Search results for: hornsea two

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  • 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 […]

  • 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 […]

  • UK Investor Takes Stake in Hornsea Two Transmission Assets

    28 September 2023
    Business & Finance

    London-based international investor and manager, John Laing Group, has acquired a stake in the transmission assets for the 1.3 GW Hornsea Two offshore wind farm in the UK, as part of a portfolio acquisition from HICL Infrastructure. John Laing Group has agreed to acquire HICL Infrastructure’s entire equity interest in four UK public-private partnership projects, […]

  • 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 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 […]

  • IWS Seals WTIV Management Deal with Havfram Wind

    23 November 2023
    Collaboration, Contracts & Tenders, Outlook & Strategy, Supply Chain, Vessels

    Havfram Wind has entered into a strategic cooperation with Integrated Wind Solutions (IWS), through their wholly-owned subsidiaries, IWS Fleet AS and IWS Fleet Management. The collaboration involves IWS providing technical management services to Havfram Wind’s two offshore wind turbine installation vessels (WTIVs) with scheduled delivery in 2025. These WTIVs are designed to install turbines exceeding […]

  • 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, […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • BREAKING: Parkwind Consortium Wins Norway’s First Offshore Wind Tender

    20 March 2024
    Authorities, Business development, Planning & Permitting, Research & Development

    The Norwegian government has unveiled Ventyr Energi, a consortium of Parkwind and Ingka Investments, as the winner of the Sørlige Nordsjø II (Southern North Sea II) offshore wind auction round in Norway. The winning bid in the auction was NOK 1.15 (EUR 0.099) per kilowatt hour. “This is a milestone in the government’s offshore wind […]

  • Parkwind Consortium Submits Application for Norwegian Offshore Wind Project

    15 November 2023
    Authorities, Collaboration, Outlook & Strategy, Planning & Permitting

    The Ventyr Energy consortium has submitted the application to prequalify for the development of an offshore wind project in the Sørlige Nordsjø II (Southern North Sea II) area in the Norwegian North Sea. In addition, Ventyr unveiled that Ingka Investments is to join the consortium. The Ventyr Energy consortium was first established as a partnership […]

  • 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 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 […]

  • 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 […]

  • 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 […]

  • Ofgem Shortlists Four Bidders for GBP 2 Billion Offshore Wind Transmission Assets

    28 July 2023
    Business & Finance, Grid Connection

    Ofgem has shortlisted four potential bidders for its next Offshore Transmission Owner (OFTO) bidding round for three offshore transmission links worth an estimated GBP 2 billion (about EUR 2.3 billion). In the “most valuable” OFTO tender round ever run by Ofgem, a new bidder has joined three others in a competition to own and operate […]

  • 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 […]

  • BREAKING: Ørsted Receives Development Consent for 2.6 GW Hornsea Four Offshore Wind Farm

    13 July 2023
    Authorities, Wind Farm Update

    The UK Secretary of State for Energy Security and Net Zero has granted development consent to Hornsea Project Four, a 2.6 GW offshore wind farm Ørsted plans to build some 69 kilometres off the Yorkshire Coast. The UK government, in a press release issued on 12 July, stated that Hornsea Four was the 126th Nationally […]

  • Take a 360° Tour of World’s Largest Offshore Wind Farm in Operation

    5 July 2023
    Wind Farm Update

    Located some 89 kilometres off the Yorkshire Coast, the UK, the 1.3 GW Hornsea Two comprises 165 Siemens Gamesa 8 MW wind turbines and is currently the world’s largest fully commissioned offshore wind farm. Developed by Ørsted, the wind farm has been in full operation since August 2022. Take the virtual reality tour to experience […]

  • Prysmian to Deliver Inter-Array Cables for Ørsted’s Hornsea 3 Offshore Wind Farm

    3 July 2023
    Contracts & Tenders, Wind Farm Update

    Prysmian Group has been awarded a contract by Ørsted Wind Power A/S to supply inter-array submarine cables for the 2.9 GW Hornsea 3 offshore wind farm in the UK. Under the contract, subject to Ørsted taking a Final Investment Decision on Hornsea 3, Prysmian Group will be responsible for the design, manufacture, supply, termination, and […]

  • 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, […]