Ørsted’s Case for Offshore Wind

Climate Knowledge Initative

Ørsted, formerly Danish Oil and Natural Gas, has bet big on wind. Onshore wind has long been cheaper than offshore, raising a set of strategic questions of why to invest in the latter. In this case study, students will learn about the history of renewable energy, particularly wind, as well as the factors bolstering the industry’s growth from government incentives to declines in cost of generation. Students will discuss the options for Ørsted, backed by calculations of LCOE and subsidized LCOE.