Tag Archives: Ørsted

Ørsted signs MoUs with leading Korean utilities and takes important step in the development of Incheon offshore wind project

Ørsted has signed memoranda of understanding (MoUs) with Korean state-owned utilities Korea Southern Power (KOSPO) and Korea Midland Power (KOMIPO) for the development of the 1.6 GW Incheon offshore wind project. The MoU signing events were held as virtual meetings and attended by senior management representatives including Ho-Bin Kim, President of KOMIPO, Seung-Woo Lee, President … Continue reading Ørsted signs MoUs with leading Korean utilities and takes important step in the development of Incheon offshore wind project

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Ørsted partners with Liquid Wind and expands presence in green fuels with investment in large-scale e-methanol project in Sweden

Ørsted and Liquid Wind AB have reached an agreement, under which Ørsted will acquire a 45 % ownership share of Liquid Wind AB’s FlagshipONE e-methanol project. FlagshipONE is a late-stage development project and could become the world’s first large-scale sustainable e-methanol project. Liquid Wind AB plans to establish a series of facilities across Sweden to … Continue reading Ørsted partners with Liquid Wind and expands presence in green fuels with investment in large-scale e-methanol project in Sweden

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Hornsea 2 is now the largest offshore wind farm in the world

Hornsea 2’s 165 wind turbines sent their electricity to offshore substations for the first time.The blades of Hornsea 2 they started shooting. Although it will be necessary to wait until 2022 for full operation, the gigantic British wind farm generated the first kWh in those days, immediately stealing from its older brother – Hornsea 1 … Continue reading Hornsea 2 is now the largest offshore wind farm in the world

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The world’s biggest offshore wind farm, Hornsea 2, generates first power

When fully operational, Hornsea 2’s 165 8 MW Siemens Gamesa wind turbines will be capable of generating 1.32 GW of clean electricity – taking the title of ‘world’s largest operating offshore wind farm’ from its sibling project Hornsea 1. Together, the two projects will be capable of providing enough power for well over 2.3 million … Continue reading The world’s biggest offshore wind farm, Hornsea 2, generates first power

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Siemens Gamesa to install first of its SG 11.0-200 DD wind turbines in German waters at Ørsted’s Gode Wind 3

242 MW firm order received from Ørsted for German offshore wind power project. 23 SG 11.0-200 Direct Drive offshore wind turbines to be used; five-year Service agreement included.Project welcomed to support new German coalition government’s advanced goals for renewable energy production up to 2045. Installations expected to be completed in CY2024. Siemens Gamesa is pleased … Continue reading Siemens Gamesa to install first of its SG 11.0-200 DD wind turbines in German waters at Ørsted’s Gode Wind 3

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Ørsted awarded 846 MW offshore wind power contract in Maryland

The Maryland Public Service Commission has awarded a 20-year Offshore Renewable Energy Certificate (OREC) to Ørsted’s largest bid in the solicitation, the Skipjack Wind 2 Offshore Wind Farm with a capacity of 846 MW. Skipjack Wind 2 will generate enough green electricity to power 250,000 homes in the Delmarva region. Ørsted will build Skipjack Wind … Continue reading Ørsted awarded 846 MW offshore wind power contract in Maryland

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Ørsted scores ’A’ on gold standard climate action list – again

Global environmental non-profit CDP acknowledges Ørsted as a global leader on climate action for the third year in a row. Since CDP’s assessment, Ørsted had its 2040 net-zero target approved as science-based as only one of seven companies globally. Today, Ørsted was recognised by CDP for its actions to cut emissions, mitigate climate risks, and help … Continue reading Ørsted scores ’A’ on gold standard climate action list – again

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Ørsted takes final investment decision on two German offshore wind farms

Ørsted’s Board of Directors has taken final investment decision (FID) on the two German offshore wind farms Gode Wind 3 (242 MW) and Borkum Riffgrund 3 (900 MW) which are expected to be commissioned in 2024 and 2025, respectively. Rasmus Errboe, Head of Region Continental Europe at Ørsted, said: “Borkum Riffgrund 3 is a landmark … Continue reading Ørsted takes final investment decision on two German offshore wind farms

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Ørsted and Amazon expand cooperation with additional corporate power purchase agreements

Amazon, the multinational technology, e-commerce, cloud computing, and digital streaming company based in Seattle, Washington, and Ørsted are today announcing two new corporate power purchase agreements totalling 116 MW of capacity across onshore and offshore wind. Specifically, Amazon will offtake the output of 100 MW from Ørsted’s 900 MW Borkum Riffgrund 3 Offshore Wind Farm … Continue reading Ørsted and Amazon expand cooperation with additional corporate power purchase agreements

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Ørsted enters into pPA with Johnson & Johnson in Ireland and the US

Johnson & Johnson and Ørsted have signed two power purchase agreements (PPAs). Johnson & Johnson will purchase energy from Sparta Solar in Texas, US, and from the two onshore wind farms Kilgarvan and Booltiagh 1 in Ireland. Johnson & Johnson has signed two PPAs with Ørsted to offtake power from Sparta Solar in Texas in … Continue reading Ørsted enters into pPA with Johnson & Johnson in Ireland and the US

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Ørsted signs offshore wind energy CPPA with Google

Ørsted announced that it 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 with a zero … Continue reading Ørsted signs offshore wind energy CPPA with Google

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Ørsted acquires Lincoln Land Wind in Illinois in continued expansion of its operational footprint in the US

With the acquisition of the 302 MW operational wind farm, Ørsted enters the US MISO market, which covers 15 states in the Midwest and the South. Lincoln Land Wind is fully contracted via power purchase agreements (PPAs) with Meta, formerly the Facebook company, and McDonald’s Corporation (‘McDonald’s’). Lincoln Land Wind reached commercial operation on November … Continue reading Ørsted acquires Lincoln Land Wind in Illinois in continued expansion of its operational footprint in the US

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Ørsted signs EUR 175 million loan agreement with the Nordic Investment Bank

Ørsted has signed a EUR 175 million 8-year loan agreement with the Nordic Investment Bank (NIB) for the purpose of co-financing its investment in the Borssele 1 & 2 Offshore Wind Farm in the Netherlands. Together with the loan agreement closed with the European Investment Bank on 6 September 2021, the intended long-term financing of … Continue reading Ørsted signs EUR 175 million loan agreement with the Nordic Investment Bank

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Ørsted and BASF sign a 25-year offshore wind power PPA in Germany

BASF and Ørsted have concluded a 25-year fixed-price corporate power purchase agreement (CPPA), under which BASF will offtake the output of 186 megawatts from Ørsted’s planned Borkum Riffgrund 3 Offshore Wind Farm in the German North Sea.The offshore wind farm will have a total installed capacity of 900 megawatts and go into full commercial operation … Continue reading Ørsted and BASF sign a 25-year offshore wind power PPA in Germany

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Ørsted becomes the first energy company in the world with long-term science-based net-zero target

The Science Based Targets initiative (SBTi) has launched the Net-Zero Standard as the world’s only framework and leading standard for aligning corporate net-zero targets with climate science. As part of the launch, Ørsted’s 2040 net-zero full value chain decarbonisation target has now been validated as science-based. SBTi’s new Net-Zero Standard provides a common, robust, and science-based … Continue reading Ørsted becomes the first energy company in the world with long-term science-based net-zero target

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Wind farm to be built in Germany’s North Sea

The Federal Office for Maritime Navigation and Hydrography (BSH) announced today that it has approved the project for a 900 megawatt wind farm in the German North Sea. The park will have an area of 75 square kilometers and will house 83 wind turbines, which will rise 242 meters above sea level and will have … Continue reading Wind farm to be built in Germany’s North Sea

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Ørsted brings in Glennmont Partners as a 50% shareholder of Borkum Riffgrund 3 Offshore Wind Farm

Ørsted has signed an agreement with Glennmont Partners (’Glennmont’), who will be acquiring a 50 % ownership share in Ørsted’s 900 MW German offshore wind farm Borkum Riffgrund 3. The wind farm, which was awarded at EUR 0 per MWh in 2017 and 2018, is expected to be commissioned in 2025, subject to Ørsted’s final … Continue reading Ørsted brings in Glennmont Partners as a 50% shareholder of Borkum Riffgrund 3 Offshore Wind Farm

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Ørsted and ZE PAK join forces to participate in the upcoming auction for seabed leases in the Polish part of the Baltic Sea

ZE PAK, Poland’s largest privately owned energy producer who is currently implementing a shift from coal to renewables, and Ørsted, global leader in offshore wind with 30 years of experience, have signed a letter of intent to participate in the upcoming auction for seabed leases in the Polish part of the Baltic Sea. Next step … Continue reading Ørsted and ZE PAK join forces to participate in the upcoming auction for seabed leases in the Polish part of the Baltic Sea

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Ørsted signs new EUR 2 billion sustainability-linked revolving credit facility

Ørsted has today signed a EUR 2.0 billion 5-year sustainability-linked syndicated revolving credit facility with two 1-year extension options. The facility is for general corporate purposes and replaces Ørsted’s existing, undrawn EUR 1.4 billion syndicated revolving credit facility entered into in December 2015. To help drive the efforts to meet Ørsted’s ambitious sustainability targets, the … Continue reading Ørsted signs new EUR 2 billion sustainability-linked revolving credit facility

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EIB backs Ørsted with €500 million loan agreement, boosts wind energy

The European Investment Bank (EIB) has signed a EUR 500 million loan with Ørsted to support its increased capex programme on renewable energy projects, and the conclusion of the Borssele 1 & 2 wind farms off the Dutch coast with a long-term commitment from the EIB. “We’re very pleased with the commitment from EIB and … Continue reading EIB backs Ørsted with €500 million loan agreement, boosts wind energy

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