2199 results found for 'Ørsted'

2199 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 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 […]

  • 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 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 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 […]

  • 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 […]

  • ‘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 […]

  • Geotechnical Survey Underway at Ørsted’s Isle of Man Offshore Wind Farm

    24 June 2025
    Authorities, Business development, Planning & Permitting, Research & Development

    A geotechnical seabed survey has started at the project site of Ørsted’s Mooir Vannin Offshore Wind Farm in the Isle of Man’s territorial waters. Ørsted has commissioned GEO to carry out the work six to twelve nautical miles off the coast of Maughold, the area for lease granted to the Danish offshore wind developer by […]

  • 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,” […]

  • 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 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 […]

  • 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 […]

  • Offshore Work Starts at PGE and Ørsted’s 1.5 GW Project Site in Poland

    9 July 2025
    Fixed-Bottom, Project Updates, Wind Farm Update

    The vessel Olympic Electra has begun relocating boulders at the Baltica 2 project site, marking the start of the preparatory work ahead of offshore construction of what will be the biggest offshore wind farm in Poland. Boulder relocation is a key stage in preparing for the installation of foundations and underwater infrastructure, Ørsted, which owns […]

  • Ørsted’s Contract with Cadeler for Wind Farm Installation Vessel Terminated

    2 July 2025
    Business & Finance, Contracts & Tenders, Supply Chain

    Denmark’s Cadeler has received a notice of termination from Ørsted in relation to the long-term agreement for one of its wind farm installation vessels. A long-term charter agreement for an A-Class wind farm installation vessel was disclosed by Ørsted on April 8, 2024, securing operational capacity from the first quarter of 2027 through to the […]

  • Greater Changhua 2b & 4 Feeds First Power Into Taiwanese Grid

    23 July 2025
    Fixed-Bottom, Project Updates, Wind Farm Update

    The first turbine from the 920 MW Greater Changhua 2b and 4 offshore wind farms, owned by Ørsted, has delivered first power to the national grid of Taiwan. Being built 35-60 kilometres off the coast of Changhua County, the two offshore wind sites will together comprise 66 Siemens Gamesa 14-236 14 MW wind turbines, 32 […]

  • 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 […]

  • Hornsea 3 Offshore Converter Station Topside Arrives in Norway for Final Outfitting

    18 June 2025
    Fixed-Bottom, Grid Connection, Offshore Platforms, Project Updates, Wind Farm Update

    The first of two offshore converter station topsides for Ørsted’s Hornsea 3 offshore wind farm has arrived in Haugesund, Norway. The converter station topside began its journey from Thailand to Norway in April 2025, where it will undergo final outfitting and commissioning. The platform is scheduled for offshore installation next year. Aibel and Hitachi Energy […]

  • Ørsted Selects Construction Base for Hornsea 3 Offshore Wind Farm

    16 July 2025
    Contracts & Tenders, Fixed-Bottom, Ports & Logistics, Project Updates, Supply Chain, Wind Farm Update

    Ørsted has selected Steel River Quay on the Teesworks site on the south bank of the River Tees in the northeast of England as the construction base for the Hornsea 3 offshore wind farm. Ørsted signed a lease agreement for up to 300,000 square metres at Steel River Quay, which will be used to collect […]

  • 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 […]

  • Haizea Rolls Out First Monopile for Ørsted’s Hornsea 3 Offshore Wind Farm

    4 August 2025
    Equipment, Fixed-Bottom, Foundations, Project Updates, Supply Chain, Wind Farm Update

    Spain’s Haizea Wind Group has rolled out the first monopile for Ørsted’s 2.9 GW Hornsea 3 offshore wind farm in the UK. The monopile will now undergo its surface treatment before being shipped to the offshore wind farm project, located approximately 120 kilometres off the Norfolk Coast in the North Sea. In September 2022, Haizea […]

  • 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 […]

  • Heerema’s Aegir Installs All Foundations at Ørsted’s Greater Changhua 2b & 4 Wind Farms

    11 July 2025

    Heerema Marine Contractors’ heavy-lift vessel Aegir has installed the final suction bucket jacket foundation at Ørsted’s 920 MW Greater Changhua 2b and 4 offshore wind farms in Taiwan. According to the company’s latest social media post, the crew onboard Aegir installed a total of 66 foundations at the site located 35-60 kilometres off the coast […]