2228 results found for 'Ørsted'

2228 results found for 'Ørsted'
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  • Equinor to Participate in Ørsted’s Rights Issue as 10 Pct Shareholder

    1 September 2025
    Business & Finance, Fixed-Bottom

    Equinor plans to participate in Ørsted’s upcoming rights issue, worth around EUR 8 billion, and maintain its 10 per cent ownership stake in the Danish offshore wind developer. On 1 September, Equinor said that, subject to the final terms of the rights issue, it intends to subscribe for new shares at a consideration of up […]

  • Ørsted Sells Majority Stake in Taiwanese Offshore Wind Farm to Cathay

    24 December 2025
    Business & Finance, Collaboration, Fixed-Bottom, Industry, Outlook & Strategy, Project Updates, Transition, Wind Farm Update

    Ørsted has signed an agreement with Cathay Life Insurance, and its affiliate Cathay Power, under which Cathay will acquire a 55 per cent ownership stake of Ørsted’s 632 MW Greater Changhua 2 offshore wind farm. Located approximately 50–60 kilometres off the coast of Changhua County, the Greater Changhua 2 site comprises the 295 MW Greater Changhua 2a, which is operational, […]

  • Ørsted Partners with South Korean Steelmaking Giant on 1.4 GW Incheon Wind Project

    26 September 2025
    Business & Finance, Collaboration, Fixed-Bottom, Outlook & Strategy, Project Updates, Wind Farm Update

    Ørsted has signed a Memorandum of Understanding (MoU) with South Korea’s steelmaking giant POSCO Group to explore a partnership on the 1.4 GW Incheon offshore wind project. Under the agreement, POSCO Group will explore supplying high-strength steel for offshore wind foundations and towers while collaborating on engineering, procurement, construction, and installation (EPCI), including both onshore […]

  • Ørsted Initiates EUR 8 Billion Rights Issue to Build Sunrise Wind, Cover Revolution Wind Halt Impact

    15 September 2025
    Business & Finance, Fixed-Bottom

    Ørsted is launching the rights issue announced last month, offering new shares with pre-emptive rights to existing shareholders during the period from 19 September to 2 October 2025. The company is looking to raise DKK 60 billion (around EUR 8 billion) to fund the construction of the Sunrise Wind project in New York and enhance […]

  • Ørsted to License Low-Noise Monopile Installation Tech, Signs First Agreement with Luxcara

    14 November 2025
    Business & Finance, Contracts & Tenders, Supply Chain, Technology

    Luxcara has signed a preferred supplier agreement with Ørsted for their low-noise jetting-based monopile installation technology platform called Osonic, which will be used for offshore wind turbine foundations across Luxcara’s offshore wind portfolio in Germany. This is the first preferred supplier agreement for Osonic as well as the first step towards commercial deployment of the […]

  • Ørsted to Lay Off 2,000 People as Developer Focuses on Offshore Wind and European Market

    9 October 2025
    Business & Finance, Jobs & Recruitment

    Ørsted will lay off around 500 people by the end of this year and a total of approximately 2,000 towards the end of 2027. Of the 500 employees who will be made redundant in Q4 2025, some 235 are in Denmark. The company said on 9 October that the move to reduce the number of […]

  • ‘Largest Drone Cargo Delivery Programme Ever Done Outside Military’ Underway at UK Offshore Wind Farms

    29 August 2025
    Business development, Operations & Maintenance, Technology

    Ørsted and the UK-based drone operator Skylift have launched what Ørsted says is the largest drone delivery programme ever attempted to offshore wind sites, with over 550 flights to more than 400 turbines at four UK offshore wind farms: Hornsea One and Hornsea Two on the east coast, and Walney 1 & 2 on the west coast. According to the offshore wind developer, this is […]

  • Ørsted, KOEN to Explore Co-Development of 1.4 GW South Korean Offshore Wind Project

    29 September 2025
    Business & Finance, Fixed-Bottom, Project Updates

    Ørsted has signed a Memorandum of Understanding (MoU) with Korea South-East Power (KOEN) to explore KOEN’s potential participation in the development of Ørsted’s 1.4 GW Incheon offshore wind project in South Korea. Located approximately 70 kilometres off the coast of Incheon, the 1.4 GW project is the first offshore wind farm developed by Ørsted in […]

  • Borkum Riffgrund 3 Feeds First Power Into German Grid

    4 December 2025
    Fixed-Bottom, Grid Connection, Project Updates, Wind Farm Update

    The Borkum Riffgrund 3 offshore wind farm fed its first power into the German grid on 3 December, according to Ørsted, which owns the project together with Nuveen Infrastructure. Once fully commissioned, which is expected in the first quarter of 2026, the 913 MW offshore wind farm will become the largest in Ørsted’s German portfolio. […]

  • Ørsted Moving Ahead with EUR 8 Billion Rights Issue to Build Sunrise Wind, Shore Up Finances Amid US Market Uncertainty

    25 August 2025
    Business & Finance, Fixed-Bottom

    Ørsted has appointed a syndicate of BNP PARIBAS, Danske Bank A/S and J.P. Morgan SE as Joint Global Coordinators, next to Morgan Stanley & Co International, for the planned DKK 60 billion (around EUR 8 billion; USD 9.4 billion) rights issue, proceeds of which will be used to fund the construction of the Sunrise Wind […]

  • Ørsted Raises EUR 7.98 Billion in Oversubscribed Rights Issue

    7 October 2025
    Business & Finance

    Ørsted has completed its rights issue, raising DKK 59.56 billion (approximately EUR 7.98 billion) with a subscription rate of approximately 99.3 per cent, the company said on 6 October. Existing shareholders were offered new shares at DKK 66.60 (EUR 8.92) each. The demand for shares not taken up via the rights issue was “extraordinarily high,” […]

  • First Hornsea 3 Monopiles Arrive in UK from Spain

    11 February 2026
    Fixed-Bottom, Foundations, Project Updates, Supply Chain, Wind Farm Update

    The first monopile foundations for Hornsea 3 offshore wind farm have arrived at Port of Teesworks in the UK from Bilbao, Spain, where Haizea Wind Group is producing the monopiles for Ørsted’s 2.9 GW project. Six XXL monopiles, of the total 197 that Hornsea 3 will comprise, arrived in two batches, with the load-out and […]

  • Ørsted Offloads Half of Hornsea 3 in EUR 5.2 Billion Transaction with Apollo

    4 November 2025
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Ørsted has entered into an agreement with Apollo-managed funds (Apollo) for a 50 per cent equity ownership share in the company’s 2.9 GW Hornsea 3 offshore wind farm in the UK. The total value of the transaction is approximately DKK 39 billion (about EUR 5.2 billion), and the total project investment remains in the range of […]

  • Ørsted Launch Customer of UK’s First Commercial Biomethanol Bunkering Service

    11 February 2026
    Business & Finance, Collaboration, Infrastructure, Innovation, Operations & Maintenance, Outlook & Strategy, Ports & Logistics, Transition, Vessels

    The UK’s first commercially ready biomethanol storage and supply service for shipping has been launched at the Port of Immingham, the largest port by cargo volume in the UK, as part of efforts to advance decarbonisation in maritime transport. The first company to use the new service will be the offshore wind farm owner/operator Ørsted. A three-partite partnership of Exolum, Methanex Corporation and Ørsted is behind […]

  • Ørsted Achieves 2025 Decarbonisation Target, Slashes Emissions by 98 Per Cent

    12 November 2025
    Business & Finance, Business development, Research & Development

    Ørsted has reduced its carbon emissions by 98%, becoming the first energy company in the world to achieve its science-based 2025 decarbonisation target, the Danish firm announced on 12 November. Renewable energy accounts for 99 per cent of the company’s energy production, while its scope 1 and scope 2 emission intensity has been reduced by […]

  • Ørsted Plans Rights Issue to Fund Building US Offshore Wind Farm Alone, Danish State Commits as Majority Subscriber

    11 August 2025
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Ørsted plans to launch a rights issue with pre-emptive rights for existing shareholders to raise DKK 60 billion (around EUR 8 billion) in gross proceeds, most of which will go to funding the construction of the Sunrise Wind offshore wind project in the US, which the company cannot partially divest at this time as per […]

  • Substation Installed at Ørsted’s New US Offshore Wind Farm

    30 September 2025
    Fixed-Bottom, Grid Connection, Offshore Platforms, Project Updates, Vessels, Wind Farm Update

    The offshore substation (OSS) for the Sunrise Wind project, a new offshore wind farm Ørsted is building in the US, has been installed and is now undergoing commissioning work. The OSS was installed by Saipem’s heavy lift installation vessel Saipem 7000 in the first half of September, according to information in the Notices to Mariners for […]

  • All Turbines Up at Ørsted’s 920 MW Offshore Wind Farm in Taiwan

    20 January 2026
    Fixed-Bottom, Project Updates, Wind Farm Update

    The 66th and final wind turbine has been installed at Ørsted’s Greater Changhua 2b and 4 offshore wind farms in Taiwan. Full commercial operation of the 920 MW project, located 35–60 kilometres off the coast of Changhua County, is expected in the third quarter of 2026, following the commissioning of all wind turbines, electrical system testing, […]

  • Revolution Wind at 80 Pct of Completion

    20 August 2025
    Fixed-Bottom, Grid Connection, Offshore Platforms, Project Updates, Supply Chain, Wind Farm Update, Wind Turbines

    All foundations and almost 70 per cent of wind turbines have been installed on the Revolution Wind offshore wind farm in the US. The project’s offshore substation is also scheduled to be installed over the coming days. In an update provided as part of its H1 2025 results, Ørsted, which owns the project together with […]

  • Ørsted Picks Marshalling Port for Hornsea 3 Offshore Wind Farm

    26 September 2025
    Business & Finance, Contracts & Tenders, Equipment, Fixed-Bottom, Ports & Logistics, Supply Chain

    Ørsted has chosen the Port of Tyne’s Tyne Clean Energy Park in South Shields as the marshalling base for its 2.9 GW Hornsea 3 offshore wind farm in the UK. The Denmark-headquartered Cadeler will use the 100,000-square-metre site to marshal secondary steel components for the offshore wind farm before each unit is loaded onto the […]

  • Second Hornsea 3 Substation Topside En Route to Europe

    22 October 2025
    Fixed-Bottom, Grid Connection, Offshore Platforms, Project Updates, Wind Farm Update

    Aibel has completed the second offshore converter station topside for the Hornsea 3 offshore wind project at its yard in Thailand. The substation, Hornsea 3 Link 2, has started its journey to Europe, according to a social media post Aibel shared on 22 October. Aibel and Hitachi Energy signed a contract with Ørsted in 2022 to deliver […]

  • Ørsted to File for Another Preliminary Injunction Against Stop-Work Order in US

    7 January 2026
    Authorities, Business & Finance, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    Ørsted will submit a motion for a preliminary injunction against the recently imposed construction halt for its Sunrise Wind project in the US, the company said on 7 January, several days after announcing the same legal action in relation to Revolution Wind, which the developer is building through a joint venture with Skyborn Renewables. For Sunrise Wind, Ørsted […]

  • Damaged Cable Delays Greater Changhua 2b Commissioning Until Third Quarter of 2026

    8 September 2025
    Business & Finance, Cables, Fixed-Bottom, Grid Connection, Project Updates, Wind Farm Update

    Ørsted’s Greater Changhua 2b offshore wind project in Taiwan will be commissioned in the third quarter of 2026 instead of later this year due to a damaged export cable. The 300 MW offshore wind farm is part of the 920 MW Greater Changhua 2b and 4 project, currently under construction 35-60 kilometres off the coast of Changhua […]

  • Ørsted, JERA Nex BP Submit Environmental Applications for Offshore Wind Projects in Australia

    9 February 2026
    Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    Ørsted and JERA Nex BP have applied for federal environmental approval under Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act for their Gippsland 1 and Blue Mackerel offshore wind projects, respectively. According to information on the Department of Climate Change, Energy, the Environment and Water’s (DCCEEW) website, the developers’ applications, comprising Environmental Impact Statements (EIS), […]

  • Scour Protection Installation Coming Up at Hornsea Three Site

    1 December 2025
    Fixed-Bottom, Project Updates, Wind Farm Update

    Installation of scour protection on wind turbine foundation locations at the Hornsea Three offshore site in the UK is set to commence in mid-December. The work will be undertaken by DEME using its rock installation vessel Flintstone, equipped with a fallpipe and flexible bucket system. The vessel is expected to mobilise from Jelsa Quarry, Norway, […]

  • EEW Loads Out First Monopiles for 1.5 GW Polish Offshore Wind Farm

    22 January 2026
    Fixed-Bottom, Foundations, Manufacturing, Project Updates, Supply Chain, Wind Farm Update

    EEW SPC has loaded out the first batch of monopiles for the Baltica 2 offshore wind project, being built in Poland by Ørsted and PGE Polska Grupa Energetyczna. “Our operations at Rostock harbor provide a key logistical benefit to the project’s supply chain. As a non-tidal port, it allows us to execute safe, high-precision load-outs […]