Search results for: hornsea two

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A list of search results

  • 30 September 2022
    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 […]

  • 5 September 2022
    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 […]

  • 11 August 2022
    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 […]

  • 31 August 2022
    Wind Farm Update

    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 […]

  • 26 August 2022
    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 […]

  • 17 August 2022
    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 […]

  • 7 September 2022
    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 […]

  • 7 November 2022
    Contracts & Tenders

    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 […]

  • 18 August 2022
    Business & Finance, Contracts & Tenders

    Ørsted and trade union Prospect have reached a landmark recognition agreement that will cover all employees involved in the operation and maintenance (O&M) of Ørsted’s twelve operational offshore wind farms in the UK. The agreement will see Prospect recognised as the sole negotiating body for the terms and conditions of around 450 of Ørsted’s O&M […]

  • 1 August 2022
    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 […]

  • 12 October 2022
    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, […]

  • 1 February 2023
    Business & Finance

    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”. […]

  • 2 January 2023
    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.

  • 3 August 2022
    Authorities, Contracts & Tenders, Wind Farm Update

    All 99 contracts offered through the fourth Allocation Round (AR4) of the UK government’s Contracts for Difference (CfD) scheme have now been signed and returned to Low Carbon Contracts Company (LCCC). A total of 93 individual projects across Britain will now proceed to work with LCCC to meet the contractual milestones specified in the CfD, […]

  • 31 January 2023
    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 […]

  • 31 January 2023
    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 […]

  • 28 September 2022
    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 […]

  • 3 November 2022
    Business & Finance

    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 […]

  • 12 October 2022
    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 […]

  • 11 August 2022
    Business & Finance

    The world’s leading offshore wind developer Ørsted has increased its full-year operating profit (EBITDA) guidance and gross investment guidance following the release of the results for the second quarter of the Fiscal Year 2022. The company’s EBITDA for the first half of the year amounted to DKK 13.044 billion (EUR 1.75 billion), in line with […]

  • 29 November 2022
    Contracts & Tenders

    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. […]

  • 29 December 2022
    Business & Finance

    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 […]

  • 16 December 2022
    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 […]

  • 15 July 2022
    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 […]

  • 11 October 2022
    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 […]

  • 14 July 2022
    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. […]