The world’s biggest developer of offshore wind farms plans to ramp up investment to preserve its market-leading position as oil companies eager to boost their green credentials pile into the technology.
“The competition is increasing and, for the world, that’s a great thing. But it will mean that we will have to be on our best game,” Mads Nipper, the new chief executive officer of Orsted A/S, said in an interview. Nipper said the firm is looking at ways of increasing investment levels to keep ahead of the competition.
