Tag Archives: Ørsted

Ørsted is the world’s most sustainable company

Renewable energy company Ørsted is the world’s most sustainable company according to the Global 100 ranking announced today. Having completed a fundamental business transformation from fossil fuels to renewables over the past decade, Ørsted urges all countries and companies to reduce their carbon emissions to help limit global warming to 1.5C. The global leader in offshore wind energy … Continue reading Ørsted is the world’s most sustainable company

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World’s largest offshore wind farm is set for completion this year

Located off the east coast of Britain, the wind farm called Hornsea One is expected to make enough wind energy to power one million UK homes. According to Orsted, the Danish energy company that built the farm, a single rotation of one turbine will be able to power an average home for a full day. … Continue reading World’s largest offshore wind farm is set for completion this year

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Ørsted’s first offshore wind farm in the Netherlands

Ørsted has started constructing its first offshore wind farm in the Netherlands by installing the first foundations at the 752MW Borssele 1 & 2 offshore wind farm, marking an important milestone for the project. Henrik Egholm, EPC Director for Borssele 1 & 2, says: “It’s great that the installation has started now, according to plan. … Continue reading Ørsted’s first offshore wind farm in the Netherlands

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Ørsted and partners secure funding for renewable hydrogen project

Within energy, Avedøre is best known for housing Ørsted’s large biomass-fuelled CHP plant, Avedøre Power Station, but in the future, the area might become home to more than heat and power production. This became clear when the Energy Technology Development and Demonstration Programme (EUDP) under the Danish Energy Agency decided to support the H2RES project … Continue reading Ørsted and partners secure funding for renewable hydrogen project

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Lincoln Clean Energy becomes Ørsted

In October 2018, Ørsted acquired Lincoln Clean Energy (LCE), a leading onshore developer with assets primarily in Texas. Over the past year, areas of the business have been systematically integrated to ensure an effective operating model capitalising on the capabilities from both companies. Since the acquisition, LCE has made significant progress, building its position as … Continue reading Lincoln Clean Energy becomes Ørsted

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Ørsted aims to invest in ‘green hydrogen’ pilot projects

Orsted and two partners secured funding in August from the British government for a “green hydrogen” project. Hydrogen gas has long been seen as a potential alternative to fossil fuels as it emits water when burned, not CO2, the greenhouse gas emitted by coal, oil and natural gas. But making hydrogen from water by electrolysis, … Continue reading Ørsted aims to invest in ‘green hydrogen’ pilot projects

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Ørsted and Covestro sign the world’s largest offshore wind energy PPA

Covestro, a world-leading supplier of high-performance polymer materials, has signed a 10-year corporate power purchase agreement with Ørsted to buy the output of 100MW from the planned Borkum Riffgrund 3 offshore wind farm.  Covestro, a world-leading supplier of high-performance materials headquartered in Leverkusen, Germany, has signed a 10-year indexed fixed-price agreement with Ørsted, the world-leader … Continue reading Ørsted and Covestro sign the world’s largest offshore wind energy PPA

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Nexans, Eversource and Ørsted sign Framework Agreement for North American Offshore Wind Farm

Nexans, the global expert in advanced cabling and connectivity solutions, Eversource, New England’s premier transmission builder, and Ørsted, the world leader in offshore wind, announced today a framework agreement. The agreement will reinforce their long-term partnership and will result in Nexans having the opportunity to provide up to 1,000 km of subsea high voltage export … Continue reading Nexans, Eversource and Ørsted sign Framework Agreement for North American Offshore Wind Farm

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Ørsted proposes 5-GW wind energy island linking Baltic states

Offshore wind farm developer Ørsted has unveiled its vision of what Denmark’s first offshore wind power cluster might look like. The company’s vision is to connect Denmark to two or three neighbouring countries, such as Poland, Sweden and possibly Germany, using the island of Bornholm as a hub and connecting up to 5 GW of … Continue reading Ørsted proposes 5-GW wind energy island linking Baltic states

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The world has the solutions to solve the climate crisis

Replacing fossil fuels with green energy is the main lever to combat climate change, says energy company Ørsted in a new white paper. The power sector is key to decarbonising energy, and the green technologies needed to speed up climate action and keep global warming below 1.5ºC are already here. Almost 75% of global emissions … Continue reading The world has the solutions to solve the climate crisis

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Ørsted to build landmark solar & storage project

Ørsted announced today that following final investment decision from its Board of Directors it has commenced construction on the company’s first utility-scale solar plus battery storage project, the 460megawatt (MWac) Permian Energy Center. The facility is located in Andrews County, Texas, and will come online in mid-2021. Upon completion of the Permian Energy Center, Ørsted … Continue reading Ørsted to build landmark solar & storage project

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Siemens Gamesa named preferred supplier for 300 MW Hai Long 2 offshore wind power project in Taiwan

Siemens Gamesa appointed as preferred supplier for providing wind turbines and service to the wind farm; firm order subject to conditions including final investment decision by consortium partners. Siemens Gamesa Renewable Energy (SGRE) and Hai Long Offshore Wind (Hai Long) today signed a preferred supplier agreement for the delivery and servicing of turbines on the … Continue reading Siemens Gamesa named preferred supplier for 300 MW Hai Long 2 offshore wind power project in Taiwan

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Ørsted inaugurates its first offshore wind farm in Taiwan

Today marks an important milestone for Ørsted as the company celebrates the inauguration of the Formosa 1 offshore wind farm in Taiwan, the first offshore wind farm built by Ørsted in Asia-Pacific. In the past three years, Ørsted has worked closely with joint venture partners, secured NTD 18.7 billion in wind energy project finance and … Continue reading Ørsted inaugurates its first offshore wind farm in Taiwan

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Ørsted presents update on its long-term financial targets

Ørsted presented a number of long-term financial targets. These targets are based on estimates of capital and operational expenses, production forecasts, outcome of offshore auctions, expected long term power prices, interest rates and other factors that are all inherently dynamic and subject to uncertainty. Given the combined impact of an adjustment of our offshore wind … Continue reading Ørsted presents update on its long-term financial targets

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Sunrise Wind signs wind power purchase agreement with New York

On 18 July 2019, New York selected Sunrise Wind as the preferred bidder for an 880MW offshore wind farm. Sunrise Wind has now signed a 25-year OREC purchase-and-sale agreement with the New York State Energy Research and Development Authority (NYSERDA). The Sunrise Wind project has an average all-in development cost of USD80.64 per MWh (2018 … Continue reading Sunrise Wind signs wind power purchase agreement with New York

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Ørsted and PGE in discussions regarding offshore wind energy projects in Poland

PGE Polska Grupa Energetyczna S.A. (‘PGE’) has announced that they have decided to commence discussions with Ørsted regarding the sale of a 50% stake in two offshore wind farm projects in the Baltic Sea with a total capacity of up to 2.5GW and the cooperation terms for their development . The subject of discussions will … Continue reading Ørsted and PGE in discussions regarding offshore wind energy projects in Poland

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Agreement for the sale of Race Bank transmission assets

Race Bank Wind Farm Limited, a joint venture owned by Ørsted (50%), Macquarie European Infrastructure Fund 5 (25%), a fund established by Sumitomo Corporation, Sumitomo Mitsui Banking Corporation and Development Bank of Japan (12.5%) and Arjun Infrastructure Partners and Gravis Capital Management (12.5%), announced that it has signed an agreement for the sale of its … Continue reading Agreement for the sale of Race Bank transmission assets

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Final wind turbine installed at Taiwan’s first offshore wind farm

Formosa 1 announced today that the installation of all 20 wind turbines for phase 2 of the project has now been completed. Formosa 1 is the first commercial-scale offshore wind farm in Taiwan and will be able to supply 128,000 households with wind power.  The offshore construction of Formosa 1 Phase 2 started in May … Continue reading Final wind turbine installed at Taiwan’s first offshore wind farm

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Final wind turbine installed on world’s largest offshore wind farm

Ørsted has today announced that the final of 174 wind turbines has been installed at the world’s largest offshore wind farm Hornsea 1. The component loadout took place at Siemens Gamesa Renewable Energy’s factory in Hull, where the majority of blades were constructed, and the components were then transported 120km out to sea.  The wind … Continue reading Final wind turbine installed on world’s largest offshore wind farm

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Ørsted partners with Pict Offshore to develop game-changing technology for offshore wind energy

Ørsted has acquired a 22.5% share in Pict Offshore, the Scottish developer of an innovative technology set to transform the way technicians access offshore wind turbines. The Get Up Safe (GUS) system, developed in partnership between Ørsted and Pict Offshore, is a motion compensated hoist solution that enables technicians to safely transfer between small moving … Continue reading Ørsted partners with Pict Offshore to develop game-changing technology for offshore wind energy

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