Ørsted Regroups Ahead of Green Energy Decade

Leading offshore wind developer Ørsted is changing the organisational structure to strengthen its ability to tap into the growth potential of global renewable energy markets over the next decade.

Over the next decade, global renewable energy markets are expected to grow at double-digit annual growth rates, and installed renewable capacity is expected to triple towards 2030, the company said.

To fully tap into this growth, Ørsted’s current corporate structure with three business units, Offshore, Onshore, and Markets & Bioenergy, will be replaced by a primarily functional structure comprising Commercial and EPC & Operations. The Onshore business will continue to be organised in one business unit, Onshore.

The Commercial area will bring together commercially focused functions from the current Offshore and Markets & Bioenergy organisations, including Hydrogen.

Commercial will be headed by Martin Neubert who will become Chief Commercial Officer (CCO), Deputy Group CEO of Ørsted, and a new member of the Executive Board.

The EPC & Operations area will bring together the EPC, offshore operations, and bioenergy organisations from the current Offshore and Markets & Bioenergy organisations.

EPC & Operations will be headed by a Chief Operating Officer (COO). The search for this role is ongoing. CEO Mads Nipper will lead the area until the position has been filled.

“Ørsted is strongly positioned to tap into the future growth potential in the global renewables markets,” Mads Nipper, CEO of Ørsted, said.

”With the new organisation we’re implementing now, we want to establish an even stronger customer and market focus, further strengthen the focus on EPC and operations, and support the scaling of our organisation as we continue our strong growth trajectory in the years to come.”

All organisational changes will be effective from 4 February 2021.