297 results found for 'Hornsea Project Three'

297 results found for 'Hornsea Project Three'
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  • CfD Auction Design Changes Come with GBP 1.5 Billion Price Tag

    16 May 2018
    Authorities, Business & Finance, Contracts & Tenders

    The 2017 Contracts for Difference (CfD) will cost UK consumers significantly more relative to the additional capacity secured due to the changes in the auction design which allowed small fuelled-technology projects to raise the strike price of larger projects, National Audit Office (NAO) has found.

  • Mainstream Renewable Power Raises EUR 40 Million in Loan Notes (Ireland)

    16 January 2012

    Global renewable energy developer, Mainstream Renewable Power, has successfully raised €40 million in loan notes in what was one of Ireland’s largest private fundraisings of 2011. The three year loan notes were raised by Dolmen Stockbrokers from Irish high-net-worth individuals and institutions. It is expected that the formal closing of this €40mln will complete in […]

  • Dong Closes Onshore Activities to Focus on Offshore

    23 December 2014
    Business & Finance

    DONG Energy has today agreed to divest its shareholding in the Swedish onshore wind farm Storrun and Thursday last week the company divested its shareholding in the Norwegian onshore development company Zephyr. This marks the divestment of DONG Energy’s last onshore wind activities. As regards the 30MW onshore wind farm Storrun in Sweden, which has […]

  • Havfram Shuts Down Development Unit, Shifts Focus to Offshore Wind Transport and Installation

    6 November 2023
    Business & Finance, Industry

    Norway-based Havfram has decided to wind up its business unit dedicated to the early-phase development of offshore wind farms, Kontiki Winds. Moving forward, the company said it would fully focus on the offshore wind transport and installations market. The news came a day after Havfram revealed that Kontiki Winds was ending its collaboration with RWE […]

  • Ørsted Wind Farms Deliver in Q1

    2 May 2019
    Business & Finance

    Ørsted has reported DKK 3.6 billion operating profit (EBITDA) from its offshore wind farms in operation in the first quarter of 2019, a year-on-year increase of 13% mainly driven by a ramp-up in generation from the Borkum Riffgrund 2 and the Walney Extension wind farms. Power generation from offshore and onshore wind increased by 31% […]

  • Offshore Wind Accounts for 45 Pct of NKT’s High-Voltage Order Backlog

    21 February 2024
    Business & Finance, Cables, Grid Connection, Manufacturing, Supply Chain

    Subsea power cable manufacturer NKT has reported a record-high order backlog for high-voltage cables for 2023, with 45 per cent of orders coming from offshore wind. At the end of last year, NKT’s order backlog was at EUR 10.8 billion, more than double the company saw at the end of 2022. In its full-year 2023 […]

  • Highlights of the Month – July 2020

    3 August 2020

    We bring you the ten most-read articles on OffshoreWIND.biz for the month of July 2020. Blade Crashes Into Apollo’s Gangway Offshore Belgium A blade from one of SeaMade’s wind turbines collided with the gangway on DEME Group’s jack-up Apollo at the beginning of July, after which the gangway detached from the vessel and fell into the […]

  • World’s Largest Monopile Factory Secures Planning Approval

    17 June 2022
    Contracts & Tenders, Operations & Maintenance, Ports & Logistics

    SeAH Wind Ltd, a subsidiary of South Korea’s pipe manufacturer SeAH Steel Holdings, has received planning approval for its proposed GBP 300 million UK XXL monopile factory to be built at Teesworks. Site works are scheduled to commence in July with overall completion anticipated in 2024. The 40-metre high, over 800-metres long building, part of the Teesside’s […]

  • Norwegian Companies Join Blåse Energi Floating Offshore Wind Alliance

    20 June 2023
    Collaboration, Outlook & Strategy

    Hammerfest Energy and Varanger Kraft have decided to join the Blåse Energi consortium focused on developing floating offshore wind projects in Norway. According to the press release, Hammerfest Energi and Varanger Kraft will contribute with expertise around grids and grid planning, as well as dialogue with the Norwegian authorities. “Offshore wind is a new area […]

  • Parsons Brinckerhoff Targets Humber Offshore Wind Through THMA (UK)

    18 October 2011

    One of the world’s leading engineering consultancies and energy specialists is targeting the Humber region because of its increasing importance as a renewable energy hub. Parsons Brinckerhoff, part of the Balfour Beatty group, has joined Team Humber Marine Alliance (THMA) as its latest member ahead of a concerted move by the industry to develop new […]

  • BVG Associates: Who Could Win Next CfD Auction in UK?

    7 January 2016
    Authorities, Business & Finance

    Following the UK Energy Secretary Amber Rudd’s announcement that the government will hold three Contract for Difference (CfD) auctions before 2020, the first of which will kick off this year, Chris Willow, Senior Associate at BVG Associates, has selected front runners in the race to win the first auction. In terms of projects that could win the auction, […]

  • Two Offshore Wind-to-Hydrogen Projects Withdraw from UK’s First Electrolytic Allocation Round

    18 August 2023
    Authorities, Business & Finance, Contracts & Tenders, Floating Wind, Power-to-X

    An Ørsted-Phillips 66 partnership and ERM have withdrawn their Gigastack and Dolphyn projects, respectively, from the UK’s first electrolytic allocation round (HAR1). While ERM has made the move as it aims at securing alternative funding for a phased multi-unit larger development, Ørsted and Phillips 66 have now halted their Gigastack project. Both projects involve producing […]

  • N-O-S Adds Four Wilson Offshore’s Vessels to Its Fleet

    3 May 2021
    Business & Finance, Vessels

    Northern Offshore Services (N-O-S) will take over the management of four Wilson Offshore’s offshore supply vessels (OSVs) designed for accommodation, cargo transfers, walk-to-work (W2W), survey, and ROV operations. Under a cooperation agreement with the ship owner Wilson Offshore, N-O-S will take over full technical and commercial management over the vessels starting in the third quarter […]

  • 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 […]

  • 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, […]

  • DONG Energy Opens Call for Offshore Wind Apprenticeships in Grimsby

    19 June 2017
    Operations & Maintenance, Training & Education

    DONG Energy has partnered with the Grimsby Institute to offer new offshore wind turbine technician apprenticeships.

  • Ørsted and POSCO Form Offshore Wind and Hydrogen Pact in Korea

    27 May 2021
    Business & Finance, Technology, Wind Farm Update

    Ørsted and POSCO Group, one of the largest conglomerates in Korea, have signed a Memorandum of Understanding (MoU) to strengthen collaboration on offshore wind and renewable hydrogen in Korea. POSCO and its affiliates will apply the group’s joint capabilities to support the development of Ørsted’s 1.6 GW offshore wind projects off the coast of Incheon […]

  • Prysmian to Add Two More Vessels to Its CLV Fleet

    21 December 2023
    Contracts & Tenders, Supply Chain, Vessels

    Italy-based Prysmian Group announced today, on 21 December, an investment of approximately EUR 350 million for two new cable-laying vessels (CLV) that the company says will reinforce Prysmian’s submarine project execution capabilities. “The market is tremendously growing, and we are facing an increasing demand for submarine cable systems for interconnections and offshore wind farm projects […]

  • Offshore Wind Demonstrates Unprecedented Cost Cuts

    11 September 2017
    Business & Finance

    After the UK government awarded three offshore wind projects with Contracts for Difference (CfDs), RenewableUK and Offshore Renewable Energy (ORE) Catapult commented on the news, highlighting the major decline in the cost of offshore wind.

  • UPDATED: Irish Government Designates 900 MW Area for Next Offshore Wind Auction, Work on Tender Design Underway

    14 July 2023
    Authorities

    NOTE: The original article “Irish Government Designates 700 MW Area for Next Offshore Wind Auction, Work on Tender Design Underway”, published on the 14th of July, has been updated following information from the Irish Department of the Environment, Climate and Communications (DECC) that the grid capacity available for auction in ORESS 2.1 has been upgraded from […]

  • 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 Two to Power Industrial Scale Offshore Wind-to-Hydrogen Plant from 2025

    15 November 2021
    R&D, Technology

    The consortium behind the Gigastack offshore wind-to-hydrogen project plans to have a 100 MW electrolyser system up and running in the Humber, UK, in 2025. ITM Power, Ørsted, Phillips 66, and Element Energy have now published a report, highlighting the progress made on the project to date and describing the pathway to a final investment […]

  • 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 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 […]

  • Parkwind Consortium Submits Application for Norwegian Offshore Wind Project

    15 November 2023
    Authorities, Collaboration, Outlook & Strategy, Planning & Permitting

    The Ventyr Energy consortium has submitted the application to prequalify for the development of an offshore wind project in the Sørlige Nordsjø II (Southern North Sea II) area in the Norwegian North Sea. In addition, Ventyr unveiled that Ingka Investments is to join the consortium. The Ventyr Energy consortium was first established as a partnership […]