2262 results found for 'Ørsted'

2262 results found for 'Ørsted'
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  • 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,” […]

  • Berlin Looks to Acquire Minority Stake in TenneT Germany with Multi-Billion Plan

    17 November 2025
    Business & Finance

    Germany has earmarked a budget ceiling of EUR 7.6 billion for the possible purchase of a minority stake in the German arm of transmission system operator (TSO) TenneT, subject to parliamentary approval. Reuters reported on 12 November 2025 that Germany intends to spend over multiple years to acquire a stake in the unit, starting with […]

  • 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 […]

  • 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 […]

  • 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 […]

  • Acteon Wins Work on 1.5 GW Polish Offshore Wind Farm

    30 September 2025
    Contracts & Tenders, Fixed-Bottom, Supply Chain

    The joint venture between Ørsted and PGE has awarded Acteon’s geo-services business line, UTEC, a structural monitoring contract for the Baltica 2 offshore wind farm, which the joint venture is building in Poland. Under the contract, Acteon is responsible for the design, engineering, procurement, installation and commissioning of measurement and associated data acquisition systems for […]

  • 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 […]

  • First Batch of Baltica 2 Monopile Foundations Rolls Off Production Line

    29 September 2025
    Fixed-Bottom, Foundations, Manufacturing, Project Updates, Supply Chain, Wind Farm Update

    The first batch of monopile foundations for the 1.5 GW Baltica 2 offshore wind project in Poland has rolled off the factory floor. A total of 111 monopiles are planned to be installed at the Baltica 2 site, 107 for wind turbines and four for the offshore substation. The units are up to 100 metres […]

  • 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 […]

  • Offshore Construction Work Resumes on Revolution Wind After US Judge’s Ruling

    23 September 2025
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    A US judge in Washington has cleared the way for work to resume on the 704 MW Revolution Wind offshore wind farm after granting a temporary injunction that lifted the federal stop-work order imposed in August. On 22 August, the US Department of the Interior’s (DOI) Bureau of Ocean Energy Management (BOEM) issued a stop-work […]

  • Cadeler Takes Delivery of Wind Ally, Set for First Mission at 2.9 GW Hornsea 3 Project in UK

    25 September 2025
    Business & Finance, Vessels

    Cadeler has taken delivery of its first A-class vessel, Wind Ally, which will begin operations installing foundations at Ørsted’s Hornsea 3 offshore wind farm in the UK North Sea following mobilisation. The new vessel has been under construction for two years at the Cosco shipyard in Qidong, China. It has been delivered ahead of schedule […]

  • US: Robert F. Kennedy Jr. Engages CDC, Surgeon General to Study Alleged Harms of Offshore Wind Farms – Reports

    29 October 2025
    Authorities, Fixed-Bottom, Floating Wind, Planning & Permitting

    US Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. has instructed the Centers for Disease Control and Prevention (CDC) to study the potential negative impacts of offshore wind farms, Bloomberg has reported, citing people familiar with the matter. According to Bloomberg’s report, HHS tasked the CDC’s National Institute for Occupational Safety and Health […]

  • First Offshore Wind Turbine Tower Section Built Locally in Poland

    19 September 2025
    Equipment, Manufacturing, Supply Chain, Wind Turbines

    The first offshore wind tower section has been produced at the new Baltic Towers facility in Gdańsk, Poland. The event was attended by Minister of Climate and Environment Paulina Hennig-Kloska, Pomeranian Voivode Beata Rutkiewicz, Marshal of the Pomeranian Voivodeship Mieczysław Struk, Mayor of the City of Gdańsk Aleksandra Dulkiewicz, and representatives of the Government of […]

  • 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 […]

  • 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 […]

  • Orlen Neptun Leases Polish Offshore Wind Terminal to Smulders for Baltica 2

    15 September 2025
    Business & Finance, Contracts & Tenders, Ports & Logistics, Supply Chain

    Orlen Neptun and Smulders have signed a contract for the lease of the Świnoujście Offshore Terminal in Poland. The terminal will serve as a service and logistics base for Smulders, where the company will store and assemble internal platforms for the Baltica 2 offshore wind project. The agreement involves the lease of the terminal space, […]

  • US Interior Secretary: ‘No Future for Offshore Wind Under This Administration’

    12 September 2025
    Authorities, Fixed-Bottom, Planning & Permitting

    US Interior Secretary Doug Burgum said at a press conference on 10 September that offshore wind has no future in the US under the Trump administration and that the government was reviewing five offshore wind projects that are now under construction. Speaking to the press at the Gastech event in Milan, Italy, Burgum said offshore […]

  • ‘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 […]

  • Two Consortia Submit Applications in Norway’s Floating Wind Tender

    15 September 2025
    Authorities, Floating Wind, Planning & Permitting, Project Updates, Wind Farm Update

    Two consortia have applied for offshore sites in the Norwegian area designated for floating wind projects, Utsira Nord. The bidders are Harald Hårfagre, a joint venture between Deep Wind Offshore and EDF Renewables, and a consortium of Equinor and Vårgrønn. Norway’s Ministry of Energy will now begin the work on assessing the applications and plans […]

  • 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 vs. Trump Administration: Revolution Wind JV Initiates Legal Action Against Stop-Work Order

    5 September 2025
    Authorities, Business & Finance, Project Updates, Wind Farm Update

    Revolution Wind, a joint venture (JV) between Ørsted and a consortium led by Skyborn Renewables, filed a complaint in the US District Court for the District of Columbia on 4 September, challenging the stop-work order issued by the US Department of the Interior’s (DOI) Bureau of Ocean Energy Management (BOEM). The states of Connecticut and […]

  • Ørsted Assembles Air & Sea Fleet for Hornsea 3 Offshore Construction

    27 August 2025
    Business & Finance, Contracts & Tenders, Supply Chain, Vessels

    Ørsted has finalised contracts for vessels and helicopters that will support the construction of the 2.9 GW Hornsea 3 offshore wind farm in the UK. A newbuild service operation vessel (SOV), Esvagt James Blythe, currently under construction, is one of ten transportation vehicles that will work on the construction phase of Hornsea 3. Other vehicles […]

  • Van Oord Taps Norwegian Company for Offshore Wind Engineering Consultancy Services

    9 October 2025
    Business & Finance, Contracts & Tenders, Supply Chain, Vessels

    Global Maritime (GM) has signed a framework agreement with Van Oord, under which the marine and engineering consultancy company will provide a range of services to support Van Oord’s work in the offshore wind sector. The framework covers consultancy and technical support for operations and maintenance (O&M) campaigns, as well as wind turbine and foundation […]

  • Trump Administration Moves to Vacate Federal Approval for Maryland Offshore Wind Project

    15 September 2025
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    [NOTE: Article updated on 16 September with a statement from US Wind and to specify project capacity as 1.7 GW.] The US Department of the Interior (DOI) has filed a motion in the US District Court in Maryland to remand and/or vacate its approval of the Construction and Operations Plan (COP) for US Wind’s 1.7 […]

  • Tekmar, Jan De Nul Sign Framework Agreement for TenneT’s 2 GW Offshore Grid

    8 October 2025
    Business & Finance, Cables, Contracts & Tenders, Grid Connection, Supply Chain

    Tekmar Group has signed a framework agreement with Jan De Nul for the engineering, manufacturing, and supply of the Cable Protection System (CPS) for TenneT’s 2 GW offshore grid connection programme in Germany. The first awards under the agreement cover two projects. Work has commenced immediately on the first project, with delivery expected in 2027. […]

  • 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 […]