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Business & Finance, Wind Farm Update
Greencoat UK Wind has completed its acquisition of a net 12.5 per cent stake in the Hornsea One offshore wind farm in the UK, currently the world’s largest offshore wind farm in operation. Greencoat announced the signing of an agreement to acquire the stake on 16 May 2022 and said the buy-in will be funded […]
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Business & Finance, Contracts & Tenders, Wind Farm Update
Octopus Energy Generation, through a joint venture with GLIL Infrastructure, has agreed to acquire a 12.5 per cent stake in the 1.2 GW Hornsea One offshore wind farm from Global Infrastructure Partners (GIP) for a total cash consideration of GBP 400 million (approximately EUR 480 million). Octopus Energy Generation’s fund management team made a GBP […]
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Ørsted has fully commissioned its 1.3 GW Hornsea Two project in the UK, which has now become the world’s largest wind farm in operation, taking over that title from its sibling project, the 1.2 GW Hornsea One. The 1.3 GW offshore wind farm, located 89 kilometres off the Yorkshire Coast, alongside Hornsea One, comprises 165 […]
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Business & Finance, Wind Farm Update
All wind turbines have been fully commissioned and are commercially operational at the 1.3 GW Hornsea Two in the UK which will soon become the world’s biggest single operational offshore wind farm. The project’s owner and developer, Ørsted, expects the wind farm to be fully commissioned later this month, after the remaining reliability runs are […]
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Business & Finance, Contracts & Tenders
Ørsted has issued green bonds of nearly EUR 2 billion after securing investor commitment for nominal EUR 900 million and GBP 950 million (about EUR 1.1 billion) to finance its global build-out of renewable energy and its green growth ambition of reaching approximately 50 GW of installed capacity by 2030. Ørsted has issued three tranches […]
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Business & Finance, Wind Farm Update
Octopus Renewables Infrastructure Trust (ORIT) has acquired a further 7.75 per cent ownership interest in the Lincs offshore wind farm in the UK from a fund managed by Macquarie Asset Management. The new buy-in follows ORIT’s investment from May of this year, when the investment company bought an initial 7.75 per cent stake in the wind […]
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Mainstream Renewable Power and Maple Power are jointly exploring the upcoming Celtic Sea Floating Offshore Wind Tender in the UK, which will be launched in 2023. The Crown Estate is advancing the Celtic Sea seabed leasing tender for floating wind, which is anticipated to deliver a total of 4 GW of renewable energy by 2035. […]
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Business & Finance, Contracts & Tenders, Wind Farm Update
The Renewable Infrastructure Group (TRIG) has exchanged contracts to acquire a further 2.4 per cent equity interest in the 1.2 GW Hornsea One offshore wind farm from Global Infrastructure Partners (GIP). Upon completion of this incremental investment, TRIG will hold a 10.2 per cent interest in Hornsea One, with the project representing 9 per cent […]
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Authorities, Business & Finance, R&D, Technology, Vessels, Wind Farm Update
With over 2,000 articles published on offshoreWIND.biz in 2022 and several million pageviews, there are some news that garnered more attention than others. Read the top ten most read news on offshoreWIND.biz in 2022.
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Contracts & Tenders, Grid Connection, Wind Farm Update
Ørsted has signed a contract with UK-based VolkerFitzpatrick to install onshore cables for the Hornsea 3 offshore wind farm in the UK. Under the contract, which is subject to Ørsted reaching Final Investment Decision (FID) on the project, VolkerFitzpatrick will install 240 kilometres of onshore cables connecting the offshore wind farm from the landfall at […]
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Contracts & Tenders, Vessels, Wind Farm Update
Denmark-based Cadeler has signed an agreement with its compatriot Ørsted to carry out the installation of turbine foundations at the Hornsea 3 offshore wind farm in the UK. The project will be Cadeler’s first use of its F-class foundation installation vessel that is being built by COSCO Heavy Industries in China. Offshore installation for the […]
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Environment, Wind Farm Update
Ørsted has commenced work on constructing artificial nesting structures for Black-legged kittiwake offshore Minsmere and Lowestoft in East Suffolk, UK, as part of a compensation scheme associated with its Hornsea Three offshore wind farm. The works were scheduled to start on 30 January for the site off Minsmere, where one artificial nesting structure (ANS) will […]
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Environment, Wind Farm Update
Ørsted and Yorkshire Wildlife Trust have teamed up to develop a seagrass restoration project as part of Ørsted’s 2.6 GW Hornsea Project Four offshore wind farm in the UK. The initial phase of the project has already started as the Trust was commissioned to collect and plant seagrass seed across a 9.8 acres pilot area, […]
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Contracts & Tenders, Wind Farm Update
Ørsted and Haizea Bilbao have signed a contract for the supply of XXL monopiles for the Hornsea Three offshore wind farm in the UK, which represents the largest single contract ever secured by Haizea Wind Group. Under the contract, which is subject to Ørsted taking a final investment decision, Haizea Wind Group will manufacture the […]
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Leading offshore wind developer Ørsted has recorded an operating profit (EBITDA) of DKK 25.4 billion (EUR 3.41 billion) for the first nine months of the year, of which DKK 10.9 billion related to the 50 per cent farm-downs of the Hornsea 2 and the Borkum Riffgrund 3 offshore wind farms. EBITDA excluding new partnerships increased […]
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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 […]
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Contribution, Environment, Industry
The North Sea is one of the most biodiverse, but also one of the most active bodies of water on our planet, which led to the degradation of its marine environment. Now, with a boom in offshore wind, environmental organisations, together with the industry, are exploring ways for offshore wind farms to not only have […]
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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”. […]
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Contracts & Tenders, Grid Connection, Wind Farm Update
Ørsted has awarded the Norwegian offshore service company Aibel, in partnership with Hitachi Energy, with an EPCI contract for two platforms for the Hornsea 3 project in the UK sector of the North Sea. Under the contract, Aibel will be responsible for engineering, procurement, construction, and installation in the delivery of two HVDC converter platforms. […]
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Business & Finance, Industry, Technology
Swiss construction company Implenia and Norway’s WindWorks Jelsa (WWJ) have signed a Memorandum of Understanding (MoU) to jointly offer the production of concrete structures and general services to the floating offshore wind industry in Jelsa, on the Norwegian west coast. Implenia and WindWorks Jelsa said the partners plan to establish an effective large-scale base for […]
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Contracts & Tenders, Wind Farm Update
Aibel has contracted Heerema Marine Contractors to transport and install two HVDC offshore converter platforms for the Hornsea 3 offshore wind farm in the UK. The work will include transporting and installing two jacket foundations, eight skirt piles, and two topsides. The contract was signed after Ørsted was allocated a Contract for Difference (CfD) by […]
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Authorities, Business & Finance, Contracts & Tenders, Wind Farm Update
The UK Government has awarded Contracts for Difference (CfDs) to five offshore wind projects at a strike price of GBP 37.35/MWh each. One of the five offshore projects, which have a total generation capacity of 7 GW, is Ørsted’s Hornsea Three, for which the developer says is the world’s single biggest offshore wind farm. The […]
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Contracts & Tenders, Wind Farm Update
Greeencoat UK Wind has agreed to acquire a net 12.5 per cent stake in the 1.2 GW Hornsea One offshore wind farm from Global Infrastructure Partners (GIP) for a total cash consideration of approximately GBP 400 million (EUR 470 million). The acquisition is expected to complete in the third quarter of 2022 and will be […]
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Contracts & Tenders, Operations & Maintenance, Ports & Logistics
SeAH Wind Ltd, a subsidiary of South Korea’s pipe manufacturer SeAH Steel Holdings, has received planning approval for its proposed GBP 300 million UK XXL monopile factory to be built at Teesworks. Site works are scheduled to commence in July with overall completion anticipated in 2024. The 40-metre high, over 800-metres long building, part of the Teesside’s […]
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The merger between Aker Offshore Wind (AOW) and Aker Horizons is expected to be completed after close of trading on the Oslo Stock Exchange on 17 June, which accordingly will be the last day of trading in the AOW shares on Euronext Growth Oslo, the company said in its latest trading update. As announced on […]
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Norway-based Norwind Offshore has taken delivery of Norwind Breeze, a former Platform Suply Vessel (PSV) that was converted into a Service Operation Vessel (SOV) by Vard. The vessel will soon be deployed on the Hornsea Two offshore wind farm under a contract with Ørsted, according to the vessel’s owner and operator. Hornsea Two, which is […]
