Search results for: Ørsted

1052 results

A list of search results

  • 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 […]

  • 11 January 2021
    Training & Education

    Ten Taiwanese companies that are planning to become offshore wind sub-suppliers have been awarded funds to upgrade their offshore wind technologies by Ørsted and the Metal Industries Research & Development Centre (MIRDC), which is managing Ørsted’s Offshore Wind Industrial Development Fund (IDF) in Taiwan. The companies will now kick off their research and development for the […]

  • 8 January 2021
    R&D, Technology

    Ørsted, Siemens Gamesa, ITM Power, and Element Energy have been awarded EUR 5 million in funding to demonstrate and investigate a combined wind turbine and electrolyser system designed for operation in marine environments. The Fuel Cells and Hydrogen 2 Joint Undertaking (FCH2-JU), a public private partnership of the European Commission, has awarded the consortium behind […]

  • 7 January 2021
    Contracts & Tenders, Operations & Maintenance, Vessels

    Northern Offshore Services (N-O-S) has signed a contract with Ørsted for seven crew transfer vessels (CTVs) which will support offshore wind farm operations from the developer’s UK West Coast Hub. Under the three-year agreement, the CTVs will operate on Walney, Walney Extension, West of Duddon Sands, Barrow, Burbo Bank and Burbo Bank Extension offshore wind […]

  • 29 December 2020
    Business & Finance

    A consortium comprising Caisse de dépôt et placement du Québec (CDPQ) and Taiwanese private equity fund Cathay PE is acquiring a 50 per cent ownership share in Ørsted’s 605 MW Greater Changhua 1 offshore wind farm in Taiwan for approximately TWD 75 billion (around EUR 2.2 billion). Under the agreements Ørsted signed with the consortium […]

  • 11 December 2020
    Contracts & Tenders, Wind Farm Update

    Ørsted has submitted a bid to the New Jersey Board of Public Utilities to develop its Ocean Wind 2 project in response to New Jersey’s second request for proposals. This solicitation will award up to 2,400 MW. The New Jersey Governor Phil Murphy’s plan calls for 7,500 MW of offshore wind by 2035. Ørsted is […]

  • 10 December 2020
    Business & Finance, Contracts & Tenders, Wind Farm Update

    Amazon has signed a ten-year corporate power purchase agreement with Ørsted to offtake the output of 250 MW from Ørsted’s planned 900 MW Borkum Riffgrund 3 offshore wind farm in Germany. This CPPA will contribute to Amazon’s target of being 100 per cent renewable by 2030 as part of the company’s goal to reach net-zero […]

  • 4 December 2020
    Business & Finance, Wind Farm Update

    Ørsted has entered into an agreement to sell a 25 per cent ownership interest in its 1,100 MW Ocean Wind offshore wind project to New Jersey’s Public Service Enterprise Group (PSEG). PSEG’s contribution will include both a conventional and tax equity investment in the project. The partners did not disclose the value of the transaction. […]

  • 3 December 2020
    Business & Finance

    Ørsted and the Maritime Institute of Technology & Graduate Studies (MITAGS) have formed a new three-year offshore wind partnership. With Ørsted’s support, MITAGS has created a virtual offshore wind project navigation simulator, which allows mariners to experience piloting through a commercial-scale wind farm. The facility, located in Linthicum Heights in Maryland, will give mariners an […]

  • 2 December 2020
    Environment, R&D, Technology

    Ørsted has joined the SteelZero initiative to drive the market demand for net-zero emissions steel. SteelZero is a new global initiative from the non-profit Climate Group, run in partnership with ResponsibleSteel. Organisations that join SteelZero commit to a transition to procuring, specifying, or stocking 100 per cent net-zero steel by 2050. The commitment framework also […]

  • 2 December 2020
    Authorities, Business & Finance

    The Danish Tax Agency has decided to tax Ørsted’s Walney Extension and Hornsea One offshore wind farms in the UK and the developer has now announced an appeal to this decision to the Danish Tax Appeals Agency. Namely, Ørsted received an administrative decision on 1 December for the tax years 2015 and 2016, with the […]

  • 26 November 2020
    Technology, Wind Farm Update

    Ericsson and Chunghwa Telecom (CHT) will build a 5G-ready network for Ørsted’s Greater Changhua 1 & 2a offshore wind farms in Taiwan. The private network will enable Ørsted’s engineers to communicate through high-quality connectivity and to have optimised workplace communications for daily operations, according to the two telecommunication companies. “The Greater Changhua 1 & 2a […]

  • 24 November 2020
    Contracts & Tenders

    South Korean cable manufacturer LS Cable & System has entered into a five-year framework agreement with Ørsted for the opportunity to supply high voltage export cables for offshore wind farms. Roe-hyun Myung, President & CEO of LS C&S, said: “The trend of investing in renewable energy will continue, even under the current COVID_19-situation. We are […]

  • 24 November 2020
    Operations & Maintenance

    Sunrise Wind has purchased a facility in Suffolk County, New York, that will serve as the regional Operations and Maintenance (O&M) hub the offshore wind joint venture between Ørsted and Eversource. Located in East Setauket, the Town of Brookhaven, the Research Way O&M facility will also be used to help support the joint venture’s portfolio […]

  • 24 November 2020
    Business & Finance, Contracts & Tenders, Wind Farm Update

    Dogger Bank Wind Farm developers, SSE Renewables and Equinor, have signed four agreements for power offtake for the entire output of the first two phases of the world’s largest offshore wind farm, Dogger Bank A and B. Ørsted and Shell Energy Europe have inked 15-year Power Purchase Agreements (PPAs) for 40 per cent and 20 […]

  • 24 November 2020
    Business & Finance, Wind Farm Update

    Ørsted has disclosed plans to develop South Korean offshore wind projects with a potential capacity of up to 1.6 GW off the coast of Incheon City. The projects will be located more than 70 kilometres from the main parts of Incheon City and have relatively shallow water depths at the target project site to allow […]

  • 18 November 2020
    Business & Finance, Jobs & Recruitment

    Ørsted and North America’s Building Trades Unions (NABTU) have signed a Memorandum of Understanding (MoU) to develop the next generation offshore wind workforce in the U.S. The partnership will create a national agreement designed to transition U.S. union construction workers into the offshore wind industry, in collaboration with the leadership of the 14 U.S. NABTU […]

  • 10 November 2020
    Business & Finance, R&D, Technology

    Ørsted and the multinational oil and gas major bp have agreed to jointly develop a potential large-scale renewable hydrogen project in Germany powered by offshore wind. The project, which is expected to be operational in 2024, will comprise a 50 MW electrolyser system installed at bp’s Lingen Refinery in North West Germany. The electrolyser, powered […]

  • 4 November 2020
    Business & Finance

    Ørsted has issued its second TWD denominated green bond in Taiwan to raise financing for its continuing investments in the Greater Changhua 1 & 2a offshore wind project. The new unsecured green senior bonds comprise a 7-year TWD 4 billion fixed-rate tranche, a 10-year TWD 3 billion fixed-rate tranche, and a 20-year TWD 8 billion […]

  • 3 November 2020
    Contracts & Tenders, Vessels

    Solstad Offshore has been awarded a contract by Ørsted to deploy its offshore support vessel (OSV) Normand Jarstein on the Hornsea Two offshore wind farm in the UK. The contract has been signed for a period of four months, starting in the third quarter of 2021, when the vessel will support operations at the 1.4 […]

  • 28 October 2020
    Authorities, Wind Farm Update

    Leading offshore wind developer Ørsted said that the construction of several U.S. projects is now highly likely to be pushed back due to delays in the permitting procedures. Ørsted’s CEO Henrik Poulsen said that the company is still waiting for the Bureau of Ocean Energy Management (BOEM) to decide on the preferred wind farm layout […]

  • 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 […]

  • 22 October 2020
    Business & Finance

    Ørsted has appointed David Hardy as its new chief executive officer for Ørsted Offshore North America. Hardy will immediately replace Thomas Brostrøm, stepping into this position after serving as the company’s president and COO. As CEO, Hardy will oversee all North American offshore wind activities, including development and operations for Ørsted’s current and future portfolio […]

  • 21 October 2020
    Business & Finance, Contracts & Tenders, Wind Farm Update

    Ørsted and Eversource have placed a joint bid for a new offshore wind project in New York, named Sunrise Wind 2, in the state’s second offshore wind solicitation. The developers filed multiple proposals for the project with the New York State Energy Research and Development Authority (NYSERDA) on 20 October, to provide different configurations for […]

  • 15 October 2020
    Operations & Maintenance, Technology, Wind Farm Update

    The wind turbines at the Hornsea Two offshore wind farm in the UK do not feature the usual setup including boat landing structures and ladders, as its developer Ørsted purchased a novel lifting system. The 1.4 GW project is the first-ever offshore wind farm to deploy the Get Up Safe (GUS) motion-compensated lifting system from […]

  • 7 October 2020
    Business & Finance, Jobs & Recruitment

    Ørsted is hosting three virtual open houses to update interested parties on the progress of its Ocean Wind offshore wind project in New Jersey. Attendees will listen to subject matter experts discuss specific aspects of the company’s plans to build the 1,100 MW offshore wind farm. The open houses will be held on 20 October […]