock price soared, with the companys market value peaking in 2021 at more than US$95 billion.
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