Search results for: hornsea 1

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  • 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 […]

  • First Subsea Cracks Offshore Wind Market with Hornsea 1 Contract

    20 February 2017
    Business & Finance, Grid Connection, Technology, Wind Farm Update

    Lancaster-based First Subsea, has entered the offshore wind market after signing a multi-million pound contract with DONG Energy to provide cable protection system units for the 1.2GW Hornsea Project One offshore wind farm.

  • Crown Estate: Hornsea 1 Pins UK as Global Offshore Wind Leader

    11 December 2014
    Authorities, Wind Farm Update

    The Crown Estate has welcomed the news that the consortium SMart Wind has been granted development consent for Hornsea Project One by the Secretary of State for Energy and Climate Change. The project is scheduled to commence operation by 2020 when it will become the world’s first gigawatt scale far from shore wind farm. Huub […]

  • RenewableUK: Hornsea 1 Approval Proof that Offshore Wind Sector Is Developing Robustly

    10 December 2014
    Authorities, Wind Farm Update

    RenewableUK says the Government’s announcement on the go-ahead for a major new offshore wind project shows that the sector is developing robustly. Hornsea 1, which will be located 64 miles (103 km) off the East Yorkshire coast, will have an installed capacity of 1.2 gigawatts (GW) – enough to power more than 841,000 British homes. […]

  • Ørsted’s Offshore Revenue, EBITDA Dip in Q3

    28 October 2020
    Business & Finance

    Danish energy company Ørsted has reported DKK 2.629 billion operating profit (EBITDA) in the Offshore segment in the third quarter of 2020, an 18 per cent decrease compared to DKK 3.223 billion EBITDA reported for the third quarter of 2019. The decrease is mainly due to lower earnings from construction agreements and divestment gains which […]

  • Far Offshore Pioneer Turns Ten

    17 September 2019
    Wind Farm Update

    Ørsted’s Horns Rev 2 offshore wind farm has marked a ten year anniversary since its official inauguration by HRH The Crown Prince of Denmark on 17 September 2009. At the time of the inauguration, the 209MW Horns Rev 2 was the world’s largest offshore wind farm. Located in the Danish North Sea at a distance […]

  • Wind Lifts DONG Energy, IPO Within a Year

    27 April 2016
    Business & Finance

    DONG Energy has ended the first quarter of 2016 with DKK 5.2 billion (EUR 699 million) net profit, a 49% increase compared to DKK 3.5bn net profit recorded in the first quarter of 2015, mainly attributed to a strong performance in the Danish energy company’s Wind Power sector. Earnings before interest, taxes, depreciation and amortization […]

  • Aviva Backs Hornsea One with GBP 400 Million

    28 November 2018
    Business & Finance

    The UK-based Aviva Investors has invested GBP 400 million to help fund the construction of Ørsted’s Hornsea Project One offshore wind farm.

  • Ørsted’s Profit Down 52 Per Cent in Q1 2021

    29 April 2021
    Business & Finance

    Ørsted has reported a net profit of DKK 1.6 billion (EUR 215 million) for the first quarter of 2021, a 52 per cent decrease from DKK 3.3 billion from the same period last year. The Danish company saw an operating profit (EBITDA) of DKK 4.9 billion (EUR 659 million) for Q1 2021, a DKK 1.9 […]

  • DONG Energy Books Esvagt Castor for Hornsea One

    30 October 2017
    Vessels

    DONG Energy has chosen Esvagt’s standby safety vessel Esvagt Castor to assist in establishing the 1.2GW Hornsea One offshore wind farm located off Grimsby in the UK part of North Sea.

  • UK Signs FID Contracts for Five Offshore Wind Projects

    9 June 2014
    Authorities, Business & Finance, Wind Farm Update

    The UK Government has signed eight contracts awarded under the Final Investment Decision (FID) Enabling for Renewables process, including five contracts for offshore wind projects. In April, the Government revealed eight awarded projects, which include offshore wind farms, coal to biomass conversion plants and dedicated biomass plants with combined heat and power. Together, they represent […]

  • Offshore Wind Eases DONG’s Financial Pains

    4 February 2016
    Business & Finance

    DONG Energy recorded an operating profit (EBITDA) of DKK 18.5 billion (EUR 2.48 bn) in Fiscal Year 2015, a 13% increase compared to DKK 16.4 bn EBITDA in FY 2014, driven mainly by higher generation from offshore wind and higher levels of offshore wind farm construction activities for co-investors, the company said in its annual report today. […]

  • Nexans Joins Hornsea Two Cable Supply Roster

    19 November 2018
    Contracts & Tenders, Grid Connection, Wind Farm Update

    French cable maker Nexans has won a contract to provide a subsea export cable system for the nearshore section of Ørsted’s 1.4GW Hornsea Project Two offshore wind farm in the UK. The contract is worth over EUR 150 million and will see Nexans supplying 200 kilometres of the 245 kV high voltage alternating current (HVAC) subsea export […]

  • 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 […]

  • 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 […]

  • Ørsted Divesting Half of Hornsea Two for EUR 3.6 Billion

    28 March 2022
    Business & Finance, Wind Farm Update

    Ørsted has signed an agreement to divest 50 per cent of its 1.3 GW Hornsea Two offshore wind farm in the UK to a consortium comprising AXA IM Alts and Crédit Agricole Assurances for GBP 3 billion (approximately EUR 3.6 billion). The transaction is expected to close in the second half of 2022, once the […]

  • First Power Flows from World’s Biggest Offshore Wind Farm

    20 December 2021
    Wind Farm Update

    Hornsea Two, soon to be the world’s largest offshore wind farm in operation, has generated its first power, Ørsted, the owner and developer of the project, said. When fully operational, Hornsea 2’s 165 8 MW Siemens Gamesa wind turbines will be capable of generating 1.32 GW of clean electricity – taking the title of ‘world’s […]

  • Greencoat UK Buys Stake in Hornsea One

    16 May 2022
    Contracts & Tenders, Wind Farm Update

    Greeencoat UK Wind has agreed to acquire a net 12.5 per cent stake in the 1.2 GW Hornsea One offshore wind farm from Global Infrastructure Partners (GIP) for a total cash consideration of approximately GBP 400 million (EUR 470 million). The acquisition is expected to complete in the third quarter of 2022 and will be […]

  • Ørsted Sells Half of Hornsea One

    19 September 2018
    Business & Finance, Wind Farm Update

    Ørsted has signed an agreement to sell 50% of its 1.2GW Hornsea Project One offshore wind farm to Global Infrastructure Partners (GIP).

  • VolkerInfra Gets In On Hornsea 2 Action

    18 October 2018
    Contracts & Tenders, Grid Connection, Wind Farm Update

    Lancashire-based VolkerInfra has signed a multi-million-pound contract with Ørsted to install 360 kilometres of high voltage onshore cables for the 1.4GW Hornsea 2 offshore wind farm.

  • Ørsted Selects NKT Export Cable System for Hornsea 3 Offshore Wind Farm

    31 March 2023
    Contracts & Tenders, Grid Connection, Wind Farm Update

    Ørsted has awarded NKT with a supply contract for the delivery of the high-voltage DC on- and offshore export cable system for the Hornsea 3 wind farm offshore the UK. For NKT, the final order has an estimated contract value of approximately EUR 500 million in market prices. The contract will comprise the design, manufacturing, […]

  • Ørsted Feels Good Winds

    1 November 2018
    Business & Finance

    Ørsted has achieved an operating profit (EBITDA) of DKK 10.8 billion (EUR 1.45 billion) in the first nine months of 2018, up 14% compared to 9M 2017, mainly due to a 32% increase in operating profits from wind farms in operation.

  • Ørsted Goes Beyond EBITDA Expectations in 2019

    30 January 2020
    Business & Finance

    The 2019 result has exceeded the company’s expectations at the beginning of the year as well as its most recent guidance of DKK 16-17 billion.

  • Ørsted Beats 2020 Operating Profit Guidance

    13 January 2021
    Business & Finance

    World’s leading offshore wind developer Ørsted expects an operating profit (EBITDA) of DKK 18 billion (EUR 2.42 billion) for 2020, which is above the latest guidance of DKK 16-17 billion. The increase in earnings is primarily of a temporary nature, Ørsted said. However, the company has also seen strong operational performance throughout the group in […]

  • EEW SPC Secures 176-Monopile Order for Coastal Virginia Offshore Wind

    5 November 2021
    Contracts & Tenders, Wind Farm Update

    Rostock-based EEW Special Pipe Constructions GmbH has won a contract to manufacture 176 monopiles for Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. EEW SPC had already delivered two monopiles for the 12 MW CVOW pilot project in April 2020, which were the first monopiles to be installed in US federal waters. Now […]

  • New Capacity Lifts DONG Energy’s Wind Division

    10 August 2017
    Business & Finance

    DONG Energy has recorded a 32% increase in earnings from operating offshore wind farms in the first half of 2017 as compared to the same period a year earlier.