ClaimsØrsted

“Over the past decade, Ørsted has built a global market-leading position in renewable energy with a total of 12 GW of installed renewable capacity.”

Ørsted A/S, press release 2 June 2021 Ørsted accelerates growth to realise its full potential as a global green energy major (GlobeNewswire (Ørsted))

Factual Their own work or organisation

Ørsted has a total of 12 GW of installed renewable capacity and has built a global market-leading position in renewable energy over the past decade.

Unresolvable The public record could not settle it.

Factual: Statements about the present or the past, checked against the record: did they hold up?

What would count as true or false

True if, as of 2021-06-02, Ørsted's reported installed renewable capacity was about 12 GW (roughly 11.5–12.5 GW) and independent sources describe it as a global market leader in renewables, at minimum the leading offshore wind developer. Mostly true if installed capacity was between about 11 and 13 GW and it held global leadership in offshore wind. Mixed if the capacity figure is off by more than about 10%, or if the leadership claim is not supported. False if both the capacity and the leadership claims are wrong.

Set before the research began.

Evidence (3)

  1. E1 [PDF] Interim financial report - First quarter 2021 - Ørsted Ørsted · 29 April 2021 Own record

    “Hornsea 1 is located off the east coast of the UK and is, to date, the largest offshore wind farm in the world with a capacity of 1.2 GW.”

  2. E2 Ørsted Suspends Dividend, Cuts Jobs and Exits Offshore Wind Markets Financial Times (republished on iene.eu) · 7 February 2024

    “The world’s largest offshore wind developer Ørsted is suspending its dividend, cutting jobs and exiting several markets as the group plots a recovery from a calamitous 12 months.”

  3. E3 [PDF] Direction of the Wind Over the Japanese Sea Global Wind Energy Council (GWEC), presented by Ben Backwell · 2022

    “Asia took over the title as the largest offshore market in new installations in 2020 and in total installations in 2021;”

Reasoning

No evidence item gives Ørsted's total installed renewable capacity as of mid-2021, so the 12 GW figure cannot be checked. E2 is the subject's own report and only calls one project, Hornsea 1, the world's largest offshore wind farm. E3 independently calls Ørsted the world's largest offshore wind developer, but it dates from February 2024, well after the judge date. E4 ranks regions rather than developers, so the evidence does not settle either part of the claim as of 2021-06-02.

Cite this claim

Ørsted, “Ørsted has a total of 12 GW of installed renewable capacity and has built a global market-leading position in renewable energy over the past decade.” (said 2 June 2021). Verdict: unresolvable. Reliability API, claim c_8123b61247d1, method 0.1.0+7831dd9d, dataset release v1.1.2. https://epistacklabs.com/claims/c_8123b61247d1

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

For Ørsted, or someone speaking for them: a correction or counter-evidence. Replies are read before anything is shown; an approved reply shows your name, role, date, statement and link. Your email address is never shown and is deleted 30 days after the decision (privacy).

More factual claims by Ørsted

  1. Mostly true Factual 13 August 2026
    “The increase was primarily driven by earnings from the construction agreement for Hornsea 3.”

    Ørsted's Q2 2026 offshore EBITDA increase (DKK 4.4 billion vs DKK 4.0 billion) was primarily driven by earnings from the Hornsea 3 construction agreement.

  2. Resolved true Factual 13 August 2026
    “EBITDA excluding new partnerships and cancellation fees in our offshore business amounted to DKK 11.9 billion in the first half of 2026, compared with DKK 10.3 billion last year, primarily driven by…”

    Ørsted's offshore EBITDA excluding new partnerships and cancellation fees was DKK 11.9 billion in H1 2026 versus DKK 10.3 billion in H1 2025, primarily driven by higher wind speeds and higher prices.

  3. Resolved true Factual 6 May 2026
    “Net profit for the period totalled DKK 2.6 billion. This was affected by non-cash tax effects and impairments due to the higher long-dated US interest rates.”

    Ørsted's net profit for Q1 2026 was DKK 2.6 billion, affected by non-cash tax effects and impairments due to higher long-dated US interest rates.

  4. Resolved true Factual 7 June 2023
    “At present, Ørsted operates 15.5 GW of renewable energy assets, while 4.9 GW are under construction across technologies.”

    Ørsted currently operates 15.5 GW of renewable energy assets, with 4.9 GW under construction.

  5. Resolved true Factual 7 June 2023
    “was the first energy company in the world to have its science-based net-zero emissions target validated by the Science Based Targets initiative (SBTi)”

    Ørsted was the first energy company in the world to have its science-based net-zero emissions target validated by the Science Based Targets initiative.

All of them

Verdicts are made automatically; how verdicts are made.