709 results found for 'ocean wind 1'

709 results found for 'ocean wind 1'
Order results by

A list of search results

  • Ørsted Cancels Two Wind Projects Offshore New Jersey, Clears Revolution Wind for Takeoff

    1 November 2023
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Danish renewable energy developer Ørsted has decided to cease the development of the Ocean Wind 1 and Ocean Wind 2 offshore wind projects in New Jersey. In addition, the company, together with Eversource, has taken a final investment decision (FID) on the 704 MW Revolution Wind, Rhode Island and Connecticut’s first utility-scale offshore wind farm. […]

  • Massachusetts Postpones Round 5 Offshore Wind Solicitation

    11 August 2025
    Authorities, Business & Finance, Fixed-Bottom, Planning & Permitting

    Massachusetts Department of Energy Resources (DOER) does not expect the Round 5 Request for Proposals (RFP) for offshore wind to be issued until next year, at the earliest, due to uncertainty at the federal level. In a letter to the state’s Department of Public Utilities (DPU), dated 7 August, DOER noted that it is required […]

  • Ørsted Gets Tax Break for New Jersey’s First Offshore Wind Farm, Shell-EDF JV Calls for Same Treatment for All Current NJ Projects

    7 July 2023
    Authorities, Business & Finance, Wind Farm Update

    New Jersey Governor Phil Murphy has signed a bill that will ease Ørsted’s tax obligations related to the 1.1 GW Ocean Wind 1 project, the state’s first offshore wind farm and the largest so far approved for construction in the US. Atlantic Shores Offshore Wind, a joint venture between Shell and EDF Renewables which is […]

  • Ørsted to Become First Tenant of New Jersey Wind Port

    31 July 2023
    Contracts & Tenders, Infrastructure, Ports & Logistics

    The New Jersey Economic Development Authority (NJEDA) has approved agreements with Ørsted for the development and sublease of up to 34 acres at the New Jersey Wind Port (NJWP), which Ørsted will use as a staging and support area for its 1.1 GW Ocean Wind 1 offshore wind project. With the agreement, Ørsted will be […]

  • Ørsted’s US, Taiwan Offshore Wind Projects Hit by Vessel Shortages; Sunrise Wind Still Not Out of the Woods

    6 November 2023
    Business & Finance, Contracts & Tenders, Fixed-Bottom, Planning & Permitting, Project Updates, Supply Chain, Vessels, Wind Farm Update, Wind Turbines

    Several days ago, Ørsted called it quits on the Ocean Wind 1 offshore wind farm in the US, with some of the main issues leading to the decision to abandon the project being supply chain bottlenecks, primarily vessel shortages. This has affected not only the now-dropped Ocean Wind 1 but also the company’s Revolution Wind […]

  • Polish Company Delivers Ocean Wind 1 Offshore Substations, Set to Start Same Work for 1.1 GW Baltic Power Project

    11 October 2023
    Contracts & Tenders, Fixed-Bottom, Grid Connection, Manufacturing, Offshore Platforms, Project Updates, Supply Chain, Wind Farm Update

    Baltic Operator, the subsidiary of Grupa Przemysłowa Baltic, which also includes Gdansk Shipyard, is set to start working on two offshore substations for the Baltic Power offshore wind farm in Poland, after delivering two offshore substations for the Ocean Wind 1 offshore wind project in the US this month. Under a contract Baltic Operator has […]

  • GE and Siemens Gamesa Settle Their Wind Turbine Patent Disputes

    3 April 2023
    Business & Finance, Business development, Equipment, Industry, Infrastructure, Technology

    GE and Siemens Gamesa have resolved their wind turbine technology patent disputes ”in their entirety”, GE said in a statement. ”GE and SGRE have reached an amicable settlement of all their wind turbine technology patent disputes in the United States and Europe on confidential terms and have granted each other and their respective subsidiaries worldwide […]

  • GE Banned from Selling Haliade-X Offshore Wind Turbine in US, Two Projects Exempted

    8 September 2022
    Authorities, Business & Finance, Industry, R&D, Technology, Wind Farm Update

    A US federal judge in Boston has barred General Electric (GE) from ‘‘making, using, offering for sale, selling, importing (into), or installing in the United States” the Haliade-X offshore wind turbine after the jury found in June that the wind turbine infringed upon a patent held by Siemens Gamesa Renewable Energy. The jury and Judge […]

  • 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 […]

  • Ørsted Terminates Skipjack Wind Offtake Agreement Amid ‘Challenging Market Conditions’

    26 January 2024
    Authorities, Business & Finance, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    Ørsted has unveiled that it is pulling out of an offtake agreement with the State of Maryland for its 966 MW Skipjack Wind offshore wind project in the US. Following consultation with the State of Maryland, Ørsted has withdrawn from the Maryland Public Service Commission Orders approving the Skipjack 1 and 2 offshore wind projects. […]

  • 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 Pulls Out of Norwegian Offshore Wind Partnership

    14 November 2023
    Business & Finance

    Denmark’s Ørsted has decided to pull out of a Norwegian offshore wind partnership with Fred. Olsen Seawind and Hafslund. “Ørsted have informed us that due to a prioritisation of investments in the portfolio they will withdraw from pursuing participation in offshore wind developments in Norway, and therefore their participation in the partnership will discontinue,” said […]

  • Siemens Gamesa Halts Plans for USD 200 Million Offshore Wind Turbine Blade Factory in US

    13 November 2023
    Business & Finance

    Siemens Gamesa has discontinued its plans to build and operate an offshore wind turbine blade manufacturing plant in Virginia, US. The company’s USD 200 million (about EUR 187 million) manufacturing plant was planned to be built at the Port of Virginia’s Portsmouth Marine Terminal. It was intended to support major US offshore wind projects, including […]

  • Shell Exits US Offshore Wind Project, Sells Stake to Ocean Winds

    21 March 2024
    Business & Finance, Project Updates, Wind Farm Update

    Shell New Energies, a subsidiary of Shell, has sold its 50 per cent equity share in SouthCoast Wind Energy, established in 2018 to develop wind projects off the coast of Massachusetts, to its joint venture partner Ocean Winds North America for an undisclosed sum. According to Shell, the deal with Ocean Winds was structured to […]

  • TFK, JDR to Supply Baltic Power Onshore and Subsea Cables

    12 October 2023
    Cables, Contracts & Tenders, Equipment, Grid Connection, Supply Chain

    TELE-FONIKA Kable (TFK), alongside JDR Cable Systems (JDR), has been awarded a contract to supply subsea and land cables for the 1.2 GW Baltic Power offshore wind farm in Poland. Together with partners NKT and DEME Offshore, TFK and JDR will design, manufacture, and install 340 kilometres of land and subsea cables, enabling the Baltic […]

  • Rhode Island and Connecticut’s First Utility-Scale Offshore Wind Farm Enters Construction

    22 August 2023
    Authorities, Fixed-Bottom, Project Updates, Wind Farm Update

    The US Bureau of Ocean Energy Management (BOEM) has issued a Record of Decision (ROD) for the 704 MW Revolution Wind project, the first utility-scale offshore wind farm which will feed electricity into Rhode Island and Connecticut’s grids. With the ROD in place, Ørsted and Eversource may now proceed with the project’s construction. The ROD will […]

  • Danish Offshore Wind Giant Exits Markets, Axes Renewable Energy Targets, and Reduces Positions

    7 February 2024
    Business & Finance, Business development, Industry, Jobs & Recruitment, Market Outlooks, Outlook & Strategy

    Denmark-headquartered Ørsted has revealed a substantial revision of its plans, including a reduced 2030 renewable energy target, job cuts, exit from several markets, and “leaner development” within floating offshore wind and Power-to-X. As a result of the business plan approved by Ørsted’s Board of Directors, Ørsted has updated its ambition for installed renewable capacity from […]

  • New Jersey Exploring Alternative Uses for Its Offshore Wind Port

    18 February 2025
    Business & Finance, Fixed-Bottom, Ports & Logistics

    The New Jersey Economic Development Authority (NJEDA), which has developed the New Jersey Wind Port on behalf of the New Jersey State, is assessing options and alternatives for the hub-style port for offshore wind as the market is facing challenges. The offshore wind port is located in Lower Alloways Creek, Salem County, and is being […]

  • Ørsted, Eversource Greenlight 924 MW Sunrise Wind After Securing US Approval

    27 March 2024
    Authorities, Business & Finance, Business development, Planning & Permitting, Project Updates, Wind Farm Update

    The 924 MW Sunrise Wind offshore wind farm has received its Record of Decision (ROD) from the US Department of Interior’s Bureau of Ocean Energy Management (BOEM). In addition, the project’s developers, Ørsted and Eversource, have taken a final investment decision (FID) on Sunrise Wind and will now advance with onshore construction activities. Located approximately […]

  • US Could Soon Give Go-Ahead to Another Large-Scale Offshore Wind Farm

    17 July 2023
    Authorities, Wind Farm Update

    The US Bureau of Ocean Energy Management (BOEM) is expected to soon announce its decision on whether to approve the Revolution Wind offshore wind farm as the federal agency has now completed the environmental analysis of the project, which Ørsted and Eversource plan to build offshore Rhode Island. BOEM issued the Final Environmental Impact Statement (FEIS) […]

  • Ørsted’s Offshore Revenue Soaring in 2021

    3 November 2021
    Business & Finance

    Ørsted has reported a 43 per cent increase in revenue in its Offshore segment for the third quarter and a 32 per cent increase for the first nine months of this year, both compared to the same periods of 2020. While the company’s operating profit (EBITDA) in the Offshore segment halved in the third quarter […]

  • GE Proposes Two Offshore Wind Plants in New York

    27 January 2023
    Business & Finance, Industry, Jobs & Recruitment

    GE has submitted a plan to construct two new manufacturing facilities in New York if it wins a sufficient volume of orders from customers in the State’s ongoing solicitation for up to 4.6 GW of offshore wind. GE proposed building the factories with Carver Companies at their Port of Coeymans site. Should GE receive sufficient […]

  • New Jersey Wind Port Opens Doors to Tier 1 Component Manufacturers

    25 May 2022
    Business & Finance, Contracts & Tenders, Jobs & Recruitment, Ports & Logistics

    The New Jersey Economic Development Authority (NJEDA) will shortly launch the next phase of its tenant selection process for the New Jersey Wind Port. This phase will involve seeking offers from Tier 1 wind component manufacturers, such as blades, for an approximately 70-acre parcel of property at the port. The parcel is currently undeveloped but […]

  • Ørsted Invests in Maryland Steel Fabricator

    15 October 2021
    Business & Finance

    Ørsted has announced an economic agreement that will establish Maryland’s first offshore wind steel fabrication center at Crystal Steel Fabricators in Federalsburg, Maryland. Ørsted’s investment in Crystal Steel will enable nearly USD 70 million in supply agreements and create nearly 50 new Maryland jobs, positioning local steelworkers to supply steel components that will be used […]

  • Ørsted and NABTU Sign ‘Historic’ Project Labor Agreement for US Offshore Wind

    6 May 2022
    Business & Finance, Industry, Jobs & Recruitment

    North America’s Building Trades Unions (NABTU) and the offshore wind developer Ørsted have announced a Project Labor Agreement (PLA) to construct the company’s US offshore wind farms with an American union workforce. “A first-of-its-kind in the United States, the National Offshore Wind Agreement (NOWA) sets the bar for working conditions and equity, injects hundreds of […]

  • 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”. […]