REG-Ørsted A/S Ørsted commits to reuse or recycle all solar panels

Oersted A/SAnnouncement

06/06/2023 14:15

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   Ørsted A/S (Orsted)
   Ørsted commits to reuse or recycle all solar panels

   06-Jun-2023 / 15:00 CET/CEST

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   6.6.2023 15:00:00 CEST | Ørsted A/S | Investor News

   Ørsted is the world’s first energy developer to commit to reuse or recycle
   all solar panels from its global portfolio of solar farms with immediate
   effect.

   Solar energy is a key technology for the green energy transition and for
   limiting global warming. The deployment of this technology requires vast
   amounts of virgin materials. The mining of these has environmental and
   social impacts, and competition to secure access to these materials is on
   the rise.

   To lower dependency on virgin materials, a key solution is to reuse or
   recycle end-of-life solar panels and bring the materials back into
   manufacturing.

   Today, reusing and recycling solar panels is limited, and landfilling is
   still common practice. This means that materials with a high value to the
   green energy transition are simply let go to waste. 

   Ingrid Reumert, Senior Vice President, and Head of Global Stakeholder
   Relations at Ørsted, says:
   "We want to create a world that runs entirely on green energy, and we want
   to do it in a sustainable way. Addressing the most critical waste problem
   of the solar industry, while mitigating social and environmental impacts
   in the supply chain, is essential to doing so. This is an industry-first
   commitment and complements our already existing ambition to reuse or
   recycle all wind turbine blades.”

   Taking action through new partnership to reuse or recycle modules
   Today, Ørsted is announcing a new partnership with SOLARCYCLE, a
   technology-based solar recycling company, to process and recycle Ørsted’s
   end-of-life solar panels from its projects across the US, which is one of
   the main solar markets for Ørsted.

   Ingrid Reumert continues:
   “With this global solar commitment, Ørsted is leveraging its position as a
   leader in sustainability and renewable energy to incentivise the creation
   of a market for – the recycling of solar panels – and with the SOLARCYCLE
   partnership, we’re taking the first tangible steps to ensure that critical
   materials needed for green energy will be reused or recycled.”

   SOLARCYCLE’s recycling facility in Texas extracts the valuable materials
   from panels, including metals like silver, copper, and aluminium, and
   materials such as glass and silicon.
   SOLARCYCLE can take these materials and refine them to make the next
   generation of newer, higher-efficiency solar panels.

   Ørsted has been growing its onshore portfolio in the past few years with
   the ambition of reaching 17.5 GW of wind and solar PV capacity for its
   global onshore portfolio by 2030.

   For further information, please contact:

   Media Relations

   Thor Wilkens

   +45 99 55 44 07

    1 thrwi@orsted.com

    

   Investor Relations

   Rasmus Keglberg Hærvig

   +45 99 55 90 95

    2 ir@orsted.com

    

   About Ørsted

   The Ørsted vision is a world that runs entirely on green energy. Ørsted
   develops, constructs, and operates offshore and onshore wind farms, solar
   farms, energy storage facilities, renewable hydrogen and green fuels
   facilities, and bioenergy plants. Ørsted is recognised on the CDP Climate
   Change A List as a global leader on climate action and 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).
   Headquartered in Denmark, Ørsted employs approx. 8,000 people. Ørsted's
   shares are listed on Nasdaq Copenhagen (Orsted). In 2022, the group's
   revenue was DKK 132.3 billion (EUR 17.8 billion). Visit  3 orsted.com or
   follow us on Facebook, LinkedIn, Instagram, and Twitter.

    

   About the agreement with SOLARCYCLE

   SOLARCYCLE’s recycling technology can extract 95 % of the value from solar
   panels. As panels arrive at the facility, SOLARCYCLE evaluates whether
   they can be reused on site. If a panel cannot be reused, SOLARCYCLE runs
   the panel through its advanced recycling process. The aluminium frame and
   junction box are removed, the glass is delaminated, and the remaining
   panel is shredded. The shredded materials go through a proprietary process
   to recover valuable metals, such as silver and copper, and separate the
   plastics. The company returns materials back to the supply chain,
   including to domestic solar manufacturers.

    

    

       Attachments

     •  4 Permian for PR Solar.jpg
     •  5 Ørsted commits to reuse or recycle all solar panels.pdf

   News Source: Ritzau

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          DK0060094928
   Category Code: MSCL
   TIDM:          Orsted
   Sequence No.:  249000
   EQS News ID:   1650813


    
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References

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