2263 results found for 'Ørsted'

2263 results found for 'Ørsted'
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  • Ørsted Greenlights 2.9 GW Hornsea 3 Offshore Wind Farm

    21 December 2023
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Ørsted has taken the final investment decision (FID) on what the company says is the world’s single largest offshore wind farm, the 2.9 GW Hornsea 3, which is expected to be completed around the end of 2027. In July 2022, Ørsted was awarded a contract for difference (CfD) for Hornsea 3 at an inflation-indexed strike price of […]

  • 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 […]

  • Ørsted Pilots Energy Storage Research in Taiwan

    25 September 2018
    Contracts & Tenders, Grid Connection, Operations & Maintenance, Technology

    Ørsted has signed an engineering, procurement and construction (EPC) contract with Delta Electronics to build its first megawatt-size energy storage pilot system at the National Changhua University of Education (NCUE) in Taiwan.

  • Ørsted Issues Green Senior Bonds in Taiwan

    5 November 2019
    Business & Finance

    Ørsted has issued green senior bonds in Taiwan for the purpose of raising green financing for its investments in the local offshore wind sector. Ørsted has completed the pricing of new unsecured green senior bonds of nominal TWD 12 billion (circa EUR 342.6 million) in total comprising a 7-year TWD 4 billion fixed-rate tranche and […]

  • Ørsted Opens Taiwan Offshore Wind O&M Hub

    2 August 2022
    Operations & Maintenance, Ports & Logistics, Vessels, Wind Farm Update

    Ørsted has inaugurated the Ørsted Taiwan Offshore Wind Farms Operations and Maintenance (O&M) Hub in the Port of Taichung, Taiwan. The O&M hub is the first operations facility with green design and the largest in terms of size and offshore service capacity in the Asia-Pacific region, the world’s leading offshore wind farm developer said. It’s […]

  • Construction Starts on Ørsted’s First Green Hydrogen Project

    17 May 2021
    Wind Farm Update

    Ørsted has started construction of the 2 MW H2RES offshore wind-to-hydrogen project in Denmark, for which the company reached a final investment decision (FID) in January. With a groundbreaking ceremony held on 17 May and led by Dan Jørgensen, the Danish minister for Climate, Energy & Utilities, Ørsted marked the onsite start of construction of […]

  • Ørsted Launches Its Own Uncrewed Surface Vessel for Metocean Campaigns, USV Also Validated as Floating LiDAR

    22 June 2023
    Business development, Innovation, Technology, Vessels

    Ørsted has designed and developed its own uncrewed surface vessel (USV) for offshore metocean measurement campaigns. The USV has also achieved DNV’s type validation as a floating LiDAR system and is set to enter serial production. The company, whose employees invented the concept which has now been patented, says its vessel is the first USV […]

  • German Food Retailer Signs Offshore Wind Power Purchase Agreement with Ørsted

    20 September 2021
    Contracts & Tenders, Wind Farm Update

    German food retailer REWE Group has signed a ten-year power purchase agreement with Ørsted to procure 100 MW of green electricity from Ørsted’s Borkum Riffgrund 3 offshore wind farm. The agreement with Ørsted represents REWE Group’s largest renewable energy offtake agreement to date and makes REWE Group the first German food retailer to purchase electricity […]

  • Ørsted Hungry For More Taiwanese Offshore Wind

    9 May 2018
    Authorities, Business & Finance, Contracts & Tenders, Wind Farm Update

    World’s leading offshore wind developer Ørsted will join the June auction in Taiwan to seek more capacity for constructing large-scale Greater Changhua offshore wind farms.

  • Ørsted Completes Exec Team Overhaul

    27 February 2024
    Business & Finance

    Ørsted’s Group Executive Team will see Trond Westlie and Patrick Harnett joining on 1 April following Ørsted’s Board of Directors appointing Westlie as the next Group Chief Financial Officer (CFO) and member of the Executive Board, and Harnett as the Chief Operational Officer (COO) on 27 February. The appointments follow a decision from November last […]

  • World’s Largest Renewable Energy Corporate Power Purchase Agreement Signed in Taiwan

    8 July 2020
    Business & Finance, Wind Farm Update

    Taiwan-based TSMC signed a corporate power purchase agreement (CPPA) with Ørsted for the Greater Changhua 2b & 4 offshore wind farm on 8 July. TSMC will offtake the full production from the 920 MW wind farm, making this the largest-ever contract of its kind within renewable energy, according to Ørsted. The contract has been signed […]

  • Ørsted Goes Ladder-Less Offshore New York

    27 December 2021
    Contracts & Tenders, Operations & Maintenance, R&D, Technology, Vessels, Wind Farm Update

    Scottish engineering innovator Pict Offshore has signed a deal with Ørsted to deploy the ‘Get Up Safe’ (GUS) motion-compensated lifting system at New York’s first offshore wind farms. The deal with Pict Offshore will see the system deployed at the 132 MW South Fork Wind offshore wind farm, as well as two further projects off […]

  • Ørsted Starts Typhoon Watch Project in Taiwan

    26 October 2018
    Environment, R&D, Technology

    Ørsted has launched a Dual-doppler radar project in Taiwan to collect wind data to understand the dynamics of a typhoon and tropical weather phenomena and how they can affect an offshore wind farm. Ørsted also signed a Memorandum of Understanding (MoU) with National Taiwan University, National Central University, Chinese Culture University and Industrial Technology Research […]

  • Ørsted Wins 1.1GW New Jersey Offshore Wind Solicitation

    24 June 2019
    Authorities, Contracts & Tenders

    The New Jersey Board of Public Utilities (NJBPU) has selected the Ocean Wind project proposed by Ørsted with support from Public Service Enterprise Group (PSEG) to negotiate a 20-year offshore wind renewable energy credit (OREC) for an offshore wind farm with a capacity of 1,100MW. Located off the coast of Atlantic City, Ocean Wind will […]

  • Ørsted Makes Operating Model Changes

    7 January 2020
    Business & Finance

    Ørsted has introduced a new operating model for its offshore wind business with an aim to support the further development, execution and operation of its project pipeline and future growth. Ørsted’s offshore business will be organized into four regions, including Asia Pacific, the UK, Continental Europe and North America. According to the company, each region […]

  • Ørsted Takes Majority Stake in Floating Wind Project Offshore Scotland

    6 April 2022
    R&D, Technology, Wind Farm Update

    Ørsted has joined a floating wind joint venture set up by Simply Blue Group and Subsea 7 and is acquiring a majority stake in the Salamander project offshore Scotland. The 100 MW Salamander project is a stepping-stone floating wind project off the east coast of Scotland, designed to provide the Scottish supply chain with an […]

  • Ørsted Greenlights 900MW Taiwanese Offshore Wind Farm

    30 April 2019
    Business & Finance, Wind Farm Update

    Ørsted has taken the final investment decision (FID) on the Changhua 1 and 2a offshore wind farm in Taiwan. Prior to the FID, Taiwan’s Ministry of Economic Affairs approved Ørsted’s local supply chain plan, and subsequently Ørsted has signed a power purchase agreement (PPA) with Taipower at the feed-in-tariff level announced on 30 January 2019. […]

  • Ørsted Books Second Methanol-Powered SOV at Esvagt

    5 July 2023
    Technology, Vessels

    Ørsted and Esvagt have signed an agreement for a second methanol-powered service operation vessel (SOV). The SOV is a sister vessel to the world’s first methanol-powered SOV which is scheduled to enter service off the UK East Coast in 2024. The second SOV will be ready for launch in 2026, where it will operate out […]

  • Ørsted Selects Skipjack Staging Spot

    24 July 2019
    Ports & Logistics

    Ørsted U.S. Offshore Wind has signed an agreement to develop Maryland’s first offshore wind energy staging center at Tradepoint Atlantic, a 3,300-acre global logistics center in Baltimore County, Maryland. The staging center will be used during the development of the Skipjack offshore wind farm located 19.5 miles off Maryland’s coast. “Together with Tradepoint Atlantic, we are […]

  • Ørsted and EEW Plan Monopile Factory in New Jersey

    8 July 2019
    Contracts & Tenders

    Ørsted has signed a Memorandum of Understanding (MoU) with EEW to work towards establishing a monopile fabrication facility in Paulsboro, New Jersey, for the Ocean Wind project. According to the project documents, the foundation manufacture facility may longer term expand its scope of activities as the Atlantic coast offshore wind industry grows. Ørsted also signed […]

  • Ørsted Probing Swedish Offshore Wind Sites

    3 February 2021
    Wind Farm Update

    Leading offshore wind developer Ørsted plans to start a consultation process on the Skåne offshore wind project in Sweden this spring. The project is in an early development phase and the consultation is part of the permitting procedure, Ørsted said. The wind farm covers an area of around 450 square kilometres located some 22 kilometres […]

  • Ørsted Completes Deepwater Wind Takeover

    8 November 2018
    Authorities, Business & Finance

    The U.S. competition authorities have approved Ørsted’s acquisition of a 100% equity interest in Deepwater Wind, taking the takeover to completion.

  • Ørsted Slims Down Investment Programme, Discontinues Previous Renewable Energy Capacity Target

    7 February 2025
    Business & Finance, Fixed-Bottom, Floating Wind, Planning & Permitting

    Ørsted will reduce the investment programme the company planned to implement by 2030 by around 25 per cent, saying the reduction was in line with its commitment to ensure a capital structure that can support a solid investment grade credit rating. The slimmed-down strategic investment programme will not affect Ørsted’s construction portfolio which totals 9 […]

  • Ørsted to Fight Danish Taxation of Its UK Offshore Wind Farms

    2 December 2020
    Authorities, Business & Finance

    The Danish Tax Agency has decided to tax Ørsted’s Walney Extension and Hornsea One offshore wind farms in the UK and the developer has now announced an appeal to this decision to the Danish Tax Appeals Agency. Namely, Ørsted received an administrative decision on 1 December for the tax years 2015 and 2016, with the […]

  • Ørsted Breezes Past 3GW Operational Offshore Wind Mark in UK

    12 June 2018
    Business & Finance, Operations & Maintenance, Ports & Logistics, Vessels, Wind Farm Update

    Following the official opening of the Race Bank, Ørsted will own and partly own 10 operational offshore wind farms in the UK with a combined capacity of over 3,000MW.

  • Ørsted and US Labor Union Kick-Start Offshore Wind Workforce Transition

    18 November 2020
    Business & Finance, Jobs & Recruitment

    Ørsted and North America’s Building Trades Unions (NABTU) have signed a Memorandum of Understanding (MoU) to develop the next generation offshore wind workforce in the U.S. The partnership will create a national agreement designed to transition U.S. union construction workers into the offshore wind industry, in collaboration with the leadership of the 14 U.S. NABTU […]