Search results for: ocean wind 1

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  • 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 […]

  • 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. […]

  • 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 […]

  • 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 […]

  • 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 Following consultation with the State of Maryland, Ørsted has withdrawn from the Maryland Public Service Commission Orders approving the Skipjack 1 and 2 offshore wind projects. […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 21 September 2023
    Contracts & Tenders, Equipment, Foundations, Jobs & Recruitment, Manufacturing, Supply Chain, Wind Turbines

    Riggs Distler, a subsidiary of infrastructure company Centuri Group, has been selected as a tier 1 secondary steel contractor for 1.1 GW Ocean Wind 1, New Jersey’s first offshore wind project. Riggs Distler will provide onshore heavy civil, mechanical, and electrical services focused on the construction, assembly, inspection, and onshore installation of advanced foundation components. […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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’ […]

  • 20 October 2023
    Authorities, Business development, Planning & Permitting, Research & Development

    The US Bureau of Ocean Energy Management (BOEM) has identified a draft Wind Energy Area (WEA) offshore the Gulf of Maine holding an estimated 40 GW of capacity which will be put up for a lease sale in 2024. The Draft WEA covers approximately 3,519,067 acres offshore Maine, Massachusetts, and New Hampshire, ranging from approximately […]

  • 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 […]

  • 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 […]