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Business & Finance, Wind Farm Update
Ørsted has completed the divestment of 50 per cent of its 1.3 GW Hornsea Two project, the world’s largest offshore wind farm in operation. The developer sold half of the project to a consortium comprising AXA IM Alts, acting on behalf of clients, and Crédit Agricole Assurances. Ørsted announced the Hornsea Two offshore farm-down in […]
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Contracts & Tenders, Vessels
Edda Wind and Ørsted have extended their five-year agreement for the Service Operation Vessel (SOV) Edda Mistral, which is now set to stay on Hornsea One offshore wind farm until the end of August 2024. The SOV has been operating at Hornsea One in the UK since 2018, having started its charter contract with Ørsted […]
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Contracts & Tenders, Vessels, Wind Farm Update
Ørsted has selected Havfram Wind for the installation of wind turbines at its Hornsea Three offshore wind farm in the UK. The Norwegian company will be using one of its newly built jack-ups for the work, which is scheduled to start in autumn 2026. The 2,852 MW Hornsea Three – which, according to Ørsted, is […]
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Iberdrola and AXA IM Alts have signed a memorandum of understanding (MoU) to explore collaboration in the offshore wind sector in France. With the agreement signed between the two companies, both parties will negotiate terms where AXA IM Alts on behalf of clients would join Iberdrola’s project as a minority shareholder if awarded in the […]
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Jobs & Recruitment, Training & Education
World’s leading offshore wind developer Ørsted has opened its largest-ever apprenticeship recruitment campaign for its UK East Coast offshore wind farms. The announcement is for the first phase of 2023 applications for roles located on the East Coast. The second stage will see positions available on the West Coast. By the end of 2023, 18 apprentices […]
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Contracts & Tenders, Wind Farm Update
ScottishPower Renewables, the UK arm of the Spanish energy giant Iberdrola, has placed an order with Siemens Gamesa for 95 of the company’s SG 14-236 DD wind turbines for its 1.4 GW East Anglia Three offshore wind farm. The order marks what will be the first deployment of this turbine model in the UK. The […]
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Contribution, Environment, R&D
The global pipeline of floating offshore wind projects has more than doubled in the past year from 91 GW to 185 GW, according to a report published by RenewableUK. The number of projects has increased globally during that time from 130 to 230, RenewableUK said. The pipeline includes projects at any stage: operational, under construction, […]
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Collaboration, Outlook & Strategy, R&D, Technology
A major collaboration between universities and energy companies has made “vital” improvements to offshore wind turbines, which could help them generate more renewable energy and reduce the UK’s reliance on fossil fuels. The GBP 7.7 million partnership between the Universities of Sheffield, Durham, Hull, and two global energy companies, Siemens Gamesa Renewable Energy and Ørsted, […]
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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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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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Business & Finance, Contracts & Tenders, Grid Connection, Wind Farm Update
Ofgem has selected Diamond Transmission Partners as the preferred bidder for the offshore transmission of the Hornsea Two offshore wind farm in the UK. The company now has to resolve certain matters before being granted the Offshore Transmission Owner (OFTO) license for the 1.3 GW project. Diamond Transmission Partners has to establish the necessary arrangements […]
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Authorities, Wind Farm Update
Grant Shapps, the UK Secretary of State for Business, Energy and Industrial Strategy (BEIS), has less than a month to sign off a decision on Ørsted’s Hornsea Four offshore wind farm, which might not be an easy task as the developer and BP are still at odds over an area where their offshore wind and […]
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Authorities, Wind Farm Update
The UK’s Planning Inspectorate has delayed a final decision on granting approval for Ørsted’s 2.6 GW Hornsea Four offshore wind farm by nearly five months. Ørsted submitted a Development Consent Order (DCO) application for Hornsea Four to the UK Planning Inspectorate in September 2021. The Examining Authority issued a Recommendation Report related to the project […]
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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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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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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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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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Business & Finance, Contracts & Tenders, Vessels
Danish wind farm installation vessel owner and operator Cadeler has announced an agreement with an undisclosed customer that secures the utilization of the company’s F-class vessel for a period of up to four years. The agreement comes with a minimum guaranteed utilization and a high level of flexibility for the client to freely choose to […]
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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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Oil and gas company Neptune Energy and offshore wind developer Ørsted have partnered up to explore powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity. The two parties and Goal7 have signed a Memorandum of Understanding (MoU) to examine the potential to supply renewable electricity from Ørsted’s Hornsea offshore wind projects […]
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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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Business & Finance, Wind Farm Update
Spanish wind turbine tower manufacturer Haizea Wind Group and ScottishPower, Iberdrola’s energy company in the UK, have signed an agreement worth more than EUR 200 million for the supply of 50 monopiles for the 1.4 GW East Anglia Three offshore wind farm. The monopiles will be delivered from Haizea’s site at the Port of Bilbao […]
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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, 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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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 […]
