Ørsted Consolidates Buyer Options & Bioenergy Divisions

Danish energy firm and offshore wind big Ørsted introduced Tuesday that it might consolidate two of its enterprise models, Buyer Options and Bioenergy, within the wake of varied selections which have lowered the 2 companies in dimension.

Picture Credit score: Ørsted

The brand new enterprise unit, Markets & Bioenergy, is the results of a number of selections made by the corporate lately which have resulted within the particular person companies declining in dimension, together with the deliberate divestment of its Danish energy distribution and retail buyer enterprise, oil and gasoline infrastructure belongings, and actions which have both been discontinued or transferred to different elements of the corporate.

Solely final month the corporate introduced that it had bought off the Stigsnæs Energy Station, Stigsnæs Transit Harbour, and the Stigsnæs coal terminal, close to Skælskør in Denmark, to a Danish consortium Stigsnæs Industripark A/S. The Stigsnæs Industripark A/S consortium — made up of Rimeco Aktieselskab, Aabenraa, Kloster A/S, Løsning, HM Entreprenør A/S, Horsens, and P. Olesen & Sønner A/S, Hovedgård — was based by 4 firms with in depth expertise inside demolition, refinement of by-products, transport, and the contracting business and have plans to scrub up the world with a view to growing the world.

Ørsted’s point out of its “deliberate divestment” of its Danish energy distribution and residential buyer enterprise is fascinating, contemplating that strikes to unload the division introduced in June of 2018 have been halted by the Danish Ministry of Finance earlier this 12 months. The corporate’s January dedication to proceed investigating additional choices for exiting the companies “which finally additionally might entail a separation of the stated companies to Ørsted shareholders” seems to be ongoing.

These strikes are all a part of Ørsted’s bigger push away from its historical past as a coal and gasoline firm to a world chief in inexperienced vitality.

Thomas Dalsgaard, who has been a part of Ørsted’s long-term inexperienced vitality transition by spearheading the corporate’s profitable transition of its warmth and energy technology actions from coal and gasoline to sustainable biomass, and who has additionally been concerned within the firm’s first actions within the vitality storage and photo voltaic PV sectors, and who most just lately served as Government Vice President of Bioenergy, introduced he’ll go away the corporate.

“It’s been a improbable journey with Ørsted over the previous ten years the place we’ve remodeled the corporate from a conventional coal, oil and gasoline firm to a world chief in inexperienced vitality,” stated Thomas Dalsgaard. “I’ve accomplished my a part of the mission and now really feel that it’s time to strive one thing new.”

“I want to thank Thomas for his nice contribution to the restoration and transformation of Ørsted over the previous ten years,” stated Henrik Poulsen, Ørsted President and Chief Government Officer. “Thomas has had a big and profitable impression on our Danish enterprise whereas additionally launching new progress initiatives. It’s been a pleasure to have him on the workforce. I want him all the perfect sooner or later.”

Morten Buchgreitz has been appointed Government Vice President of the brand new Markets & Bioenergy division.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button