649 results found for 'Hornsea Project One'

649 results found for 'Hornsea Project One'
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  • Reach Subsea Wins New Offshore Wind Contract

    10 March 2022
    Contracts & Tenders, Vessels

    Reach Subsea has been awarded a contract for an offshore wind farm located in the North Sea, under which the Norwegian subsea services provider will deploy the vessel Olympic Challenger. The inspection, maintenance and repair (IMR) and light construction subsea vessel, which has been on a charter with Reach Subsea since April 2018, will start […]

  • Ørsted Doubles Offshore Wind Earnings in 2023

    7 February 2024
    Business & Finance

    World’s leading offshore wind developer Ørsted has reported an operating profit (EBITDA) of DKK 18.7 billion (about EUR 2.5 billion) for 2023 and expects this year’s operating profit to be between DKK 23 billion and DKK 26 billion (approximately EUR 3 billion and EUR 3.4 billion). This is according to Ørsted’s 2023 annual results, which […]

  • Offshore Wind Investments to Reach USD 810 Billion by 2030 – Rystad Energy

    30 April 2021
    Business & Finance

    With the global installed offshore wind capacity expected to exceed 250 GW by 2030, the combined capital and operational expenditure (capex and opex) for the decade is set to reach USD 810 billion (approx. EUR 670.2 billion), signaling an increasing shift of investments from oil and gas to renewable energy technologies, according to a report […]

  • Ørsted Anticipates ‘Significantly Higher’ Offshore Earnings in 2023; Plans EUR 7 Billion in Gross Investments

    1 February 2023
    Business & Finance

    Ørsted reported an EBITDA of DKK 21.1 billion (approximately EUR 2.84 billion) for 2022 and expects this year’s operating profit to be in the similar range, between DKK 20 billion and DKK 23 billion (approx. EUR 2.67 billion and EUR 3.09 billion). For its offshore business, the developer anticipates 2023 earnings to be “significantly higher”. […]

  • Floating LiDAR Deployed in Utsira Nord Area to Support Norwegian Offshore Wind Development

    4 July 2023
    Business development, Research & Development

    TGS has announced the deployment of the “first-ever” LiDAR buoy measurement campaign to support Norwegian offshore wind development. This represents the first industry-led investment and installation toward making large-scale Norwegian offshore wind a reality, said TGS. The buoy has been deployed in the Utsira Nord zone. Throughout the 12-month campaign, it will conduct wind, metocean, […]

  • Top News of 2019 – Editors’ Picks

    1 January 2020

    With 2019 now behind us, our editorial team looks back on what shaped the offshore wind industry in the last year of the decade. Below is a subjective list highlighting some of the most impactful events in the sector: UK Offshore Wind Strike Prices Slide Down to GBP 39.65/MWh Offshore wind projects selected in the […]

  • Ørsted’s Net Profit Up 186 Per Cent in H1 2021

    12 August 2021
    Business & Finance

    World’s leading offshore wind developer Ørsted recorded a DKK 7.142 billion (EUR 960 million) net profit in the first half of 2021, a 186 per cent increase compared to DKK 2.493 billion net profit recorded in the first half of 2020. The company’s operating profit (EBITDA) for the first half year amounted to DKK 13.1 […]

  • Ørsted and Esvagt Investing in ‘World’s First’ Green Fuel Service Operation Vessel

    8 April 2022
    Operations & Maintenance, Ports & Logistics, Technology, Vessels

    Ørsted and Esvagt have decided to invest in what the companies describe as the world’s first service operation vessel (SOV) that can operate on green fuels. The SOV will be powered by batteries and dual-fuel engines, capable of sailing on renewable e-methanol, produced from wind energy and biogenic carbon, which will lead to a yearly […]

  • UK: Offshore Wind to Reduce Costs by 30 Pct Over Next 7 Years, Says Report

    13 June 2012

    A new report launched today by the industry-led Offshore Wind Cost Reduction Task Force shows that the UK is on course to reduce the cost of electricity from offshore wind substantially over the next seven years. The report builds on detailed evidence in a study by The Crown Estate, also published today, to show how […]

  • UK: Carbon Trust to Issue Warning to Offshore Wind Industry

    12 June 2013

    Carbon Trust will today issue a warning to the offshore wind industry that important new innovations to slash the cost of offshore wind power are at risk of remaining on the drawing board as the UK currently has nowhere to demonstrate new lower-cost foundations with more powerful offshore wind turbines. The issue has become so […]

  • THE FOUNDATIONS OF THE INDUSTRY: The next generation

    6 October 2015

    The offshore wind industry is not really doing anything exceptional when it comes down to the basics. Wind turbine generators, WTGs, have been around onshore since one of the first electricity-generating wind turbines was built to power a holiday home in 1887 in Marykirk, Scotland. Offshore platforms were built in the early 20th century for […]

  • Mercurio Plastics Shipyard ‒ Offshore wind: A challenging market

    15 October 2012

    Spanish Mercurio Group found that attending the SeaWorks trade fair in Southampton lead to dedicated shipbuilding for the offshore wind industry. In 2011 they were commissioned by offshore logistics provider Tidal Transit to build two purpose built support vessels for this sector. The Ginny Louise arrived in December 2011 and started work on Greater Gabbard […]

  • UK: Winners of Humber Renewables Awards 2012

    13 March 2012

    EVER since Siemens announced its intention to build a £230 million wind turbine factory in Hull in December 2010, the region has been waking up to the wealth of opportunities that the renewables industry will offer. But renewables is about so much more than wind power alone, and many companies have already started devising new […]

  • UK: REF Responds to DECC on Offshore Wind Farms’ Costs

    6 February 2013
    Authorities

    Renewable Energy Foundation (REF) has responded to the Department of Energy & Climate Change (DECC) by writing a letter to Rt Hon Ed Davey, Secretary of State for Energy & Climate Change, after the news published a few days ago, where DECC was quoted as saying that REF’s figures regarding the future subsidy income for the […]

  • Mitsui Buys Stake in Mainstream, Company Valued at EUR 2.1 Billion

    24 March 2022
    Business & Finance

    Mitsui & Co., Ltd., part of Japan’s Mitsui Group, has agreed to invest EUR 575 million in Mainstream Renewable Power in the form of new common shares, corresponding to a 27.5 percent equity stake in the global renewable energy company. Mitsui will take a long-term active role in the growth of Mainstream, alongside Aker Horizons, […]

  • UK Competition Winners Get Funds to Kick-Start North Sea Oil & Gas Electrification

    7 December 2021
    Environment, Technology

    UK’s petroleum regulator, the Oil and Gas Authority (OGA), has selected three winners for its £1 million offshore electrification competition, aiming to advance oil and gas electrification plans as part of the UK’s decarbonisation efforts. Three winners are sharing a £1 million, or about $1.3 million, prize for ideas that could help cut greenhouse gas […]

  • Seabed Investigations to Soon Start at Hornsea Three Offshore Wind Farm Site

    19 February 2025
    Fixed-Bottom, Project Updates, Wind Farm Update

    Seabed investigations using a remotely operated vehicle (ROV) are scheduled to start at the site of Ørsted’s Hornsea Three offshore wind farm in the UK on 1 March. A work-class ROV will be deployed from a DP vessel to investigate discrete areas of the seabed, both in the array site and on the export cable […]

  • Hornsea Project One

    30 May 2017

  • Greencoat UK Buys Stake in Hornsea One

    16 May 2022
    Contracts & Tenders, Wind Farm Update

    Greeencoat UK Wind has agreed to acquire a net 12.5 per cent stake in the 1.2 GW Hornsea One offshore wind farm from Global Infrastructure Partners (GIP) for a total cash consideration of approximately GBP 400 million (EUR 470 million). The acquisition is expected to complete in the third quarter of 2022 and will be […]

  • Wind of Hope Readies For Hornsea Wind Farms

    9 August 2021
    Operations & Maintenance, Ports & Logistics, Vessels, Wind Farm Update

    Ørsted’s new service operations vessel (SOV) Wind of Hope has arrived in the Port of Grimsby in the UK to prepare for working out at sea on the world’s largest offshore wind farms. Up to 60 of Ørsted’s wind turbine technicians will call the 84-metre vessel home for two weeks at a time, whilst they […]

  • Sembcorp Marine Secures Hornsea 2 Topsides Contract

    29 October 2018
    Contracts & Tenders, Grid Connection, Wind Farm Update

    Singapore-based Sembcorp Marine has signed an agreement with Ørsted’s subsidiary Optimus Wind Limited for engineering, procurement, construction, hook-up and commissioning works on two substation topsides, to be deployed at the Hornsea 2 offshore wind farm.

  • World’s Largest Offshore Wind Farm Fully Up and Running

    30 January 2020
    Wind Farm Update

    Ørsted has commissioned the 1,218MW Hornsea One wind farm off Yorkshire, UK, the world’s largest offshore wind farm.

  • Brookfield Buys Into Ørsted’s Four Operational Offshore Wind Farms in UK

    30 October 2024
    Business & Finance, Project Updates, Wind Farm Update

    Global investment firm Brookfield has bought minority stakes in four UK offshore wind farms owned and operated by Ørsted for around GBP 1.75 billion (approximately EUR 2.1 billion). The buy-in, which Brookfield is pursuing through Brookfield Infrastructure Fund V, will see the investment firm acquiring 12.45 per cent in Hornsea 1, Hornsea 2, Walney Extension, […]

  • ‘World’s First’ O&M Campaign Using Heavy-Lift Cargo Drones Underway at Dutch Offshore Wind Farm

    7 August 2024
    Fixed-Bottom, Operations & Maintenance, Project Updates, Technology, Wind Farm Update

    Ørsted has deployed heavy-lift cargo drones (HLCDs) for maintenance work at the Borssele 1&2 offshore wind farm in the Netherlands. This is the first time heavy-lift cargo drones are being used in an operational campaign, according to the company which tested the concept in 2023 at its Hornsea One offshore wind farm in the UK. […]

  • Octopus Renewables Buys Further Stake in Lincs Offshore Wind Farm

    16 September 2022
    Business & Finance, Wind Farm Update

    Octopus Renewables Infrastructure Trust (ORIT) has acquired a further 7.75 per cent ownership interest in the Lincs offshore wind farm in the UK from a fund managed by Macquarie Asset Management. The new buy-in follows ORIT’s investment from May of this year, when the investment company bought an initial 7.75 per cent stake in the wind […]