Search results for: ocean wind 1

1295 results

A list of search results

  • 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 Cancels Two Wind Projects Offshore New Jersey, Clears Revolution Wind for Takeoff

    1 November 2023
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Danish renewable energy developer Ørsted has decided to cease the development of the Ocean Wind 1 and Ocean Wind 2 offshore wind projects in New Jersey. In addition, the company, together with Eversource, has taken a final investment decision (FID) on the 704 MW Revolution Wind, Rhode Island and Connecticut’s first utility-scale offshore wind farm. […]

  • Ørsted’s US, Taiwan Offshore Wind Projects Hit by Vessel Shortages; Sunrise Wind Still Not Out of the Woods

    6 November 2023
    Business & Finance, Contracts & Tenders, Fixed-Bottom, Planning & Permitting, Project Updates, Supply Chain, Vessels, Wind Farm Update, Wind Turbines

    Several days ago, Ørsted called it quits on the Ocean Wind 1 offshore wind farm in the US, with some of the main issues leading to the decision to abandon the project being supply chain bottlenecks, primarily vessel shortages. This has affected not only the now-dropped Ocean Wind 1 but also the company’s Revolution Wind […]

  • 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 Terminates Skipjack Wind Offtake Agreement Amid ‘Challenging Market Conditions’

    26 January 2024
    Authorities, Business & Finance, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    Ørsted has unveiled that it is pulling out of an offtake agreement with the State of Maryland for its 966 MW Skipjack Wind offshore wind project in the US. Following consultation with the State of Maryland, Ørsted has withdrawn from the Maryland Public Service Commission Orders approving the Skipjack 1 and 2 offshore wind projects. […]

  • Ørsted Reshuffling Exec Team Amid ‘Challenging Business Environment’ in the Industry

    14 November 2023
    Business & Finance, Fixed-Bottom, Floating Wind, Industry

    Ørsted’s Chief Financial Officer (CFO) and Chief Operating Officer (COO) are leaving the company, and with immediate effect, as a result of “a challenging and volatile business environment” in the industry, according to the offshore wind major. Ørsted is already head-hunting for the new CFO and COO. Daniel Lerup and Richard Hunter, Ørsted’s now-former CFO […]

  • Ørsted Pulls Out of Norwegian Offshore Wind Partnership

    14 November 2023
    Business & Finance

    Denmark’s Ørsted has decided to pull out of a Norwegian offshore wind partnership with Fred. Olsen Seawind and Hafslund. “Ørsted have informed us that due to a prioritisation of investments in the portfolio they will withdraw from pursuing participation in offshore wind developments in Norway, and therefore their participation in the partnership will discontinue,” said […]

  • Shell Exits US Offshore Wind Project, Sells Stake to Ocean Winds

    21 March 2024
    Business & Finance, Project Updates, Wind Farm Update

    Shell New Energies, a subsidiary of Shell, has sold its 50 per cent equity share in SouthCoast Wind Energy, established in 2018 to develop wind projects off the coast of Massachusetts, to its joint venture partner Ocean Winds North America for an undisclosed sum. According to Shell, the deal with Ocean Winds was structured to […]

  • Siemens Gamesa Halts Plans for USD 200 Million Offshore Wind Turbine Blade Factory in US

    13 November 2023
    Business & Finance

    Siemens Gamesa has discontinued its plans to build and operate an offshore wind turbine blade manufacturing plant in Virginia, US. The company’s USD 200 million (about EUR 187 million) manufacturing plant was planned to be built at the Port of Virginia’s Portsmouth Marine Terminal. It was intended to support major US offshore wind projects, including […]

  • Danish Offshore Wind Giant Exits Markets, Axes Renewable Energy Targets, and Reduces Positions

    7 February 2024
    Business & Finance, Business development, Industry, Jobs & Recruitment, Market Outlooks, Outlook & Strategy

    Denmark-headquartered Ørsted has revealed a substantial revision of its plans, including a reduced 2030 renewable energy target, job cuts, exit from several markets, and “leaner development” within floating offshore wind and Power-to-X. As a result of the business plan approved by Ørsted’s Board of Directors, Ørsted has updated its ambition for installed renewable capacity from […]

  • Ørsted, Eversource Greenlight 924 MW Sunrise Wind After Securing US Approval

    27 March 2024
    Authorities, Business & Finance, Business development, Planning & Permitting, Project Updates, Wind Farm Update

    The 924 MW Sunrise Wind offshore wind farm has received its Record of Decision (ROD) from the US Department of Interior’s Bureau of Ocean Energy Management (BOEM). In addition, the project’s developers, Ørsted and Eversource, have taken a final investment decision (FID) on Sunrise Wind and will now advance with onshore construction activities. Located approximately […]

  • 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 […]

  • TFK, JDR to Supply Baltic Power Onshore and Subsea Cables

    12 October 2023
    Cables, Contracts & Tenders, Equipment, Grid Connection, Supply Chain

    TELE-FONIKA Kable (TFK), alongside JDR Cable Systems (JDR), has been awarded a contract to supply subsea and land cables for the 1.2 GW Baltic Power offshore wind farm in Poland. Together with partners NKT and DEME Offshore, TFK and JDR will design, manufacture, and install 340 kilometres of land and subsea cables, enabling the Baltic […]

  • Atlantic Oceanic Buys MPSV as Part of Its Ongoing Fleet Growth Programme

    1 March 2024
    Business & Finance, Business development, Outlook & Strategy, Vessels

    Offshore ship-owning group Atlantic Oceanic (UK) has acquired an advanced DP2 multi-purpose supply vessel (MPSV) as part of its ongoing fleet growth programme. The vessel, named Atlantic Spirit and previously known as Tek-Ocean Spirit, is an 87-metre-long specialist MPSV equipped with a DP2 dynamic positioning system and a 65-tonne active heave compensation (AHC) high lift […]

  • BOEM Identifies Four New Wind Areas in Gulf of Mexico, Plans Another Lease Sale

    30 October 2023
    Authorities, Business development, Planning & Permitting, Research & Development

    The US Bureau of Ocean Energy Management (BOEM) has finalised four new wind energy areas (WEAS) in the Gulf of Mexico that could support offshore wind projects with the potential to produce enough renewable energy to power more than three million homes. The four WEAs include Option J, 495,567 acres located approximately 47.2 miles off […]

  • Australia Declares Third Offshore Wind Zone, Initial Area Size Reduced

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

    The Australian federal government has declared an area in the Southern Ocean off western Victoria as the country’s third offshore wind development zone, though with a considerable reduction in both size and power generation capacity. The final area is located at least 15-20 kilometres from Victoria’s coast and covers 1,030 square kilometres, one-fifth of the […]

  • Boskalis Installs First Moray West Offshore Substation Platform

    19 December 2023
    Fixed-Bottom, Grid Connection, Offshore Platforms, Project Updates, Wind Farm Update

    Boskalis’ DP installation vessel Bokalift 1 has installed the first offshore substation platform (OSP) at the Moray West offshore wind farm site in Scotland. The heavy lift operations in the Port of Nigg and on-site were completed safely and successfully, according to the developer Ocean Winds. As offshore commissioning starts, the previously laid export cable […]

  • Simply Blue Joins Consortium to Develop First-Ever Commercial-Scale Seaweed Farm Located Between Wind Turbines

    15 March 2024
    Business development, R&D, Research & Development

    Ireland-headquartered Simply Blue Group has joined the North Sea Farm 1 (NSF1) project consortium to develop the world’s first commercial-scale seaweed farm located within an offshore wind farm. Located off the coast of the Netherlands in the North Sea, the 10-hectare farm is planned to become operational in autumn 2024 when it will be deployed […]

  • BOEM Designates Oregon Areas for 2.4 GW of Offshore Wind

    14 February 2024
    Authorities, Business development, Planning & Permitting, Research & Development

    The US Bureau Of Ocean Energy Management (BOEM) has designated two final wind energy areas (WEAs) offshore Oregon which could accommodate 2.4 GW of offshore wind capacity. The two areas total approximately 195,012 acres and they avoid 98 per cent of the areas recommended for exclusion due to their importance as commercial fishing grounds, BOEM […]

  • Siemens Energy, Smulders Deliver Moray West Offshore Substation Topsides

    2 November 2023
    Fixed-Bottom, Grid Connection, Offshore Platforms, Project Updates, Wind Farm Update

    Smulders and Siemens Energy have sent off the first of the two Offshore Transformer Modules (OTMs) for the Moray West offshore wind farm from the Smulders yard on the Tyne at Wallsend. The second OTM has also been loaded onto a barge and is ready to be transported to Scotland. The OTMs have been delivered […]

  • Nexans Wraps Up Moray West Export Cable Pull-In Work Offshore Scotland

    11 March 2024
    Cables, Fixed-Bottom, Grid Connection, Offshore Platforms, Project Updates, Wind Farm Update

    France-headquartered Nexans has completed the offshore export cable pull-ins for both offshore substation platforms at the 882 MW Moray West wind farm, located in the Moray Firth in the northeast of Scotland. The cable-laying vessel Nexans Aurora took advantage of a recent period of favorable weather to carry out the task, according to Ocean Winds’ […]

  • Equinor Names California Floating Offshore Wind Project

    1 December 2023
    Floating Wind, Project Updates, Wind Farm Update

    Atlas Wind is the official name of the floating offshore wind project that Equinor plans to build off the coast of California, the developer announced on 29 November. “Atlas is a symbol of strength and fortitude, and most importantly perseverance, as we bring tested, world-class technology to California’s Central Coast,” said Molly Morris, President of […]

  • Transmission Capital Partners Buys Moray East Link

    23 February 2024
    Business & Finance, Contracts & Tenders, Fixed-Bottom, Supply Chain

    Moray East Offshore Wind Farm, a joint venture between Ocean Winds, Diamond Green Limited, and China Three Gorges, has concluded the transfer of its transmission assets to Transmission Capital Partners (TCP), a consortium comprising Transmission Investment, Amber Infrastructure, and INPP. The transmission assets include a 220 kV 3-cable connection to the Moray East Wind Farm […]

  • US Company Boosts Survey Capabilities on West Coast

    6 February 2024
    Business & Finance, Business development, Research & Development

    The international marine environmental consulting and survey company, CSA Ocean Sciences, has been granted a non-exclusive General Offshore Geophysical Survey permit which allows the firm to conduct low-energy marine surveys within a three-mile zone from the mean high tide line along California’s coast. The permit, granted by the California State Lands Commission (CSLC), allows CSA […]

  • US State Begins Offshore Wind Procurement Process

    26 April 2024
    Authorities, Planning & Permitting

    Janet Mills, the Governor of the US State of Maine, announced on 24 April that the State has begun its process to procure up to 3 GW of offshore wind by 2040, with the Governor’s Energy Office (GEO) releasing a Request for Information (RFI) seeking public input to inform the State’s first commercial offshore wind […]

  • Moray West Wind Turbine Components Arriving at Port of Nigg

    26 March 2024
    Fixed-Bottom, Project Updates, Wind Farm Update

    The first Siemens Gamesa wind turbine blades and tower components for Ocean Winds’ Moray West offshore wind farm have arrived at the Port of Nigg in Scotland. The 882 MW offshore wind farm, developed by Ocean Winds, will comprise 60 wind turbines and will be the first project to feature Siemens Gamesa’s SG 14-222 DD model. The turbines […]