Following a competitive divestment process, Ørsted has signed an exclusivity agreement with Cathay Life Insurance today, selecting the Taiwanese leading insurance company and its affiliate as preferred bidder for the acquisition of a 50 % ownership stake in total of Ørsted’s 583 MW Greater Changhua 4 Offshore Wind Farm in Taiwan. Ørsted and Cathay Life … Continue reading Ørsted has selected Cathay Life Insurance as preferred bidder for 50 % ownership share in Greater Changhua 4
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Ørsted extends partnership with Glennmont Partners from Nuveen through divestment of 50 % stake of Gode Wind 3 in Germany
Ørsted has signed an agreement to divest 50% of the Gode Wind 3 Offshore Wind Farm in Germany to funds managed by Glennmont Partners from Nuveen (“Glennmont”). Glennmont is one of Europe’s largest fund managers, focused exclusively on investments in clean energy infrastructure. It is owned by Nuveen, a TIAA company and global asset manager … Continue reading Ørsted extends partnership with Glennmont Partners from Nuveen through divestment of 50 % stake of Gode Wind 3 in Germany
Continue readingØrsted and UC Berkeley’s Haas School of Business team up to advance people-positive renewable energy build-out
Ørsted, one of the world’s leading renewable energy companies, and Haas School of Business at the University of California, Berkeley, have entered a multi-year partnership to advance the positive social impact of renewable energy projects. Ørsted and UC Berkeley’s Haas School of Business will bring together community organisations, policymakers, and industry experts to lay the … Continue reading Ørsted and UC Berkeley’s Haas School of Business team up to advance people-positive renewable energy build-out
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Ørsted completes 200 MW wind farm in Kansas
Ørsted has started operations at Sunflower Wind, an onshore wind farm located in Marion County, Kansas, the US. Sunflower Wind will be Ørsted’s 13th operational wind farm in the United States, with a capacity to power more than 70,000 homes. In addition to providing affordable, renewable energy, Sunflower Wind will provide economic benefits to its … Continue reading Ørsted completes 200 MW wind farm in Kansas
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Ørsted secures solar and wind energy contracts under Irish RESS 3 auction
Ørsted has secured two contracts in the Irish Government’s third onshore Renewable Electricity Support Scheme (RESS 3) auction. The approved Ørsted projects were the 81 MW Garreenleen Solar Farm in Carlow, and the 43.2 MW Farranrory Onshore Wind Farm in Tipperary. Commenting on the provisional results of the RESS 3 auction, Kieran?White, Senior Vice President … Continue reading Ørsted secures solar and wind energy contracts under Irish RESS 3 auction
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Ørsted and Terra Solar team up to develop 400 MW portfolio of solar energy in Ireland
Ørsted has announced the development of a portfolio of Irish solar projects in a partnership with renewable energy developer Terra Solar, headquartered at NovaUCD in Dublin. With a capacity of up to 400 MW, the projects have the potential to power over 90,000 Irish homes. This latest partnership brings further momentum to Ørsted’s solar pipeline … Continue reading Ørsted and Terra Solar team up to develop 400 MW portfolio of solar energy in Ireland
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Ørsted enters its first UK solar project
Ørsted has entered its first solar project in the UK. One Earth Solar Farm is a proposed 740 MW solar farm with associated battery storage, that will primarily be located in Nottinghamshire near the border of Lincolnshire and is being co-developed with PS Renewables. Once operational, the 740 MW solar farm will generate enough clean, … Continue reading Ørsted enters its first UK solar project
Continue readingØrsted announces anticipated impairments on its US portfolio
As part of the continued maturation and a pre-final investment decision (FID) review of its near-term US offshore development projects, Ørsted has assessed the aggregate adverse impacts relating to the supply chain, lack of favorable progress in Investment Tax Credit (ITC) guidance, and increased interest rates, which affect its US portfolio. The Ocean Wind 1, … Continue reading Ørsted announces anticipated impairments on its US portfolio
Continue readingØrsted completes divestment of 25 % of London Array Offshore Wind Farm
Further to the press release issued on 24 July 2023, Ørsted has completed the divestment of 25 % of the London Array Offshore Wind Farm to funds managed by Schroders Greencoat. Ørsted has signed an agreement with funds managed by Schroders Greencoat, a global specialist asset manager focusing on renewable energy infrastructure assets, to divest … Continue reading Ørsted completes divestment of 25 % of London Array Offshore Wind Farm
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Ørsted’s Board of Directors approved the interim report for the first half year of 2023
Operating profit (EBITDA) for the first half year was in line with our expectations and amounted to DKK 10.2 billion. Earnings from offshore sites amounted to DKK 9.0 billion, which was DKK 3.3 billion higher than in the same period last year. Net profit amounted to DKK 2.7 billion, and return on capital employed (ROCE) came … Continue reading Ørsted’s Board of Directors approved the interim report for the first half year of 2023
Continue readingØrsted divests its remaining 25 % share of London Array to funds managed by Schroders Greencoat
Ørsted has signed an agreement with funds managed by Schroders Greencoat, a global specialist asset manager focusing on renewable energy infrastructure assets, to divest its remaining 25 % minority interest in the London Array Offshore Wind Farm in the UK. The total value of the transaction is GBP 717 million (DKK 6.17 billion). London Array … Continue reading Ørsted divests its remaining 25 % share of London Array to funds managed by Schroders Greencoat
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Agreement on the sale of Hornsea 2 transmission assets
Breesea Limited, Soundmark Wind Limited, and Sonningmay Wind Limited, a joint venture owned by Ørsted (50 %) and AXA IM Alts and Crédit Agricole Assurances (CAA) (jointly 50 %), today announced that they have signed an agreement on the sale of their transmission assets to Diamond Transmission Partners Hornsea Two Limited (‘DTP’).DTP is a partnership … Continue reading Agreement on the sale of Hornsea 2 transmission assets
Continue readingACP Statement on Ocean Wind 1 Project Approval
The American Clean Power Association (ACP) released the following statement today from Josh Kaplowitz, Vice President for Offshore Wind, after U.S. Secretary of the Interior Deb Haaland announced final approval from the Bureau of Offshore Energy Management (BOEM) of Ørsted’s proposed Ocean Wind 1 project offshore of New Jersey. “Today’s announcement is a major step … Continue reading ACP Statement on Ocean Wind 1 Project Approval
Continue readingUS approves construction for Ørsted offshore wind power project off New Jersey
The Biden administration on Wednesday approved construction of an offshore windfarm that will generate 1,100 megawatts of power from up to 98 turbines off the coast of Atlantic City, New Jersey, becoming the third such project in the United States. Approval of Orsted’s (ORSTED.CO) Ocean Wind by the Interior Department is the administration’s latest move … Continue reading US approves construction for Ørsted offshore wind power project off New Jersey
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Ørsted and ESVAGT sign second contract for methanol-powered vessel
In 2024, the world’s first green fuels vessel for offshore wind operations will launch off the UK East Coast, as the result of a ground-breaking agreement between Ørsted and ESVAGT. Now the two companies are expanding their partnership on green offshore operations by signing an agreement for a second green service operation vessel. Ørsted and … Continue reading Ørsted and ESVAGT sign second contract for methanol-powered vessel
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Ørsted invents and patents uncrewed surface measuring vessel
Ørsted, the world’s leading developer of offshore wind farms, has designed and developed the first uncrewed surface vessel (USV) in the industry for offshore met-ocean measurement campaigns. The measurement data will help lower uncertainties in the expected annual energy production for new offshore wind farms. Ørsted, who has patented the USV concept, sees enormous potential … Continue reading Ørsted invents and patents uncrewed surface measuring vessel
Continue readingRepsol, Ørsted and Puerto de A Coruña support floating offshore wind power
The objective is to facilitate the development, construction, operation and maintenance of future floating offshore wind projects.Repsol, Ørsted and the A Coruña Port Authority have signed an agreement to support floating offshore wind power. The objective is to facilitate the development, construction, operation and maintenance of future offshore-floating wind projects. With this agreement, an important … Continue reading Repsol, Ørsted and Puerto de A Coruña support floating offshore wind power
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Ørsted and WWF embark on marine restoration project in the Danish North Sea to contribute to ocean biodiversity
The marine restoration project ‘BioReef’ aims to establish one or more biogenic reefs of European flat oysters and horse mussels in Danish waters. The project is part of the global partnership between Ørsted and WWF to advance offshore wind with a net-positive impact on the ocean. Over the last century, there has been a drastic … Continue reading Ørsted and WWF embark on marine restoration project in the Danish North Sea to contribute to ocean biodiversity
Continue readingØrsted issues blue bonds, vows to recycle solar panels, wind turbines
On World Ocean Day, Ørsted has become the first energy company in the world to issue blue bonds. The five-year, EUR 100 million blue bond was issued in a private placement format in accordance with the IFC Blue Finance Guidelines. Net proceeds from the issuance will be allocated to investments in offshore biodiversity, in line … Continue reading Ørsted issues blue bonds, vows to recycle solar panels, wind turbines
Continue readingØrsted confirms its ambition of ~50 GW of wind and solar by 2030
Ørsted will host a Capital Markets Day (CMD) on 8 June 2023 to present recent progress and strategic updates on its ambition to become the world’s leading green energy major. Ørsted is committed to the following ambitions, financial targets, and financial policies for 2023-2030: Ørsted expects to outperform EBITDA and ROCE targets set in 2021Ørsted has … Continue reading Ørsted confirms its ambition of ~50 GW of wind and solar by 2030
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