2264 results found for 'Ørsted'

2264 results found for 'Ørsted'
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  • Farm-Downs Lift Ørsted’s Numbers

    3 November 2022
    Business & Finance

    Leading offshore wind developer Ørsted has recorded an operating profit (EBITDA) of DKK 25.4 billion (EUR 3.41 billion) for the first nine months of the year, of which DKK 10.9 billion related to the 50 per cent farm-downs of the Hornsea 2 and the Borkum Riffgrund 3 offshore wind farms. EBITDA excluding new partnerships increased […]

  • Norwegian Oil Fund Partners with Ørsted on Borssele 1&2

    7 April 2021
    Business & Finance, Wind Farm Update

    Ørsted has signed an agreement with Norges Bank Investment Management (NBIM) to divest a 50% ownership share in its Borssele 1 & 2 offshore wind farm in the Netherlands. As part of the deal, Ørsted will continue to provide long-term operations and maintenance services from its O&M base at the Port of Vlissingen, as well as provide […]

  • MDE Consultants to Provide Skilled Personnel for Ørsted’s German OWFs

    2 April 2021
    Contracts & Tenders, Jobs & Recruitment

    Ørsted and MDE Consultants have signed a four-year framework agreement for the provision of personnel for Ørsted’s offshore wind farms in Germany. The wind farms include Gode Wind 3 and Borkum Riffgrund 3, both located in the German sector of the North Sea. Under the agreement, which started on 1 March and will run until 2025, […]

  • Ørsted Off to a Strong Start in 2022

    29 April 2022
    Business & Finance

    World’s leading offshore wind developer Ørsted has recorded DKK 5.7 billion (EUR 766 million) net profit in the first quarter of 2022, a 257 per cent increase compared to a DKK 1.6 billion net profit reported for the same period a year earlier. The operating profit (EBITDA) for the quarter totalled DKK 9.4 billion, an […]

  • Ørsted Awards Fifth Round Walney Extension Fund Grants

    4 October 2018
    Business & Finance

    Ørsted has awarded eighteen organizations with grants from the fifth round of its Walney Extension Community Fund.

  • Ørsted and Eversource Set Aside USD 5 Million for Offshore Wind Research

    27 April 2021
    Business & Finance, R&D, Wind Farm Update

    Ørsted and Eversource are committing USD 5 million from their Sunrise Wind project in New York to Stony Brook University to support offshore wind research initiatives. The commitment funded by the project will underwrite research initiatives specific to the advancement of offshore wind through Stony Brook’s Advanced Energy Research and Technology Center (AERTC) in connection […]

  • Ørsted and Eversource Submit Proposal for New Offshore Wind Farm in Rhode Island

    14 March 2023
    Business development, Wind Farm Update

    Ørsted and Eversource, the developers of the 704 MW Revolution Wind project offshore Connecticut and Rhode Island, have filed a proposal in Rhode Island’s offshore wind solicitation for Revolution Wind 2 which would have a generation capacity of 884 MW. According to the developers, the new offshore wind farm represents more than USD 2 billion […]

  • Ørsted and New Jersey Reach USD 125 Million Settlement Over Scrapped Offshore Wind Projects

    29 May 2024
    Authorities, Business & Finance, Planning & Permitting

    Danish renewable energy developer Ørsted will pay New Jersey USD 125 million (approximately EUR 115 million) to settle claims over the company’s cancellation of two offshore wind farm projects, Ocean Wind 1 and Ocean Wind 2, last year. The state’s Board of Public Utilities (BPU) said the USD 125 million it will receive will be […]

  • World’s Largest Offshore Wind Farm Goes into Operation

    31 August 2022
    Wind Farm Update

    Ørsted has fully commissioned its 1.3 GW Hornsea Two project in the UK, which has now become the world’s largest wind farm in operation, taking over that title from its sibling project, the 1.2 GW Hornsea One. The 1.3 GW offshore wind farm, located 89 kilometres off the Yorkshire Coast, alongside Hornsea One, comprises 165 […]

  • Ørsted Contracts Manor for Hornsea Two

    4 March 2021
    Contracts & Tenders, Wind Farm Update

    Manor Renewable Energy (MRE) has signed a major contract with Ørsted to supply power to the Hornsea Two offshore wind project in the UK. MRE will provide the full temporary power solution, service technicians, and both crew transfer and walk-to-work vessels, during the construction phase of the 1.4 GW offshore wind farm. “When the company […]

  • SeAH Wind Picks Partners for Hornsea 3 Offshore Wind Project

    6 March 2025
    Business & Finance, Contracts & Tenders, Supply Chain

    SeAH Wind has selected Mammoet, Glacier Energy, and Hutchinson Engineering as key subcontractors for the 2.9 GW Hornsea 3 offshore wind farm in the UK. With commercial production set to commence in the coming months, these subcontractors have been selected to provide support with operational and logistical services within the 120-acre site located on the […]

  • Ørsted Funds Offshore Wind Supply Chain Development in Taiwan

    23 July 2020
    Business & Finance, Industry, Training & Education

    Ørsted has launched the Offshore Wind Industrial Development Fund in Taiwan. The program, fully funded by Ørsted with a total amount of NTD 60 million (EUR 1.76), will be managed and executed by the Metal Industries Research & Development Centre (MIRDC) over the next 18 months. The aim of the fund is to ensure resources […]

  • Ørsted’s SOV Sisters Named In Spain

    5 February 2018
    Operations & Maintenance, Ports & Logistics, Vessels

    Norway’s Østensjø Rederi named and launched Edda Mistral on Friday 2nd February, and named Edda Passat on Saturday, 3rd February.

  • All Borkum Riffgrund 2 Turbines Up

    3 September 2018
    Vessels, Wind Farm Update

    Fred. Olsen Windcarrier’s jack-up installation vessel Bold Tern installed the final MHI Vestas 8MW turbine on Ørsted’s Borkum Riffgrund 2 wind farm on Friday, 31 August, completing the project ahead of schedule.

  • Formosa 1 Phase 2 Produces First Power

    9 September 2019
    Wind Farm Update

    The Formosa 1 Phase 2 offshore wind project in Taiwan has generated its first power. According to Ørsted, 10 out of 20 Siemens Gamesa 6MW turbines have been installed at the project site, while six units began generating power. Prior to commercial operation, each turbine goes through a power generation test which takes 10 to 14 days […]

  • Belfast Harbour Offshore Wind Terminal Sets Record in 2017

    19 February 2018
    Business & Finance, Operations & Maintenance, R&D

    The offshore wind terminal at the Belfast Harbour, Ireland, handled 305,000 tonnes of wind farm components in 2017, representing a record since it opened in 2013.

  • PGE Measures Good Winds at Baltica 2 and 3

    12 February 2020
    Wind Farm Update

    The Floating LiDAR campaign resulted in ”high quality data confirming the appropriate wind conditions for the investment,” PGE Baltica, part of PGE Group, said.

  • Baltica 2 Final Investment Decision Expected in Second Half of 2024

    5 June 2024
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Polish energy company PGE Polska Grupa Energetyczna and Ørsted are expected to reach the final investment decision (FID) on the Baltica 2 offshore wind project in the second half of this year, Dariusz Marzec, Chairman of the Board at PGE, said at the Polish Wind Energy Association (PWEA) Conference on 4 June. The 1.5 GW Baltica […]

  • First American-Built Offshore Substation Sails Away

    26 May 2023
    Grid Connection, Industry, Infrastructure, Wind Farm Update

    Ørsted and Eversource have marked the sail away of the first American-built offshore wind substation, which departed a Texas fabrication facility and is en route to the US East Coast. The substation is transiting across the Gulf of Mexico and then up the East Coast for installation at the South Fork Wind project site in […]

  • Cargo Ship-Hit Gode Wind 1 Turbine Went Back Into Service in 24 Hours; Vessel Said to Have Been Kilometres Off Course

    30 May 2023
    Vessels, Wind Farm Update

    The turbine at the Gode Wind 1 offshore wind farm in Germany that was hit by a cargo vessel last month was put back into service around 24 hours after being taken out of operation for inspection, Ørsted tells offshoreWIND.biz. According to reports by German media, the vessel, which sustained major damage, was on autopilot […]

  • Ørsted’s Offshore Wind Trio Shines in 2019

    8 August 2019
    Business & Finance

    Ørsted has reported an 18% increase in earnings from its offshore wind farms in operation in the first half of 2019, to DKK 5.9 billion (circa EUR 790.6 million), due to the ramp-up at the Hornsea Project One, Borkum Riffgrund 2 and Walney Extension offshore wind farms. Offshore and onshore wind power generation increased by 45% […]

  • Two Offshore Wind-to-Hydrogen Projects Withdraw from UK’s First Electrolytic Allocation Round

    18 August 2023
    Authorities, Business & Finance, Contracts & Tenders, Floating Wind, Power-to-X

    An Ørsted-Phillips 66 partnership and ERM have withdrawn their Gigastack and Dolphyn projects, respectively, from the UK’s first electrolytic allocation round (HAR1). While ERM has made the move as it aims at securing alternative funding for a phased multi-unit larger development, Ørsted and Phillips 66 have now halted their Gigastack project. Both projects involve producing […]

  • First US-Flagged Offshore Wind Service Operations Vessel Taking Shape

    5 April 2023
    Vessels

    Edison Chouest Offshore (ECO) has marked the 50-per cent completion milestone on ECO Edison, the first-ever US-flagged, Jones Act-compliant offshore wind service operations vessel (SOV), chartered by Ørsted and Eversource for their South Fork Wind, Revolution Wind and Sunrise Wind projects. The construction of the SOV, being built by ECO’s in-house shipyards in Louisiana, Mississippi, and […]

  • Offshore Wind Foundations Specialist Plants US Roots

    3 April 2018
    Business & Finance, Contracts & Tenders, Ports & Logistics, Technology

    Bay State Wind, the US-based 50-50 partnership between Ørsted and Eversource developing an offshore wind project in Massachusetts, has entered into an agreement with the steel pipe manufacturing specialist EEW to open and staff a Massachusetts facility to manufacture offshore wind turbine foundations.

  • Hornsea Two Onshore Cable Ordered from Korea

    1 October 2018
    Business & Finance, Grid Connection, Wind Farm Update

    Ørsted has awarded the South Korean LS Cable & System with a contract to supply the onshore cable for the Hornsea Project Two offshore wind farm.

  • 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.