172 results found for 'hornsea 1 '

172 results found for 'hornsea 1 '
Order results by

A list of search results

  • 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 […]

  • Ørsted to Buy Tesla Battery Energy Storage for Giant UK Offshore Wind Farm

    12 June 2024
    Business & Finance, Contracts & Tenders, Fixed-Bottom, Power-to-X, Project Updates, Storage, Wind Farm Update

    Ørsted has taken a final investment decision (FID) on battery energy storage for its 2.9 GW Hornsea 3 offshore wind farm in the UK, where the developer will use a Tesla system with a capacity of 600 MWh and a power rating of 300 MW. The battery energy storage system (BESS) will be installed in […]

  • Scottish Fire Safety System Provider Bags Contract with Ørsted for Nine Offshore Wind Farms

    13 June 2024
    Contracts & Tenders, Equipment, Supply Chain

    Blaze Manufacturing Solutions, a Scotland-based fire safety system provider to the global energy industry, has signed a contract with Ørsted for nine North Sea offshore wind farms. The contract, signed earlier this year, covers fire protection and detection on Ørsted’s offshore wind farms, including Hornsea 1 and Hornsea 2 in the UK, for the next […]

  • Ørsted Contracts Jan De Nul for Hornsea 3 Export Cable Installation

    25 January 2024
    Cables, Contracts & Tenders, Grid Connection, Supply Chain

    Ørsted and Jan De Nul Group have signed the offshore export cable installation contract for the 2.9 GW Hornsea 3 offshore wind farm in the UK. This is the first offshore HVDC installation contract awarded by Ørsted in the UK, the company said. Belgium-headquartered Jan De Nul Group will be responsible for the seabed preparation, […]

  • BlackRock to Buy Renewables Investor Global Infrastructure Partners for USD 12.5 Billion

    15 January 2024
    Business & Finance, Industry

    US-based investment company, BlackRock, has agreed to buy compatriot independent infrastructure fund manager, Global Infrastructure Partners (GIP), in a USD 12.5 billion cash and shares deal. Under the deal, the world’s largest asset manager will take over GIP for USD 3 billion in cash and approximately 12 million shares of BlackRock common stock. Founded in […]

  • Ørsted Has 6.7 GW of Offshore Wind Under Construction

    1 March 2024
    Business & Finance, Business development, Fixed-Bottom

    Ørsted has 6.7 GW of offshore wind under construction in 2024 across several projects worldwide, more than ever before in the company’s history, according to a recent newsletter from the global offshore wind developer. The capacity the company has under construction this year is significantly contributed by the Hornsea 3 offshore wind farm in the […]

  • ‘World’s First’ Green Fuel SOV Hits the Water

    4 June 2024
    Vessels

    The “world’s first” e-methanol-fueled service operation vessel (SOV) was launched at Cemre Shipyard in Türkiye on Saturday, 1 June. In April 2022, Esvagt and Ørsted decided to invest in what the companies described as the world’s first SOV that can operate on green fuels. A month later, Cemre Shipyard received an order to build the […]

  • Ørsted Completes Exec Team Overhaul

    27 February 2024
    Business & Finance

    Ørsted’s Group Executive Team will see Trond Westlie and Patrick Harnett joining on 1 April following Ørsted’s Board of Directors appointing Westlie as the next Group Chief Financial Officer (CFO) and member of the Executive Board, and Harnett as the Chief Operational Officer (COO) on 27 February. The appointments follow a decision from November last […]

  • Ørsted Doubles Offshore Wind Earnings in 2023

    7 February 2024
    Business & Finance

    World’s leading offshore wind developer Ørsted has reported an operating profit (EBITDA) of DKK 18.7 billion (about EUR 2.5 billion) for 2023 and expects this year’s operating profit to be between DKK 23 billion and DKK 26 billion (approximately EUR 3 billion and EUR 3.4 billion). This is according to Ørsted’s 2023 annual results, which […]

  • 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 […]

  • Offshore Wind Accounts for 45 Pct of NKT’s High-Voltage Order Backlog

    21 February 2024
    Business & Finance, Cables, Grid Connection, Manufacturing, Supply Chain

    Subsea power cable manufacturer NKT has reported a record-high order backlog for high-voltage cables for 2023, with 45 per cent of orders coming from offshore wind. At the end of last year, NKT’s order backlog was at EUR 10.8 billion, more than double the company saw at the end of 2022. In its full-year 2023 […]

  • Ørsted Takes EUR 4 Billion Impairment Hit

    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 […]

  • Polish Company Delivers Ocean Wind 1 Offshore Substations, Set to Start Same Work for 1.1 GW Baltic Power Project

    11 October 2023
    Contracts & Tenders, Fixed-Bottom, Grid Connection, Manufacturing, Offshore Platforms, Project Updates, Supply Chain, Wind Farm Update

    Baltic Operator, the subsidiary of Grupa Przemysłowa Baltic, which also includes Gdansk Shipyard, is set to start working on two offshore substations for the Baltic Power offshore wind farm in Poland, after delivering two offshore substations for the Ocean Wind 1 offshore wind project in the US this month. Under a contract Baltic Operator has […]

  • 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 […]

  • Ørsted Awards Hornsea Three Cable Landing Contract

    24 August 2023
    Contracts & Tenders, Grid Connection

    UK-based AMS Trenchless has been awarded the cable landing works contract on Ørsted’s Hornsea Three offshore wind farm. AMS Trenchless will undertake specialist works at the landfall site at Weybourne, North Norfolk, where the offshore cables meet the onshore cables. Using Horizontal Directional Drilling (HDD), the North Lincolnshire company will install underground cable ducts that […]

  • 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.

  • 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 […]

  • 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. […]

  • 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’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 […]