2244 results found for 'Ørsted'

2244 results found for 'Ørsted'
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  • Ørsted Divests Stake in 389 MW UK Offshore Wind Farm for GBP 456 Million

    5 May 2025
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Ørsted has divested a 24.5 per cent stake in the 389 MW West of Duddon Sands offshore wind farm to funds managed by Schroders Greencoat. The value of the transaction is GBP 456.1 million (approximately EUR 534 million) on a debt-free basis. The transaction closed on 30 April 2025. Ørsted will retain a 25.5 per […]

  • Surveys for Ørsted’s Australian Offshore Wind Projects Completed

    14 May 2025
    Business development, Project Updates, Research & Development, Wind Farm Update

    Ørsted has completed geotechnical and geophysical investigations at two Gippsland offshore wind farm sites in Australia. Using specialist vessels and equipment, the developer tested approximately 60 locations across its two feasibility licence areas by scanning and sampling the seabed in the Bass Strait off the Gippsland coast. The data should help Ørsted understand the composition […]

  • 900 MW DolWin Epsilon Platform to Begin Journey to German North Sea

    29 May 2025
    Grid Connection, Offshore Platforms

    The 900 MW DolWin epsilon platform is getting ready to sail into the German North Sea, the transmission system operator (TSO) TenneT announced on 28 May. After three years of construction at Seatrium’s shipyard in Singapore, the 82-metre-long platform has covered approximately 13,000 nautical miles to Norway in 60 days. There, the structure received its […]

  • Ørsted Pulls Plug on 2.4 GW Hornsea 4 Offshore Wind Project in UK

    7 May 2025
    Business & Finance, Project Updates, Wind Farm Update

    Ørsted has discontinued the development of the UK’s Hornsea 4 offshore wind farm in its current form. The developer said the 2.4 GW project has faced rising supply chain costs, higher interest rates, and increased construction and delivery risks since the Contract for Difference (CfD) award in Allocation Round 6 (AR6) in September 2024. In […]

  • Industry Urges Dutch Gov’t to Secure Offshore Wind Buildout to 21 GW with CfDs, Industrial Electrification

    2 June 2025
    Authorities, Fixed-Bottom, Industry, Planning & Permitting

    Offshore wind developers, suppliers, ports, and industry associations have called on the Dutch Minister of Climate Policy and Green Growth to safeguard the deployment of offshore wind capacity to reach 21 GW under the Netherlands’ roadmap by accelerating the electrification of Dutch industry and implementing two-sided Contracts for Difference (CfDs). In a call-to-action pamphlet signed by 21 companies […]

  • Ørsted Showcases First Taiwan-Made Transition Piece Mock-Up

    6 September 2019
    Ports & Logistics

    Ørsted has marked the completion of the first made-in-Taiwan transition piece mock-up with Sing Da Marine Structure (SDMS), a wholly-owned subsidiary of China Steel Corporation. The mock-up, fabricated by SDMS in Kaohsiung, has demonstrated that local suppliers are on track to prepare for delivery of jacket foundations for Ørsted’s Greater Changhua 1&2a projects, the world’s […]

  • Ørsted CFO Steps Down

    23 December 2021
    Business & Finance

    Marianne Wiinholt has decided to step down as the Chief Financial Officer (CFO) of Ørsted to accept a position outside the energy industry. Wiinholt served as Ørsted’s CFO for the past eight years and will continue in the role until 30 June 2022 at the latest. ”I have been part of Ørsted’s amazing journey over […]

  • Ørsted Homeports in Port of Taichung

    25 February 2020
    Operations & Maintenance, Ports & Logistics

    Ørsted has signed a wharf lease and a 20-year operations and maintenance (O&M) lease with the Port of Taichung in Taiwan. The leased wharfs will be upgraded and utilized for the construction of the Greater Changhua offshore wind farms, and the O&M site will serve as the O&M base for Ørsted‘s Changhua offshore wind farms […]

  • 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 Gets to Keep the Name

    10 May 2019
    Business & Finance

    The Copenhagen Maritime and Commercial Court has upheld Ørsted’s claim that it has the right to use the Ørsted name. To remind, the Danish offshore wind giant changed its name from DONG Energy to Ørsted in October 2017, following the sale of its upstream oil and gas business and the decision to shift to green energy. The name represents the company’s reference to […]

  • New CEO Takes Helm at Ørsted Offshore North America

    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 […]

  • Ørsted Asia-Pacific Head of Region Steps Down

    19 January 2022
    Business & Finance

    Ørsted has announced that Matthias Bausenwein will step down from his position as President of the Region Asia-Pacific and Chairman of Ørsted Taiwan on 20 January. Bausenwein will return to Europe for family reasons and take on a new role outside of Ørsted, the company said. The search for a successor has been activated. In […]

  • Ørsted and SMC Extend Offshore Wind Cooperation

    10 October 2023
    Contracts & Tenders, Operations & Maintenance, Supply Chain

    UK-based Specialist Marine Consultants (SMC) has been awarded two contracts by Ørsted to continue delivering structural inspections above water (SIAW) across the company’s offshore wind portfolio. The SIAW contracts, which will run until 2026, will see SMC continue to deliver inspection and maintenance works of external, internal, and confined space areas of the foundation, transition […]

  • Ørsted Issues Second Green Bond in Taiwan

    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 […]

  • Ørsted Bases Its North American Digital Operations in Newark

    21 May 2021
    Business & Finance, Operations & Maintenance

    Ørsted will open its North American Digital Operations Headquarters in Newark, New Jersey, the company announced on 20 May. The new office will support Ørsted’s operations throughout North America for both offshore and onshore wind assets, and will initially see over 20 Ørsted staff, including 12-14 new IT positions, being based there in 2021. This […]

  • Ørsted to Open United States Innovation Hub in Rhode Island

    16 January 2020
    R&D, Technology

    Ørsted is opening a United States Innovation Hub in Providence, Rhode Island in early spring as part of its commitment to building an offshore wind industry supply chain in the US. The Innovation Hub will be located in the CIC Providence workspace. To facilitate its mission, the Hub team will leverage Ørsted’s expertise across the […]

  • Ørsted Reshuffling Exec Team Amid ‘Challenging Business Environment’ in the Industry

    14 November 2023
    Business & Finance, Fixed-Bottom, Floating Wind, Industry

    Ørsted’s Chief Financial Officer (CFO) and Chief Operating Officer (COO) are leaving the company, and with immediate effect, as a result of “a challenging and volatile business environment” in the industry, according to the offshore wind major. Ørsted is already head-hunting for the new CFO and COO. Daniel Lerup and Richard Hunter, Ørsted’s now-former CFO […]

  • Ørsted Connects First Greater Changhua 2b & 4 Onshore Substation to Grid

    18 April 2025
    Fixed-Bottom, Grid Connection, Onshore Infrastructure, Project Updates, Wind Farm Update

    The first onshore substation of the 920 MW Greater Changhua 2b and 4 offshore wind project in Taiwan has been connected to the Taiwan Power Company (Taipower) onshore substation in the Changhua Coastal Industrial Park. The energisation of the onshore substation for the Greater Changhua 2b part of the project was delivered by Ørsted’s EPC contractor […]

  • Mads Nipper Steps Down from Leading Ørsted, Rasmus Errboe Named New CEO

    31 January 2025
    Business & Finance, Fixed-Bottom, Floating Wind

    Rasmus Errboe, Ørsted’s current Deputy CEO and Chief Commercial Officer, has been named Group President and CEO and will assume the role held by Mads Nipper for the last four years on 1 February. “The renewable energy market has fundamentally changed since January 2021. The impacts on our business of the increasingly challenging situation in […]

  • Ørsted to Build Zero-Emissions Offshore Wind Facility in Maryland

    7 October 2021
    Jobs & Recruitment, Operations & Maintenance, Wind Farm Update

    Ørsted plans to build a nearly USD 20 million emissions-free offshore wind operations and maintenance (O&M) facility in west Ocean City, Maryland, USA. Located on Harbor Road, the facility will service Ørsted’s Skipjack Wind program and create up to 110 temporary and permanent jobs in the community, the developer said. Skipjack Wind 1 is a […]

  • Ørsted Gathers Squad for Second Green Bond in Taiwan

    10 September 2020
    Business & Finance

    Ørsted has appointed BNP Paribas, Cathay United Bank and CTBC Bank as Mandate Lead Arranger’s for a potential TWD denominated green bond issuance in Taiwan. The green bond, set to be issued in Q4 2020, represents Ørsted’s second green bond offering in Taiwan. Ørsted intends to issue the new green bonds for the purpose of […]

  • Ørsted Goes High and Low in German Offshore Wind Auction

    27 April 2018
    Authorities, Business & Finance, Contracts & Tenders, Wind Farm Update

    The German Federal Network Agency (Bundesnetzagentur) has awarded Ørsted the right to build an additional 551.75MW offshore wind capacity in the German North Sea.

  • Ørsted, PGE Add Ayesa Polska to Baltica 2 Team

    8 May 2025
    Business & Finance, Contracts & Tenders, Fixed-Bottom, Supply Chain

    Ayesa Polska has signed an agreement for investor supervision of the offshore part of the 1.5 GW Baltica 2 wind project, built by PGE Polska Grupa Energetyczna (PGE) and Ørsted. Under the agreement, Ayesa Polska will be responsible for ensuring investor supervision over the entire offshore part of the wind farm, including the process of installing […]

  • Ørsted and PetroVietnam Form Offshore Wind Partnership

    8 August 2022
    Contracts & Tenders, Grid Connection, Industry

    Ørsted and PetroVietnam Technical Services Corporation Mechanical & Construction (PTSC M&C) have signed a memorandum of understanding (MoU) to launch collaboration on offshore wind projects in Vietnam and globally. This collaboration aims to deliver offshore substations for Ørsted and T&T’s proposed multi-gigawatt pipeline of offshore wind projects in Vietnam, supporting national net-zero targets. In addition […]

  • Ørsted Secures Sustainability-Linked Loan in Taiwan

    30 August 2023
    Business & Finance, Fixed-Bottom

    Ørsted has signed a NTD 25 billion (EUR 721 million) sustainability-linked revolving loan facility agreement for the developer’s offshore wind farms in Taiwan with a consortium of financial institutions, including nine state-owned banks. Ørsted and the financial institutions have aligned to include sustainable initiatives related to Ørsted’s business operations as key performance indicators to ensure […]

  • Ørsted Sets Greater Changhua Funding Plan

    7 March 2018
    Business & Finance, Wind Farm Update

    Ørsted plans to finance the Greater Changhua offshore wind projects by capital contributions from the Ørsted Group combined with debt capital sourced from local Taiwanese financial institutions.