Danfoss and Ørsted sign corporate power purchase agreement for Horns Rev 2 offshore wind farm

Danfoss, a world-leading industrial manufacturer of energy-efficient solutions, has signed a 10-year fixed-price corporate power purchase agreement (CPPA) with Ørsted to offtake the renewable electricity output of 27 MW of Ørsted's 209 MW Danish offshore wind farm Horns Rev 2, which came out of subsidy in October 2020.

Danfoss' target to become carbon-neutral globally in 2030 is built on three main strategies. Firstly, Danfoss continues to invest in energy-efficient solutions significantly lowering the heating and electricity consumption in all factories worldwide.

Danfoss will pursue opportunities to connect its factories to local district heating networks to purchase heat produced from renewable energy sources and thereby phase out the use of natural gas and other fossil fuels, but also to recover excess heating from Danfoss' production processes and feed it back into the district heating network - often referred to as sector coupling.