Search results for: hornsea one

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  • Ørsted ‘First’ to Use Giant Autonomous Drones to Transport Cargo to Wind Turbines

    30 October 2023
    Business development, R&D, Research & Development, Technology

    Ørsted has become “the first offshore wind company in the world” to use giant autonomous drones to transport cargo to wind turbines. The Danish offshore wind giant is testing the drones to transport cargo from vessels to its 1.2 GW Hornsea One project in the UK. Building on its previous experience using smaller drones in […]

  • Octopus Energy Buys Stake in 660 MW Wind Farm Offshore UK

    27 November 2023
    Business & Finance, Project Updates, Wind Farm Update

    Octopus Energy’s generation arm has taken a 12.5 per cent stake in the 660 MW Walney Extension offshore wind farm located in England. Octopus Energy bought the stake in Walney Extension from AIP Management, the investment manager for Danish pension fund PKA and PFA. The wind farm features 87 wind turbines, each taller than the […]

  • Octopus Energy Creates GBP 3 Billion Offshore Wind Fund

    17 November 2023
    Business & Finance, Collaboration, Outlook & Strategy

    Octopus Energy’s generation arm has launched a dedicated fund with Japan’s Tokyo Gas to invest GBP 3 billion (approximately EUR 3.5 billion) in offshore wind globally by 2030. The fund, set up with a GBP 190 million (about EUR 217 million) cornerstone investment from Tokyo Gas, will invest in the development, construction, and operational stage […]

  • 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 […]

  • 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, […]

  • 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 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 […]

  • Cadeler Orders Huisman Monopile Gripper

    1 February 2024
    Business & Finance, Contracts & Tenders, Equipment, Supply Chain, Vessels

    Huisman has signed a contract with Cadeler for the design and production of a monopile gripper. Production of the monopile gripper will take place at Huisman’s production facility in China. The monopile gripper, having a 13-metre diameter, is engineered for the efficient and controlled installation of monopiles ranging from 80 to 120 metres in length, […]

  • 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 and Cadeler Ink Long-Term Lease for A-Class Newbuild

    8 April 2024
    Business & Finance, Contracts & Tenders, Supply Chain, Vessels

    Ørsted and Cadeler have signed a firm long-term lease agreement for an A-class newbuild Wind Farm Installation Vessel. With the agreement, Ørsted secures installation vessel capacity from the first quarter of 2027 to the end of 2030 for upcoming construction projects. The signing of the long-term agreement discloses Ørsted as the client in Cadeler’s announcement made […]

  • 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 […]

  • Prysmian to Add Two More Vessels to Its CLV Fleet

    21 December 2023
    Contracts & Tenders, Supply Chain, Vessels

    Italy-based Prysmian Group announced today, on 21 December, an investment of approximately EUR 350 million for two new cable-laying vessels (CLV) that the company says will reinforce Prysmian’s submarine project execution capabilities. “The market is tremendously growing, and we are facing an increasing demand for submarine cable systems for interconnections and offshore wind farm projects […]

  • 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 […]

  • Contract Signed for Norway’s First Commercial Offshore Wind Farm

    19 April 2024
    Authorities, Business & Finance, Planning & Permitting, Project Updates, Wind Farm Update

    The government of Norway has signed a two-way Contract for Difference (CfD) related to the offshore wind farm project in the Sørlige Nordsjø II zone with Ventyr Energi, the winner of the recently held auction. Ventyr Energi, a consortium of Parkwind and Ingka Investments, won the rights to develop the wind farm project at the […]

  • 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 […]

  • Deep Wind Welcomes New Offshore Wind Investor

    7 September 2023
    Business & Finance, Collaboration, Outlook & Strategy

    Offshore wind developer, Deep Wind Offshore, has secured Octopus Energy as a new investor to accelerate international expansion and strengthen Norwegian projects, according to the company. Octopus Energy will join the ownership side of the company, Deep Wind Offshore said, together with the existing industrial owners Knutsen OAS, Haugaland Kraft, and SKL. Deep Wind Offshore […]

  • 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 […]

  • ZF Wind Power Sends Off First Vestas V236-15 MW Offshore Wind Turbine Powertrain

    29 September 2023
    R&D, Technology

    ZF Wind Power has sent off the first powertrain for Vestas’s V236-15 MW offshore wind turbine, ahead of serial production starting next year. The Vesta’s powertrain is transported from Belgium to Denmark via inland waterways and seas. The Vestas V236-15 MW wind turbine features 115.5-long blades and, with a swept area of 43,742 m2, it […]

  • Ørsted Extends Its Offshore Wind Collaboration with Hitachi Energy

    7 September 2023
    Collaboration, Outlook & Strategy

    Hitachi Energy and the Danish renewable energy developer, Ørsted, have extended their long-standing collaboration for offshore wind farms for three more years. Under the extended framework agreement, Hitachi Energy will continue to support Ørsted’s global offshore wind farms. At a visit to Hitachi Energy’s factory in Ludvika in Sweden, Ørsted’s country head of Sweden, Sebastian […]

  • Hornsea Two Transmission Assets Change Hands

    21 July 2023
    Contracts & Tenders, Wind Farm Update

    Breesea, Soundmark Wind, and Sonningmay Wind, a joint venture owned by Ørsted (50 per cent) and AXA IM Alts and Crédit Agricole Assurances (CAA) (jointly 50 per cent), have signed an agreement to sell their offshore transmission assets (OFTO) of Hornsea Two offshore wind farm to Diamond Transmission Partners Hornsea Two Limited (DTP). The transmission […]

  • Octopus Energy to Pour Billions in Offshore Wind Globally by 2030

    24 July 2023
    Business & Finance

    UK green energy supplier Octopus Energy Group has announced that it will invest, through its generation arm, USD 20 billion (about GBP 15 billion) into offshore wind by 2030. The company said that this will go towards the generation of 12 GW of renewable electricity a year, enough to power 10 million homes. Octopus is targeting projects […]

  • Mainstream, Ocean Winds Team Up on Another ScotWind Floating Offshore Wind Project

    17 August 2023
    Collaboration, Outlook & Strategy, Wind Farm Update

    Mainstream Renewable Power and Ocean Winds, a joint venture between Engie and EDP Renewables, have partnered to develop a second ScotWind site of 500 MW east of Shetland, expanding the overall footprint of the Arven offshore wind farm to 2.3 GW. Arven comprises two sites, namely a 1.8 GW project east of the Shetland Islands, […]

  • Norway to Get Floating Wind Foundation Production and Assembly Facility

    17 August 2023
    Business & Finance, Floating Wind

    Norwegian company WindWorks Jelsa, established in 2020, and Swiss construction company Implenia have signed an investment and a shareholders’ agreement to develop a production and assembly facility for large concrete or steel structures for the floating wind industry on Norway’s west coast.  The aim for WindWorks Jelsa’s facility, planned to be built at Jelsa in […]

  • Two Offshore Wind-to-Hydrogen Projects Withdraw from UK’s First Electrolytic Allocation Round

    18 August 2023
    Authorities, Business & Finance, Contracts & Tenders, Floating Wind, Power-to-X

    An Ørsted-Phillips 66 partnership and ERM have withdrawn their Gigastack and Dolphyn projects, respectively, from the UK’s first electrolytic allocation round (HAR1). While ERM has made the move as it aims at securing alternative funding for a phased multi-unit larger development, Ørsted and Phillips 66 have now halted their Gigastack project. Both projects involve producing […]

  • Ørsted’s Hornsea 3 Artificial Nesting Structures Ready to House Kittiwakes

    19 July 2023
    Environment

    Ørsted has commissioned three nearshore artificial nesting structures (ANS) designed to house Black-legged kittiwake off the East Suffolk coastline as part of plans to compensate for the potential impacts of the Hornsea 3 offshore wind farm on the species. The structures, fabricated by Suffolk-based Red7Marine and Four Tees Engineering, are located approximately one kilometre offshore, […]

  • Hellenic Cables to Supply Hornsea Three Inter-Array Links

    23 June 2023
    Contracts & Tenders, Wind Farm Update

    Hellenic Cables has signed a contract with Ørsted for the supply of inter-array cables for the 2.85 GW Hornsea Three offshore wind farm in the UK. The company will deliver some 262 kilometres of cables, which covers approximately 50 per cent of the overall wind farm requirements. Under the contract, the Greek cable manufacturer will […]