Search results for: Greater Changhua

216 results

A list of search results

  • 16 October 2023
    Business & Finance

    Ørsted has selected Cathay Life Insurance as the preferred bidder for a 50 per cent ownership share in the 583 MW Greater Changhua 4 offshore wind farm in Taiwan. Following a competitive divestment process, Ørsted signed an exclusivity agreement with Cathay Life Insurance, selecting the Taiwanese insurance company and its affiliate as preferred bidder for the […]

  • 20 June 2023
    Contracts & Tenders, Wind Farm Update

    The Netherlands-based Twentsche KabelFabriek (TKF) has been awarded a cable supply contract from Ørsted for the 920 MW Greater Changhua 2b and 4 offshore wind farms in Taiwan. The contract scope includes the supply and termination of close to 200 kilometres of inter-array cables and other cables including accessories and connectors, all operating 66 kV […]

  • 2 August 2023
    Contracts & Tenders, Operations & Maintenance, Wind Farm Update

    Mammoet-Giant Taiwan, a joint venture between the Dutch company Mammoet and Taiwanese Giant Heavy Machinery Service, has been picked by Ørsted Taiwan to provide essential support for the 920 MW Greater Changhua 2b and 4 offshore wind farms. The joint venture has been entrusted with the marshalling and lifting activities for 66 suction bucket jackets. […]

  • 20 October 2023
    Contracts & Tenders, Fixed-Bottom, Project Updates, Supply Chain, Wind Farm Update

    Ørsted has contracted CDWE, the joint venture between DEME and Taiwanese shipbuilder CSBC, to carry out seabed levelling and scour protection for the Greater Changhua 2b and 4 offshore wind farms in Taiwan. The scope of work incorporates seabed levelling and scour protection for both the offshore substation and the 66 wind turbine generator locations. […]

  • 8 November 2023
    Business & Finance, Cables, Contracts & Tenders, Fixed-Bottom, Foundations, Grid Connection, Project Updates, Supply Chain, Wind Farm Update

    Van Oord has been awarded contracts for Baltic Power offshore wind farm in Poland and Greater Changhua 2b and 4 offshore wind farm in Taiwan valued at more than EUR 500 million. For the Baltic Power offshore wind project in the Polish Baltic Sea, Van Oord will transport and install 78 foundations, including 76 monopile […]

  • 19 September 2023
    Contracts & Tenders, Equipment, Supply Chain

    CRP Subsea has been awarded a contract by Ørsted to provide NjordGuard, an integrated cable protection system, for the Greater Changhua 2b and 4 offshore wind farms in Taiwan. Under the contract, CRP Subsea will supply a total of 142 NjordGuard cable protection systems, which will protect all inter-array and export cables on the projects. […]

  • 16 August 2023
    Grid Connection, Wind Farm Update

    Seatrium has held a strike steel ceremony at its Pioneer Yard in Singapore to mark the start of construction of the offshore substation for Ørsted’s Greater Changhua 2b and 4 offshore wind farms in Taiwan. Seatrium said that this project is the latest under construction by Seatrium New Energy (a member of Seatrium Group) for […]

  • 6 November 2023
    Business & Finance, Contracts & Tenders, Fixed-Bottom, Planning & Permitting, Project Updates, Supply Chain, Vessels, Wind Farm Update, Wind Turbines

    Several days ago, Ørsted called it quits on the Ocean Wind 1 offshore wind farm in the US, with some of the main issues leading to the decision to abandon the project being supply chain bottlenecks, primarily vessel shortages. This has affected not only the now-dropped Ocean Wind 1 but also the company’s Revolution Wind […]

  • 30 August 2023
    Business & Finance, Fixed-Bottom

    Ørsted has signed a NTD 25 billion (EUR 721 million) sustainability-linked revolving loan facility agreement for the developer’s offshore wind farms in Taiwan with a consortium of financial institutions, including nine state-owned banks. Ørsted and the financial institutions have aligned to include sustainable initiatives related to Ørsted’s business operations as key performance indicators to ensure […]

  • 19 September 2023
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    UK-headquartered Octopus Energy has made an investment in the 731.5 MW Borssele III and IV offshore wind farm in the Dutch North Sea. Octopus Energy Generation acquired a 10 per cent stake in the fully operational 731.5 MW offshore wind farm, located 55 kilometres from the Port of Vlissingen in the Netherlands. The deal comes […]

  • 2 August 2023
    Infrastructure, Vessels

    Huisman has been awarded a contract by Seaway7, part of Subsea7 Group, for the delivery of the entire monopile installation spread for the jack-up vessel Seaway Ventus, which is currently being built by China Merchants Heavy Industry (CMHI). Under the contract, Huisman will deliver a monopile gripper, an upending frame, and two sets of monopile […]

  • 26 May 2023
    Contracts & Tenders, Grid Connection, Wind Farm Update

    LS Cable & System has signed a subsea cable agreement with Ørsted, the world’s leading offshore wind developer headquartered in Denmark, for Greater Changhua 2b and 4 offshore wind projects in Taiwan.  The contract announcement follows Ørsted’s final investment decision, taken in March 2023. The wind farms are now under construction and are set to […]

  • 1 November 2023
    Business & Finance

    Due to adverse impacts relating to supply chain delays, increased interest rates, and the lack of an Offshore Wind Renewable Energy Credit (OREC) on Sunrise Wind, Ørsted has recognised impairment losses of DKK 28.4 billion (about EUR 3.8 billion) in the first nine months of 2023. The majority of impairment losses, DKK 19.9 billion, relate […]

  • 19 May 2023
    Contracts & Tenders, Wind Farm Update

    Ørsted has awarded Petrovietnam Technical Services Corporation (PTSC) a contract to manufacture and supply foundations for the 920 MW Greater Changhua 2b and 4 offshore wind farms in Taiwan. Under the contract, PTSC will manufacture 33 suction bucket jacket (SBJ) foundations which Ørsted said are an environmentally friendly solution using the company’s bespoke designs. “These […]

  • 17 May 2023
    Contracts & Tenders, Wind Farm Update

    Ørsted has signed a contract with South Korea’s HSG Sungdong Shipbuilding for the supply of foundations for the 920 MW Greater Changhua 2b & 4 offshore wind farms in Taiwan. Ørsted signed the contract with HSG Sungdong, worth hundreds of billions of Korean won, in the presence of the Danish Ambassador Svend Olling, Ørsted Korea […]

  • 3 May 2023
    Business & Finance

    World’s leading offshore wind developer, Ørsted, has reported DKK 6.9 billion (EUR 926 million) operating profit (EBITDA) for the first quarter of 2023, DKK 2.5 billion less compared to the same period a year earlier. EBITDA excluding new partnerships in Q1 2023 was DKK 0.9 billion lower than Q1 2022, as Q1 2022 was positively […]

  • 27 April 2023
    Contracts & Tenders, Grid Connection, Wind Farm Update

    Ørsted has awarded Taiwan Cogeneration Corporation (TCC) a contract to build the onshore substation for the 920 MW Greater Changhua 2b and 4 offshore wind farms. The contract award follows Ørsted’s final investment decision on the offshore wind farms last month. Under the contract, Star Energy Corporation (SEC), 100 per cent owned by TCC, will […]

  • 14 April 2023
    Contracts & Tenders

    Siemens Gamesa Renewable Energy has picked Global Wind Service (GWS) as a partner for the complete pre-assembly scope for the 497 MW Fécamp offshore wind farm in France. The offshore wind farm, also known as Parc éolien en mer de Fécamp, will feature 71 Siemens Gamesa 7 MW wind turbines. The Global Wind Service’s scope […]

  • 31 March 2023
    Business & Finance, Wind Farm Update

    Ørsted has taken the final investment decision (FID) on the 920 MW Greater Changhua 2b and 4 offshore wind farms in Taiwan, moving them into the construction stage. Onshore work and fabrication of components will start this year and the project construction is scheduled to be completed by the end of 2025. The project is […]

  • 6 April 2023
    Contracts & Tenders

    Finland-headquartered Konecranes has won a contract to supply four electrical overhead cranes to Siemens Gamesa’s offshore nacelle plant in Taichung Taiwan. The cranes will support the entire material handling of the site’s broadened production scope, with lifting capacities of up to 400 tonnes. The order was booked in the first quarter of 2023 and installation […]

  • 13 March 2023
    Business & Finance, Business development, Contracts & Tenders, Industry, Market Outlooks, Outlook & Strategy, Vessels

    Van Oord has seen the demand in the offshore wind market increase exponentially in 2022, the Dutch marine contractor’s CEO Pieter van Oord said. Van Oord’s Offshore Wind business unit had what the company has described in its financial report for 2022 as a ”a busy year”, recording EUR 599 million revenue, a 72.6 per […]

  • 1 February 2023
    Business & Finance, Wind Farm Update

    Ørsted expects to reach a final investment decision (FID) on its next offshore wind project in Taiwan, the 920 MW Greater Changhua 2b & 4, during this year, as planned. This will move the project into the construction phase and set it on the path towards commissioning in 2025. Ørsted was awarded rights to build […]

  • 1 February 2023
    Business & Finance

    Ørsted reported an EBITDA of DKK 21.1 billion (approximately EUR 2.84 billion) for 2022 and expects this year’s operating profit to be in the similar range, between DKK 20 billion and DKK 23 billion (approx. EUR 2.67 billion and EUR 3.09 billion). For its offshore business, the developer anticipates 2023 earnings to be “significantly higher”. […]

  • 20 January 2023
    Business & Finance

    World’s leading offshore wind developer Ørsted expects operating profit (EBITDA) for 2022 to total DKK 32.1 billion (EUR 4.3 billion), the company’s highest EBITDA to date, based on preliminary and unaudited reporting. The results are within the latest guidance and above the company’s initial expectations for the year, achieved during a year with unusual market […]

  • 13 December 2018
    Business & Finance

    Ørsted has appointed the Bank of Taiwan, Cathay United Bank and BNP Paribas as lead arrangers for financing the Greater Changhua offshore wind projects in Taiwan.

  • 8 July 2020
    Business & Finance, Wind Farm Update

    Taiwan-based TSMC signed a corporate power purchase agreement (CPPA) with Ørsted for the Greater Changhua 2b & 4 offshore wind farm on 8 July. TSMC will offtake the full production from the 920 MW wind farm, making this the largest-ever contract of its kind within renewable energy, according to Ørsted. The contract has been signed […]