Ørsted – formerly DONG Energy – is one of the leading energy groups across Northern Europe, focusing particularly on wind power and customer solutions in the UK and Germany. The company currently operates three offshore wind farms in the German North Sea.
Its German panel tender came at a time of the Group's own strategic restructuring. Focusing on offshore wind energy as well as energy trading and distribution worldwide, Ørsted is currently investing more than EUR 2 billion annually and plans to expand its capacities to 6.7 GW in Northern Europe within the next few years.
Pinsent Masons will support Ørsted's ‘Customer Solutions’ activities in Germany in the areas of commodities and energy trading. Dr Thorsten Volz, Head of German Energy at Pinsent Masons, says: "Ørsted is a long-standing client of Pinsent Masons' UK practice. This panel appointment is a great success for the firm and underlines the success of its German energy law practice, which was established in Düsseldorf in 2016. Thanks to our excellent positioning in the field of energy law, we are able to advise on all energy, corporate, contract and regulatory issues.”
Dr Torsten Wielsch, partner at Pinsent Masons, adds: "Ørsted elected us to the panel because of our extensive expertise in energy law, especially in the fields of commodities and energy trading. It will be an exciting task to work for one of Europe's leading energy companies and we would like to expand our client relationship further."