183 results found for 'hornsea 1 '

183 results found for 'hornsea 1 '
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  • Seabed Investigations to Soon Start at Hornsea Three Offshore Wind Farm Site

    19 February 2025
    Fixed-Bottom, Project Updates, Wind Farm Update

    Seabed investigations using a remotely operated vehicle (ROV) are scheduled to start at the site of Ørsted’s Hornsea Three offshore wind farm in the UK on 1 March. A work-class ROV will be deployed from a DP vessel to investigate discrete areas of the seabed, both in the array site and on the export cable […]

  • Ørsted Divests Stake in 389 MW UK Offshore Wind Farm for GBP 456 Million

    5 May 2025
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Ørsted has divested a 24.5 per cent stake in the 389 MW West of Duddon Sands offshore wind farm to funds managed by Schroders Greencoat. The value of the transaction is GBP 456.1 million (approximately EUR 534 million) on a debt-free basis. The transaction closed on 30 April 2025. Ørsted will retain a 25.5 per […]

  • Ørsted Signs Multi-Million-Pound Deals for Hornsea 3 Offshore Wind Farm

    12 December 2024
    Business & Finance, Cables, Contracts & Tenders, Fixed-Bottom, Grid Connection, Supply Chain

    Ørsted has awarded several contracts totalling between GBP 75 million and GBP 100 million to companies in the north of England to provide components for the 2.9 GW Hornsea 3 offshore wind farm. JDR Cable Systems, Severfield, and Smulders, all based in the north of England, will produce integral components and services for the Hornsea […]

  • Pre-Construction Surveys Starting at 2.4 GW Hornsea Four Offshore Wind Farm Site

    10 March 2025
    Fixed-Bottom, Project Updates, Wind Farm Update

    As part of the pre-construction works at the Hornsea Four offshore wind farm site in the UK, Ørsted will carry out a geophysical survey campaign, starting in late March/early April, to investigate the physical characteristics of the seabed. The data acquired from the campaign will be used for detailed foundation design and installation activities, jack-up […]

  • Ørsted Pulls Plug on 2.4 GW Hornsea 4 Offshore Wind Project in UK

    7 May 2025
    Business & Finance, Project Updates, Wind Farm Update

    Ørsted has discontinued the development of the UK’s Hornsea 4 offshore wind farm in its current form. The developer said the 2.4 GW project has faced rising supply chain costs, higher interest rates, and increased construction and delivery risks since the Contract for Difference (CfD) award in Allocation Round 6 (AR6) in September 2024. In […]

  • South Korean Firm to Supply Power Equipment for Ørsted’s Hornsea 4 Offshore Wind Farm

    4 November 2024
    Business & Finance, Contracts & Tenders, Equipment, Fixed-Bottom, Grid Connection, Supply Chain

    Denmark’s Ørsted has awarded a contract to Hyosung Heavy Industries for the supply of ultra-high voltage power equipment for the Hornsea 4 offshore wind farm in the UK. Under the contract, the South Korean company will supply 400 kV ultra-high voltage transformers and reactors, essential components for improving power quality for the 2.4 GW Hornsea […]

  • Brookfield Buys Into Ørsted’s Four Operational Offshore Wind Farms in UK

    30 October 2024
    Business & Finance, Project Updates, Wind Farm Update

    Global investment firm Brookfield has bought minority stakes in four UK offshore wind farms owned and operated by Ørsted for around GBP 1.75 billion (approximately EUR 2.1 billion). The buy-in, which Brookfield is pursuing through Brookfield Infrastructure Fund V, will see the investment firm acquiring 12.45 per cent in Hornsea 1, Hornsea 2, Walney Extension, […]

  • Seaway7 to Wire Ørsted’s Hornsea 3 Offshore Wind Farm

    30 October 2024
    Business & Finance, Cables, Contracts & Tenders, Grid Connection, Supply Chain

    Ørsted has awarded Seaway7, part of the Subsea7 Group, a contract for the transport and installation (T&I) of the inter-array cables at the Hornsea 3 offshore wind project in the UK. Seaway7’s scope of work covers the transportation and installation of 192 66 kV inter-array cables, measuring approximately 500 kilometres in length, with offshore activities […]

  • Hornsea 3 Offshore Substation Jackets Start Taking Shape

    22 August 2024
    Contracts & Tenders, Foundations, Manufacturing, Supply Chain

    Heerema has commenced the construction of offshore substation jackets for the 2.9 GW Hornsea 3 wind farm in the UK, kicking off with a steel-cutting ceremony. On 20 August, the company held the first steel-cutting ceremony for the jackets at Heerema Vlissingen in the Netherlands. Ørsted, the developer of the Hornsea 3 offshore wind project, […]

  • CHC Helicopter to Transport Sofia Offshore Wind Farm Crew During Construction

    9 August 2024
    Contracts & Tenders, Fixed-Bottom, Supply Chain

    RWE has awarded a contract to CHC Helicopter for crew change support at the Sofia offshore wind farm, currently under construction on Dogger Bank, 195 kilometres from the North East coast of the UK. According to CHC Helicopter, this is the first time RWE has contracted a helicopter service during the construction phase of an […]

  • Planning Inspectorate to Issue Hornsea 1 Recommendations

    8 September 2014
    Authorities

    The Examining Authority has until Wednesday to issue recommendations on the Hornsea offshore wind farm Project One. The Authority will write a report setting out their conclusions on the application, and stating the  reasons for those conclusions. The report will make a recommendation to the Secretary of State for Energy and Climate Change who will […]

  • Race Bank, Hornsea 1 Community Fund Open for Consultation

    12 July 2016

    A GBP 10 million East Coast Community Fund announced in April by DONG Energy is now open to public consultation, with national grant-making charity GrantScape appointed to complete the consultation process and to administer the Fund. The Fund will ensure that local people benefit from the operation of two of the DONG Energy offshore wind farms […]

  • Ørsted’s Offshore Revenue, EBITDA Dip in Q3

    28 October 2020
    Business & Finance

    Danish energy company Ørsted has reported DKK 2.629 billion operating profit (EBITDA) in the Offshore segment in the third quarter of 2020, an 18 per cent decrease compared to DKK 3.223 billion EBITDA reported for the third quarter of 2019. The decrease is mainly due to lower earnings from construction agreements and divestment gains which […]

  • First Subsea Cracks Offshore Wind Market with Hornsea 1 Contract

    20 February 2017
    Business & Finance, Grid Connection, Technology, Wind Farm Update

    Lancaster-based First Subsea, has entered the offshore wind market after signing a multi-million pound contract with DONG Energy to provide cable protection system units for the 1.2GW Hornsea Project One offshore wind farm.

  • RenewableUK: Hornsea 1 Approval Proof that Offshore Wind Sector Is Developing Robustly

    10 December 2014
    Authorities, Wind Farm Update

    RenewableUK says the Government’s announcement on the go-ahead for a major new offshore wind project shows that the sector is developing robustly. Hornsea 1, which will be located 64 miles (103 km) off the East Yorkshire coast, will have an installed capacity of 1.2 gigawatts (GW) – enough to power more than 841,000 British homes. […]

  • Wind Lifts DONG Energy, IPO Within a Year

    27 April 2016
    Business & Finance

    DONG Energy has ended the first quarter of 2016 with DKK 5.2 billion (EUR 699 million) net profit, a 49% increase compared to DKK 3.5bn net profit recorded in the first quarter of 2015, mainly attributed to a strong performance in the Danish energy company’s Wind Power sector. Earnings before interest, taxes, depreciation and amortization […]

  • Far Offshore Pioneer Turns Ten

    17 September 2019
    Wind Farm Update

    Ørsted’s Horns Rev 2 offshore wind farm has marked a ten year anniversary since its official inauguration by HRH The Crown Prince of Denmark on 17 September 2009. At the time of the inauguration, the 209MW Horns Rev 2 was the world’s largest offshore wind farm. Located in the Danish North Sea at a distance […]

  • Crown Estate: Hornsea 1 Pins UK as Global Offshore Wind Leader

    11 December 2014
    Authorities, Wind Farm Update

    The Crown Estate has welcomed the news that the consortium SMart Wind has been granted development consent for Hornsea Project One by the Secretary of State for Energy and Climate Change. The project is scheduled to commence operation by 2020 when it will become the world’s first gigawatt scale far from shore wind farm. Huub […]

  • Ørsted Greenlights 2.9 GW Hornsea 3 Offshore Wind Farm

    21 December 2023
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Ørsted has taken the final investment decision (FID) on what the company says is the world’s single largest offshore wind farm, the 2.9 GW Hornsea 3, which is expected to be completed around the end of 2027. In July 2022, Ørsted was awarded a contract for difference (CfD) for Hornsea 3 at an inflation-indexed strike price of […]

  • Ørsted’s Profit Down 52 Per Cent in Q1 2021

    29 April 2021
    Business & Finance

    Ørsted has reported a net profit of DKK 1.6 billion (EUR 215 million) for the first quarter of 2021, a 52 per cent decrease from DKK 3.3 billion from the same period last year. The Danish company saw an operating profit (EBITDA) of DKK 4.9 billion (EUR 659 million) for Q1 2021, a DKK 1.9 […]

  • Aviva Backs Hornsea One with GBP 400 Million

    28 November 2018
    Business & Finance

    The UK-based Aviva Investors has invested GBP 400 million to help fund the construction of Ørsted’s Hornsea Project One offshore wind farm.

  • Offshore Wind Eases DONG’s Financial Pains

    4 February 2016
    Business & Finance

    DONG Energy recorded an operating profit (EBITDA) of DKK 18.5 billion (EUR 2.48 bn) in Fiscal Year 2015, a 13% increase compared to DKK 16.4 bn EBITDA in FY 2014, driven mainly by higher generation from offshore wind and higher levels of offshore wind farm construction activities for co-investors, the company said in its annual report today. […]

  • UK Signs FID Contracts for Five Offshore Wind Projects

    9 June 2014
    Authorities, Business & Finance, Wind Farm Update

    The UK Government has signed eight contracts awarded under the Final Investment Decision (FID) Enabling for Renewables process, including five contracts for offshore wind projects. In April, the Government revealed eight awarded projects, which include offshore wind farms, coal to biomass conversion plants and dedicated biomass plants with combined heat and power. Together, they represent […]

  • DONG Energy Books Esvagt Castor for Hornsea One

    30 October 2017
    Vessels

    DONG Energy has chosen Esvagt’s standby safety vessel Esvagt Castor to assist in establishing the 1.2GW Hornsea One offshore wind farm located off Grimsby in the UK part of North Sea.

  • Nexans Joins Hornsea Two Cable Supply Roster

    19 November 2018
    Contracts & Tenders, Grid Connection, Wind Farm Update

    French cable maker Nexans has won a contract to provide a subsea export cable system for the nearshore section of Ørsted’s 1.4GW Hornsea Project Two offshore wind farm in the UK. The contract is worth over EUR 150 million and will see Nexans supplying 200 kilometres of the 245 kV high voltage alternating current (HVAC) subsea export […]

  • Ørsted Selects Balmoral to Shield Hornsea 3 Cables

    2 May 2024
    Business & Finance, Cables, Contracts & Tenders, Grid Connection, Supply Chain

    Balmoral Comtec, a Balmoral Group company, has been awarded a multi-billion-pound contract for the supply of cable protection systems for Ørsted’s Hornsea 3 offshore wind farm in the UK. The scope of work includes design engineering which will take place at Balmoral Comtec’s Aberdeen facility, supply of 400 cable protection systems, and handling and installation […]