2262 results found for 'Ørsted'

2262 results found for 'Ørsted'
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  • 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 […]

  • 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 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 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 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 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 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.

  • Ørsted Piles On Greater Changhua Pin-Pile Orders

    24 October 2018
    Contracts & Tenders, Wind Farm Update

    Ørsted has signed a contract with CSBC Corporation for the manufacture of ”a significant number” of wind turbine foundation pin-piles for the first 900MW Greater Changhua projects in Taiwan.

  • 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 […]

  • 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 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 […]

  • Taiwan’s First Far Offshore and Large-Scale Wind Project Inaugurated

    25 April 2024
    Fixed-Bottom, Project Updates, Wind Farm Update

    The Greater Changhua 1 and 2a offshore wind project was officially inaugurated at an event in the Port of Taichung, Taiwan, on 25 April 2024. With a total installed capacity of 900 MW, the project is in operation and fully connected to the grid, making it the largest in Taiwan and the Asia-Pacific region, said […]

  • Ørsted Reshuffles Executive Management Tier, Martin Neubert Steps Down

    4 October 2022
    Business & Finance

    The world’s leading offshore wind developer Ørsted has decided to implement a new organisational structure and changes to executive management in an effort to continue to drive growth under increasingly different local market requirements, while leveraging the synergies of a global organisation. The current corporate structure with a Commercial area and an Onshore business unit […]

  • 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 […]

  • UK Company to Provide Refurbishment Services to Ørsted’s Wind Turbine Ops

    8 March 2023
    Operations & Maintenance

    World’s leading offshore wind developer Ørsted has signed a collaborative agreement with UK-based Renewable Parts for parts refurbishment services for its offshore wind turbine operations. Initially focused on Ørsted’s UK operations, Renewable Parts will work with Ørsted to increase the volume of parts reused within offshore operations, developing technology that could increase sustainability and reduce the […]

  • 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 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 Picks EDS HV SAP Services for UK Wind Farms

    28 November 2017
    Contracts & Tenders, R&D, Technology

    High voltage engineering specialist EDS HV Management has signed a Framework Agreement with Ørsted to provide SAP Services across the company’s range of UK offshore wind farms.

  • Ørsted Secures 1.6 GW Offshore Wind Capacity in South Korea

    30 November 2023
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    Ørsted has secured an Electricity Business License (EBL) from the Ministry of Trade, Industry and Energy of the Republic of Korea for the 1.6 GW Incheon offshore wind project. The license grants Ørsted exclusive development rights for its gigawatt-scale Incheon offshore wind project which is set to become the largest in Korea on completion and […]

  • Ørsted Signs Greater Changhua Green Loan Facility

    20 June 2019
    Business & Finance, Wind Farm Update

    Ørsted has signed a guaranteed five-year syndicated green revolving loan facility for its Greater Changhua offshore wind projects in Taiwan. The NTD 25 billion (circa EUR 714.3 million) green facility attracted 15 banks to join in less than two months, which represents the first time local state-owned banks are involved in financing offshore wind projects, Ørsted said. Ørsted will now […]

  • Ørsted Signs Triton Knoll Power Offtake Agreement

    31 August 2018
    Business & Finance, Contracts & Tenders, Wind Farm Update

    Ørsted and innogy have entered a power purchase agreement (PPA) under which Ørsted will offtake 100% of the power generated by the Triton Knoll offshore wind farm, for which innogy has now reached financial close. 

  • Offshore Installation Starts at Ørsted’s 900 MW Wind Farm in Taiwan

    18 March 2021
    Wind Farm Update

    Ørsted said that the full-scale offshore construction activities at the 900 MW Greater Changhua 1 & 2a wind farms are moving full speed ahead after the developer secured all the permits and EIA approvals for the project. Ørsted will begin export and array cable laying, installation of the offshore substations and foundations in 2021, and […]

  • Taiwan’s Largest Offshore Wind Farm Delivers First Power

    21 April 2022
    Wind Farm Update

    Ørsted has achieved successful delivery of first power from the 900 MW Greater Changhua 1 & 2a wind farm offshore Taiwan. According to Ørsted, the first power was delivered as scheduled with the installation and energisation of the first batch of offshore wind turbines which were transported from the Port of Taichung to the site. […]

  • Ørsted’s First US-Made CTV Starts Sea Trials

    17 July 2020
    Vessels

    WindServe Marine has floated out crew transfer vessel (CTV) Windserve Odyssey destined for the Coastal Virginia Offshore Wind (CVOW) project. Windserve Odyssey is about to start sea trials at Ørsted’s Block Island wind farm, after which it will travel from Rhode Island to Virginia to join the closeout of construction and commissioning of CVOW. “We’re […]

  • Google Buys Offshore Wind Power from Ørsted

    30 November 2021
    Business & Finance, Environment, Wind Farm Update

    Ørsted has signed a 12-year corporate power purchase agreement (CPPA) with Google under which Google will offtake 50 MW of Ørsted’s planned 900 MW Borkum Riffgrund 3 offshore wind farm in the German North Sea. Borkum Riffgrund 3 was the world’s first large-scale offshore wind farm to be awarded a zero bid and is expected […]

  • Ørsted Enters Another Offshore Wind Agreement in South Korea

    21 January 2022
    Business & Finance, Contracts & Tenders

    After signing a memorandum of understanding (MoU) with Korea’s state-owned utility provider Korea Southern Power (KOSPO) for joint development of a 800 MW wind project offshore Incheon City a few days ago, Ørsted has also signed an MoU for the project with Korea Midland Power (KOMIPO), both part of Korea Electric Power Corporation (KEPCO). Under […]