Tag Archives: Ørsted

Ørsted accelerates growth to realise its full potential as a global wind energy major

In connection with the company’s Capital Markets Day, the Board of Directors today approved Ørsted’s new strategic ambition and financial guidance. Over the past decade, Ørsted has built a global market-leading position in renewable energy with a total of 12 GW of installed renewable capacity. Looking ahead, the global build-out of renewable energy is expected … Continue reading Ørsted accelerates growth to realise its full potential as a global wind energy major

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Ørsted completed the divestment of 50 % of the Borssele 1 & 2 Offshore Wind Farm in the Netherlands

Further to the announcement issued on 7 April 2021, Ørsted has today completed the divestment of 50 % of the Borssele 1 & 2 Offshore Wind Farm in the Netherlands to Norges Bank Investment Management. Ørsted will also provide NBIM with balancing services and a long-term route to market for the renewable electricity generated by Borssele … Continue reading Ørsted completed the divestment of 50 % of the Borssele 1 & 2 Offshore Wind Farm in the Netherlands

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Ørsted and HOFOR enters into agreement on green power for groundbreaking hydrogen project

Today, Ørsted and HOFOR (Greater Copenhagen Utility) entered into an agreement that will secure green power for part of the potential 1.3 GW Green Fuels for Denmark project to produce sustainable fuels in the Greater Copenhagen area. Avedøre Power Station, where the power from Aflandshage can be brought onshore. As part of the agreement, Ørsted and … Continue reading Ørsted and HOFOR enters into agreement on green power for groundbreaking hydrogen project

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Ørsted and POSCO sign MoU to strengthen collaboration on offshore wind energy and renewable hydrogen in Korea

Ørsted, the world’s most sustainable energy company, and POSCO Group, one of the largest conglomerates in Korea, today announced the signing of a Memorandum of Understanding (MoU) to expand their relationship. 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 … Continue reading Ørsted and POSCO sign MoU to strengthen collaboration on offshore wind energy and renewable hydrogen in Korea

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Ørsted, JWD, and Eurus form offshore wind energy partnership in Akita

Ørsted, Japan Wind Development Co. (JWD) and Eurus Energy have formed a partnership with the aim of jointly developing offshore wind projects in the Akita Prefecture. The three companies have been developing two designated offshore wind sites under Japan’s Offshore Renewable Energy Act of 2018, both of which are located off the coast of Akita: … Continue reading Ørsted, JWD, and Eurus form offshore wind energy partnership in Akita

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Ørsted breaks ground on first renewable hydrogen project

Today, Dan Jørgensen, the Danish minister for Climate, Energy & Utilities, led the groundbreaking ceremony of the H2RES project, marking the onsite construction start of Ørsted’s first renewable hydrogen project. H2RES will have a capacity of 2 MW and will be situated on Ørsted’s premises on Avedøre Holme in Copenhagen. The project will investigate how … Continue reading Ørsted breaks ground on first renewable hydrogen project

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PGE and Ørsted have closed the joint venture agreement for Polish offshore wind energy projects

With the closing of the agreement, which was first announced on 10 February 2021, PGE and Ørsted now each own 50% of the shares in the offshore wind projects Baltica 2 and Baltica 3, together comprising the Baltica Offshore Wind Farm, the largest offshore wind project in the Polish part of the Baltic Sea. The … Continue reading PGE and Ørsted have closed the joint venture agreement for Polish offshore wind energy projects

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Ørsted completes Permian Energy Center

The company’s first utility-scale solar plus battery storage project of 460MWAC reaches commercial operation, making Ørsted the first developer to operate the full spectrum of new renewable technologies at utility scale in the US. Ørsted has completed its Permian Energy Center project, a 460 MWAC hybrid solar and battery storage facility located in Andrews County, … Continue reading Ørsted completes Permian Energy Center

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Ørsted and Eesti to build 1-2 GW Baltic offshore wind power plant

Eesti Energia’s renewable subsidiary Enefit Green and Danish offshore wind developer Ørsted have signed an agreement which outlines a vision for the development of an offshore wind farm in the Gulf of Riga. Eesti Energia and Ørsted wish to create a joint company in the development of wind energy in the Baltic Sea. The plan also … Continue reading Ørsted and Eesti to build 1-2 GW Baltic offshore wind power plant

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Ørsted acquires Ireland and UK onshore wind power platform from Brookfield Renewable

Ørsted has entered into an agreement with Brookfield Renewable, a global owner and operator of renewable power assets, to acquire a 100 % equity interest in its existing Ireland and UK onshore wind business, Brookfield Renewable Ireland (BRI). The agreement is based on an enterprise valuation of BRI of EUR 571 million as of 31 December … Continue reading Ørsted acquires Ireland and UK onshore wind power platform from Brookfield Renewable

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Ørsted completes divestment of 25% of Ocean Wind Offshore Wind Farm

Further to our company announcement issued on 4 December 2020, Ørsted has now completed the divestment of 25% of the Ocean Wind Offshore Wind Farm to New Jersey’s Public Service Enterprise Group (PSEG). The information provided in this announcement does not change Ørsted’s previous financial guidance for the financial year of 2021 or the announced expected … Continue reading Ørsted completes divestment of 25% of Ocean Wind Offshore Wind Farm

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Poland awards Contract for Difference to the Baltica offshore wind power plants

The Polish Energy Regulatory Office has awarded a Contract for Difference to the Baltica 3 and Baltica 2 offshore wind farms with a total capacity of up to 2.5 GW. Baltica 3 and 2 will contribute significantly to Poland’s green energy transition, accelerate the development of the local supply chain and spur economic activity for … Continue reading Poland awards Contract for Difference to the Baltica offshore wind power plants

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Ørsted has signed an agreement with NBIM, who will be acquiring a 50 % ownership share of Ørsted’s 752 MW Borssele 1 & 2 Offshore Wind Farm

Ørsted has signed an agreement with Norges Bank Investment Management (NBIM), who will be acquiring a 50 % ownership share of Ørsted’s 752 MW Borssele 1 & 2 Offshore Wind Farm, which was commissioned in the fourth quarter of 2020 and generates green power to the equivalent of one million households’ annual power consumption in the Netherlands. … Continue reading Ørsted has signed an agreement with NBIM, who will be acquiring a 50 % ownership share of Ørsted’s 752 MW Borssele 1 & 2 Offshore Wind Farm

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Ørsted to develop one of the world’s largest renewable hydrogen plants to be linked to industrial demand in the Netherlands and Belgium

‘SeaH2Land’ is an ambitious vision, linking GW-scale electrolysis to the large industrial demand in the Dutch-Flemish North Sea Port cluster through an envisaged regional cross-border pipeline. The green electricity required to produce the renewable hydrogen is proposed to come from the build-out of additional large-scale offshore wind. The major industrial companies in the region ArcelorMittal, … Continue reading Ørsted to develop one of the world’s largest renewable hydrogen plants to be linked to industrial demand in the Netherlands and Belgium

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Ørsted commences construction of largest onshore wind power project

Ørsted announces final investment decision on the combined wind and solar PV project Helena Energy Center in South Texas and integrates the US trading team into the Onshore business. Ørsted has taken a final investment decision on its largest onshore project to date, the 518 MW hybrid wind and solar PV project, Helena Energy Center, … Continue reading Ørsted commences construction of largest onshore wind power project

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Ørsted signs a PPA wind power agreement with Nucor

Nucor will purchase energy from the Western Trail onshore wind farm, currently under construction and expected to be operational later this year. Nucor, a steel manufacturer, has signed a long-term agreement to purchase energy from the 367 MW wind farm in Texas. “Western Trail will utilise Nucor steel, demonstrating our ability to develop multilateral supply … Continue reading Ørsted signs a PPA wind power agreement with Nucor

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Ørsted kicks off offshore installation of Greater Changhua 1 & 2a Offshore Wind Farms

With all the permits and EIA approvals in place, Global offshore wind leader Ørsted is moving full speed ahead with full-scale offshore construction activities of the 900 MW Greater Changhua 1 & 2a Offshore Wind Farms. Ørsted will begin laying export and array cables and installing the offshore substations and foundations in 2021 and will … Continue reading Ørsted kicks off offshore installation of Greater Changhua 1 & 2a Offshore Wind Farms

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Danfoss and Ørsted sign wind power PPA

Two of Denmark’s largest companies, Danfoss and Ørsted, have signed a corporate power purchase agreement for 27 MW of the capacity of Horns Rev 2 Offshore Wind Farm. Danfoss, a world-leading industrial manufacturer of energy efficient solutions, has signed a 10-year fixed price corporate power purchase agreement (CPPA) with Ørsted to offtake the renewable electricity … Continue reading Danfoss and Ørsted sign wind power PPA

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Ørsted signs wind energy PPA with Target and Hormel Foods Corporation

Energy will come from the Haystack Wind Power project in Nebraska, US, currently under construction and expected online later this year. In addition to PepsiCo, announced earlier this year, Target, a general merchandise retailer, and Hormel Foods, a global branded food company, have signed long-term agreements with Ørsted to purchase energy from the 298 MW … Continue reading Ørsted signs wind energy PPA with Target and Hormel Foods Corporation

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Ørsted and PGE form 50-50 joint venture on Baltica 2 and 3 wind power plants

Ørsted and PGE Polska Grupa Energetyczna S.A. (‘PGE’) have signed an agreement to form a 50/50 joint venture for the development, construction and operation of two offshore wind projects in the Baltic Sea with a total potential capacity of up to 2.5 GW. Ørsted will subscribe for new shares representing 50% of the total share … Continue reading Ørsted and PGE form 50-50 joint venture on Baltica 2 and 3 wind power plants

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