Orsted, the world's leading offshore wind developer, is expected to maintain or even surpass its 2024 core profit in 2025, driven by strategic investments and a focused approach to capital allocation. The company's strong performance in 2024, marked by successful tenders, final investment decisions, and sustainability leadership, sets the stage for continued growth in the coming years.
Orsted's strategic focus on offshore wind and renewable energy positions the company to capitalize on long-term market trends, such as the increasing demand for clean energy and the transition to a low-carbon economy. The global electricity demand is expected to double by 2050, and a significant portion of this growth will come from renewable energy sources. Orsted, with its expertise in offshore wind development, is well-positioned to meet this growing demand.
In 2024, Orsted commissioned 2.4 GW of renewable capacity and was awarded 3.5 GW of offshore wind capacity in the UK. Additionally, the company made a final investment decision on the offshore wind farm Baltica 2 in Poland, further expanding its portfolio. These successes indicate a strong pipeline of projects for 2025 and beyond.
Orsted's commitment to sustainability has also contributed to its strong performance. The company was ranked the world's most sustainable energy company and returned to the top 10 across all sectors on Corporate Knights' 2025 Global 100 index. This recognition reflects Orsted's ability to attract investors seeking environmentally responsible investments.
To maintain its growth trajectory, Orsted will focus on disciplined, value-focused capital allocation to strengthen its capital structure. The company will prioritize the most value-accretive growth opportunities through a self-funded investment program, ensuring a solid investment grade credit rating. Additionally, Orsted will maintain its commitment to sustainability and continue to expand its renewable energy portfolio.
Orsted's strategic focus on offshore wind and renewable energy, combined with its disciplined capital allocation strategy, positions the company to capitalize on long-term market trends and play a significant role in the global energy transition. As the world moves towards a low-carbon economy, Orsted is well-positioned to meet the growing demand for clean energy and generate strong financial performance in 2025 and beyond.
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