2263 results found for 'Ørsted'

2263 results found for 'Ørsted'
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  • 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 […]

  • Ørsted Enters Final Onshore Substation Contract Talks in Taiwan

    2 April 2018
    Grid Connection, Wind Farm Update

    Ørsted’s Greater Changhua offshore wind projects in Taiwan are in the contracting process of TWD 3 billion (approximately EUR 83.6 million) onshore substation EPC (engineering, procurement, and construction) contract, the Danish company said.

  • Ørsted Sells Half of Changhua 4 Offshore Wind Farm to Taiwan’s Insurance Company

    11 December 2024
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Ørsted has sold a 50 per cent ownership share in the Greater Changhua 4 offshore wind farm to Taiwanese insurance company Cathay Life Insurance, and its affiliate Cathay Wind Power Holdings, for approximately DKK 11.6 billion (around EUR 1.55 billion). The 583 MW Greater Changhua 4 is part of the 920 MW offshore wind project […]

  • Ørsted Picks Greater Changhua Financing Team

    13 December 2018
    Business & Finance

    Ørsted has appointed the Bank of Taiwan, Cathay United Bank and BNP Paribas as lead arrangers for financing the Greater Changhua offshore wind projects in Taiwan.

  • Maryland’s First Offshore Wind Staging Center Starts Taking Shape

    18 March 2021
    Jobs & Recruitment, Operations & Maintenance, Ports & Logistics

    Leading offshore wind developer Ørsted and Tradepoint Atlantic have completed the initial phase of Maryland’s first offshore wind staging center at the 3,300-acre global logistics center in Baltimore County. Ørsted has now completed USD 13.2 million in port infrastructure upgrades, establishing both a lift-on/lift-off and roll-on/roll-off berth within Tradepoint Atlantic’s port facility for handling offshore […]

  • Ørsted Recruiting 23 Offshore Wind Turbine Technicians

    13 August 2020
    Jobs & Recruitment

    Ørsted has launched a recruitment campaign that will see the offshore wind developer employing 23 wind turbine technicians. The new employees will work out of the East Coast Hub in Grimsby on Ørsted’s offshore wind farms, including Hornsea Project Two. “Over half of Ørsted’s Grimsby based employees work as wind turbine technicians and are located […]

  • Ørsted Becomes Sole Owner of 924 MW Sunrise Wind in US for USD 152 Million

    10 July 2024
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Ørsted and Eversource have finalized the transaction for Eversource’s share in the Sunrise Wind offshore wind project, initially announced in January. Ørsted has acquired its former partner’s stake for USD 78 million (approximately EUR 72 million) less than the originally agreed price earlier this year. In the agreement signed in January, the two companies agreed […]

  • Ørsted Signs Armed Forces Covenant

    4 March 2019
    Jobs & Recruitment

    Leading offshore wind developer Ørsted has signed the Armed Forces Covenant which highlights the offshore wind as a “forces-friendly” industry. As a forces-friendly company, Ørsted will seek to support the employment of veterans by working alongside the Career Transition Partnership (CTP) in order to establish a tailored employment pathway for service leavers. The company will […]

  • First Foundation In at Ørsted’s New Offshore Wind Project in Taiwan

    11 April 2025
    Fixed-Bottom, Foundations, Project Updates, Supply Chain, Wind Farm Update

    The first suction bucket jacket (SBJ) foundation has been installed at the Greater Changhua 2b and 4 offshore wind farm site in Taiwan, where wind turbine installation is also set to begin soon. The foundations are being installed by Heerema Marine Contractors’ heavy lift vessel Aegir, which was also used to install the project’s substation […]

  • Ørsted Picks Greater Changhua Geophysical Surveyor

    24 April 2018
    Contracts & Tenders, Operations & Maintenance, R&D, Vessels, Wind Farm Update

    Ørsted has signed a contract with Taiwan-based EGST to conduct three geophysical surveys at the offshore site of the Greater Changhua wind project in Taiwan.

  • Ørsted Awards Hornsea Three Cable Landing Contract

    24 August 2023
    Contracts & Tenders, Grid Connection

    UK-based AMS Trenchless has been awarded the cable landing works contract on Ørsted’s Hornsea Three offshore wind farm. AMS Trenchless will undertake specialist works at the landfall site at Weybourne, North Norfolk, where the offshore cables meet the onshore cables. Using Horizontal Directional Drilling (HDD), the North Lincolnshire company will install underground cable ducts that […]

  • Ørsted Opens US Innovation Hub

    4 March 2020
    Business & Finance

    Offshore wind major Ørsted has opened a United States Innovation Hub in Providence, Rhode Island as part of its commitment to building an offshore wind industry supply chain in the US. With its seven work stations at Providence’s CIC workspace, the Innovation Hub will serve as the physical location for the Hub team as they […]

  • Ørsted Becomes THMA Milestone Member

    3 December 2018
    Business & Finance

    Ørsted has joined the Team Humber Marine Alliance (THMA), becoming the non-profit organization’s 250th member.

  • Ørsted’s Ex Wind CEO Finds New Gig

    25 April 2019
    Business & Finance, Jobs & Recruitment

    Macquarie’s Green Investment Group (GIG) has appointed Ørsted Wind Power’s former CEO Samuel Leupold as Chairman of Wind Energy. In this newly created position, Leupold will support the development and implementation of GIG’s global strategy for offshore and onshore wind. According to GIG, the new chairman will also support the expansion of the organization’s global footprint […]

  • Taiwan: Ørsted on Local Supplier Hiring Spree

    28 August 2018
    Business & Finance, Contracts & Tenders

    Ørsted has signed contracts with 30 local suppliers for its Greater Changhua projects’ first 900MW and expects to award another ten more major contracts within the next two months for the construction phase, including onshore substation, foundations, turbines, and offshore cable installation.

  • Ørsted Joins SteelZero Initiative

    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 […]

  • Taiwan’s First Offshore Substations Stand

    9 November 2021
    Grid Connection, Wind Farm Update

    Heerema Marine Contractors’ heavy-lift vessel Aegir has installed the two substation topsides at Ørsted’s 900 MW Greater Changhua 1 and 2a wind farms offshore Taiwan. Manufactured in Singapore by Keppel Offshore & Marine Ltd, the two topsides are the first-ever to be installed in Taiwan’s waters. ”Installation for our Greater Changhua 1&2a project goes on. […]

  • Ørsted Kicks Off Offshore Construction of 920 MW Taiwanese Wind Farms

    18 February 2025
    Fixed-Bottom, Project Updates, Wind Farm Update

    Ørsted has commenced the offshore construction for the 920 MW Greater Changhua 2b and 4 offshore wind farms, located 35-60 kilometres off the coast of Changhua County, Taiwan. Greater Changhua 2b and 4 were awarded in June 2018 as part of Taiwan’s first competitive price-based auction, which had no mandatory local content requirements. In July […]

  • First Turbine Up at 704 MW Revolution Wind Project in US

    4 September 2024
    Fixed-Bottom, Project Updates, Wind Farm Update

    The first of the 65 Siemens Gamesa SG 11.0-200 DD wind turbines has been installed at Ørsted’s 704 MW Revolution Wind offshore wind farm in the US. The Revolution Wind offshore wind farm will utilise 65 Siemens Gamesa turbines, the same 11 MW turbine model used at the recently completed South Fork Wind. Once in operation, the […]

  • Ørsted to Bid for Floating Wind Farms Off Scotland

    8 July 2021
    Business & Finance, Contracts & Tenders, Wind Farm Update

    Ørsted, Falck Renewables, and BlueFloat Energy have established a consortium to jointly apply for seabed leases in sites suitable for building large-scale floating wind farms in Scotland’s upcoming ScotWind leasing round. The news comes less than a month after Ørsted revealed its strategic decision to pursue floating wind opportunities as part of its entering into […]

  • Race Bank Switches On

    13 June 2018
    Wind Farm Update

    Ørsted and its project partners, Macquarie and Sumitomo, officially opened the 573MW Race Bank offshore wind farm on 13 June at a ceremony in Grimsby, UK.

  • Construction Starts on Ørsted’s Greater Changhua 2b & 4 Offshore Substation

    16 August 2023
    Grid Connection, Wind Farm Update

    Seatrium has held a strike steel ceremony at its Pioneer Yard in Singapore to mark the start of construction of the offshore substation for Ørsted’s Greater Changhua 2b and 4 offshore wind farms in Taiwan. Seatrium said that this project is the latest under construction by Seatrium New Energy (a member of Seatrium Group) for […]

  • Ørsted and Esvagt Investing in ‘World’s First’ Green Fuel Service Operation Vessel

    8 April 2022
    Operations & Maintenance, Ports & Logistics, Technology, Vessels

    Ørsted and Esvagt have decided to invest in what the companies describe as the world’s first service operation vessel (SOV) that can operate on green fuels. The SOV will be powered by batteries and dual-fuel engines, capable of sailing on renewable e-methanol, produced from wind energy and biogenic carbon, which will lead to a yearly […]

  • Ørsted Sells 50 Per Cent of Greater Changhua 1

    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 […]

  • Ørsted Trials Turning Jackets into Coral Reefs – Video

    4 May 2022
    Environment, Wind Farm Update

    Ørsted is planning a world-first attempt to support coral reefs by growing corals on offshore wind turbine foundations. Together with Taiwanese partners, the company will test the concept in the tropical waters of Taiwan this summer. The aims are to determine whether corals can be successfully grown on offshore wind turbine foundations and to evaluate […]

  • Ørsted Appoints Pinsent Masons to German Advisory Panel

    14 August 2018
    Business & Finance

    International law firm Pinsent Masons has been appointed to the new German advisory panel of Danish offshore wind farm owner and developer Ørsted.