Search results for: sunrise Wind

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  • Ørsted to Take Full Ownership of 924 MW Sunrise Wind Offshore Wind Farm in US

    25 January 2024
    Business & Finance, Business development, Fixed-Bottom, Project Updates, Wind Farm Update

    Ørsted has signed an agreement with Eversouce to acquire the company’s 50 per cent share of the 924 MW Sunrise Wind offshore wind farm, a project that would deliver power to New York. The acquisition is subject to the successful award of Sunrise Wind in the ongoing New York fourth solicitation for offshore wind capacity, the […]

  • New York State Selects Two Shovel-Ready, Re-Bid Projects in 4th Offshore Wind Solicitation

    29 February 2024
    Business & Finance, Contracts & Tenders, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    New York State Energy Research and Development Authority (NYSERDA) has selected Equinor’s Empire Wind 1 and Ørsted and Eversource’s Sunrise Wind projects in the state’s fourth offshore wind solicitation. Both projects secured agreements with the state earlier and re-bid in this procurement round to negotiate new 25-year contracts. NYSERDA and the developers of the selected […]

  • US Energy Company Braces for USD 1.6 Billion Offshore Wind Impairment Charge

    9 January 2024
    Business & Finance, Collaboration, Fixed-Bottom, Industry, Market Outlooks, Outlook & Strategy, Project Updates, Supply Chain

    Eversource Energy expects to record an impairment charge of between USD 1.4 billion and USD 1.6 billion related to three offshore wind projects in the United States the company owns in partnership with Ørsted. The New England utility is currently in the process of divesting its 50 per cent ownership interest in three offshore wind […]

  • 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 […]

  • BOEM Proposes Fewer Turbines for Ørsted’s 924 MW Offshore Wind Project

    12 December 2023
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    The US Bureau of Ocean Energy Management (BOEM) has completed its environmental review of Ørsted’s Sunrise Wind project. In the Final Environmental Impact Statement (EIS), issued on 11 December, BOEM proposes an alternative layout for the offshore wind farm with fewer turbines. With the final EIS now released and set to be published in the […]

  • 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 […]

  • Cadeler Inks Wind Turbine Installation Deal for Wind Scylla

    27 March 2024
    Business & Finance, Contracts & Tenders, Supply Chain, Vessels

    Denmark’s Cadeler has signed an offshore wind turbine installation contract for the vessel, Wind Scylla, with an undisclosed client. The contract has a value between USD 75 million and USD 150 million, including both the firm period and potential options. The installation work is planned to commence in 2025. During the project duration, spanning between […]

  • 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 […]

  • WATCH: Dominion Energy Launches First US Offshore Wind Turbine Installation Vessel

    16 April 2024
    Project Updates, Vessels

    The United States’ first Jones Act-compliant offshore wind turbine installation vessel (WTIV), Charybdis, has been launched to water at Seatrium AmFELS shipyard in Brownsville, Texas. The vessel, which will be operated by Dominion Energy’s subsidiary Blue Ocean Energy Marine, was launched after the welding of the hull and the commissioning of the vessel’s four legs and related […]

  • Greater Changhua 1 & 2a Wind Turbines Connected to Taiwanese Grid

    3 April 2024
    Fixed-Bottom, Project Updates, Wind Farm Update

    All 111 Siemens Gamesa SG 8.0-167 DD wind turbines at the 900 MW Greater Changhua 1 and 2a offshore wind farms have achieved first power and been connected to the Taiwanese national grid. Offshore construction at Ørsted’s Greater Changhua 1 and 2a commenced in the summer of 2021 with the installation of the first wind […]

  • Dominion Confirms First US Wind Turbine Installation Vessel Will Be Completed Later than Planned

    9 November 2023
    Business & Finance, Fixed-Bottom, Manufacturing, Project Updates, Supply Chain, Vessels

    The first US-built and Jones Act-compliant offshore wind turbine installation vessel (WTIV), Charybdis, will be completed in late 2024 or early 2025, Dominion Energy said in its financial report for the third quarter of 2023, confirming the information that surfaced after the company’s second quarter report in August. Construction of the first US WTIV started […]

  • All Turbines Up at Ørsted’s Greater Changhua 1 & 2a Offshore Wind Farms

    29 February 2024
    Fixed-Bottom, Project Updates, Wind Farm Update

    All 111 Siemens Gamesa SG 8.0-167 DD wind turbines have been installed at the Greater Changhua 1 and 2a offshore wind farms in Taiwan, according to an update shared on social media by Per Mejnert Kristensen, President of Ørsted Asia Pacific. Offshore construction on the Greater Changhua 1 and 2a wind farms started in the summer of […]

  • IMCA Publishes Standard Contract for Offshore Wind Projects

    1 December 2023
    Industry, Supply Chain

    The International Marine Contractors Association (IMCA) has published the “industry’s first” standard contract for transport and installation (T&I) works in offshore wind projects. The contract has been written to ensure a fairer allocation of risk, IMCA said. Building on the organisation’s contracting principles release in January, its publication comes on the heels of an IMCA-led […]

  • BP and Equinor Terminate Empire Wind 2 Offtake Agreement, Await ‘New Offtake Opportunities’

    4 January 2024
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    The US joint venture between BP and Equinor has agreed with the New York State Energy Research and Development Authority (NYSERDA) to terminate the Offshore Wind Renewable Energy Certificate (OREC) agreement for the 1,260 MW Empire Wind 2 offshore wind project that recently obtained federal approval. The move comes after the joint venture, and two […]

  • 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 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 […]

  • New York Readies for Potential Offshore Wind Project Cancellations

    13 October 2023
    Authorities, Industry, Planning & Permitting

    New York Governor Kathy Hochul has announced the release of a new 10-Point Action Plan to expand and support the growing large-scale renewable energy industry in the state. One of the plan’s points outlines that the New York State Energy Research and Development Authority (NYSERDA) plans to launch an accelerated renewable energy procurement process for […]

  • New York Rejects Bids to Renegotiate Offshore Wind Contracts

    13 October 2023
    Authorities, Business & Finance, Contracts & Tenders, Fixed-Bottom, Industry, Planning & Permitting

    The New York State Public Service Commission has denied petitions filed by a group of offshore wind developers and a state renewable energy trade association seeking financial relief for four proposed offshore wind projects and 86 land-based renewable projects. The petitions denied were submitted by Empire Offshore Wind LLC and Beacon Wind LLC, Sunrise Wind […]

  • Work Starts on World’s Largest Floating Solar Project, Part of RWE’s OranjeWind

    4 March 2024
    Business & Finance, Business development, Fixed-Bottom, R&D, Research & Development

    The Nautical SUNRISE consortium partners have commenced the project whose goal is to facilitate research and development of offshore floating solar systems and its components. The project aims to integrate a 5 MW offshore floating solar system within RWE’s OranjeWind, a wind farm to be built 53 kilometres off the Dutch coast. Research and development […]

  • US to Soon Decide on Whether to Give Go-Ahead to Empire Wind 1 & 2 Offshore Wind Farms

    11 September 2023
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    The US Bureau of Ocean Energy Management (BOEM) has completed the environmental review of the Empire Wind 1 & 2 offshore wind farms, proposed to be built offshore New York by a joint venture of BP and Equinor, and plans to issue a Record of Decision (ROD) on whether to approve the project this autumn. […]

  • Ørsted Anticipates Impairments of up to EUR 2.15 Billion on US Portfolio

    30 August 2023
    Business & Finance, Business development, Fixed-Bottom, Industry, Infrastructure, Market Outlooks, Outlook & Strategy

    The world’s leading offshore wind developer, Ørsted, could book impairments of DKK 16 billion (EUR 2.15 billion) on its US portfolio due to adverse impacts relating to the supply chain, lack of favorable progress in Investment Tax Credit (ITC) guidance, and increased interest rates. The Ocean Wind 1, Sunrise Wind, and Revolution Wind projects are […]

  • Eversource Sells Seabed Acreage Offshore US to JV Partner Ørsted for USD 625 Million

    8 September 2023
    Business & Finance

    Eversource Energy has completed its sale of an uncommitted lease area off the south coast of Massachusetts to its joint venture (JV) partner Ørsted for USD 625 million. The all-cash transaction, which was announced in May, closed today following approval from the Committee on Foreign Investment in the United States. The deal with Eversource provides […]

  • New York Offshore Wind Developers Ask for Inflation-Related Price Relief, NYSERDA Argues Some Requests ‘Not Tied to Inflationary Pressures’

    1 September 2023
    Authorities, Business & Finance, Wind Farm Update

    This summer, the developers of the Sunrise Wind (Ørsted and Eversource) and Empire Wind 1 & 2 and Beacon Wind projects (Equinor and BP) filed petitions with the New York State Public Service Commission (PSC), seeking price adjustments to their contracts with the New York State Energy Research and Development Authority (NYSERDA). In response to […]

  • WSP Links Up with Aker Solutions for First US HVDC Offshore Wind Farm

    3 August 2023
    Contracts & Tenders, Grid Connection

    WSP USA has been named the professional engineer for the offshore high-voltage direct current (HVDC) converter platform for Sunrise Wind Farm, the first US offshore wind project that will use HVDC technology. Sunrise Wind is owned by a partnership between Ørsted Offshore North America, a Danish multinational power company; and Eversource Energy, a New England-based […]

  • Construction Begins on US Offshore Wind’s First Daughter Craft

    7 August 2023
    Infrastructure, Vessels

    Edison Chouest Offshore (ECO) has launched construction of the US offshore wind industry’s first-ever mini-crew transfer vessel (CTV), designed by Chartwell Marine. Set to begin operating in the summer of 2024 for Ørsted and their US-based joint venture partner, Eversource Energy, the CTV will simultaneously accompany the launch of ECO Edison, the first American-built service […]

  • South Fork Wind Turbine Components Arriving in New London

    16 August 2023
    Wind Farm Update

    Wind turbine components for the South Fork Wind Farm, New York’s first offshore wind farm, have started coming into New London ahead of the installation at the project site that is expected to start later this summer. Ørsted shared photos of the first shipment of wind turbine blades arriving on board United Heavy Lift’s cargo […]