The world needs to rapidly increase the share of renewable energy if we are to mitigate the effects of climate change
At Orrön Energy, we contribute to the energy transition by investing in and producing renewable energy in a responsible manner, for a sustainable energy future.
Climate change is one of the greatest challenges of our time, and the world must transition to energy sources with lower greenhouse gas emissions if we are to limit global warming. The energy transition will require a significant increase in renewable energy capacity, with wind and solar power being highlighted as critical to achieving these objectives. Given the intermittent nature of renewables, batteries also play an important role in the energy transition, due to their ability to store energy and balance supply and demand in power systems. All of these technologies form a core part of our business model, and we are committed to continuing investing in renewables and technologies that help drive the energy transition.
What is the role of renewables in the energy transition?
The renewables industry will be a leader of change in the energy transition, and the deployment of clean energy sources are set to expand rapidly. Today, renewables contribute to only 30% of the global electricity supply, but the electrification of key sectors, such as transport and industries will significantly increase the demand for clean energy. Renewables such as solar, wind and batteries, are at the heart of the energy transition and will play a vital role in mitigating the effects of climate change.
How does Orrön Energy help drive the energy transition?
We aim to help drive the energy transition by producing renewable energy responsibly, safely and at low cost.
Our Sustainability Strategy is underpinned by specific actions and clear objectives:
- We contribute to mitigating climate change by increasing the share of renewable power generation in the countries where we operate, and we will also seek to reduce our own carbon footprint
- We are committed to protecting the biodiversity and the environment around our facilities and to not cause harm to ecosystems
- We have a strong focus on health and safety and aim for zero serious incidents
- We conduct stakeholder engagement and dialogue to support local communities
- We follow good governance practices to ensure that business activities are conducted efficiently and responsibly, that responsibilities are allocated in a clear manner and that the interests of shareholders, management and the Board of Directors remain fully aligned
Read more about the Company’s contribution to climate change mitigation and reported carbon emissions in the Annual and Sustainability Report.