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
Continue readingØrsted 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
Continue readingØrsted 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
Continue readingEIB 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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REWE Group and Ørsted sign long-term power purchase agreement for future German offshore wind farm
REWE Group, one of Germany’s leading food retailers, has signed a 10-year power purchase agreement with Ørsted to procure 100 MW of green electricity from Ørsted’s Borkum Riffgrund 3 offshore wind farm which is set to become operational in 2025. Having procured electricity from renewable energy sources since 2008, the agreement with Ørsted represents REWE … Continue reading REWE Group and Ørsted sign long-term power purchase agreement for future German offshore wind farm
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Ørsted and T&T sign MoU on strategic collaboration for offshore wind projects in Vietnam
The collaboration between Ørsted and T&T brings together a multi-GW pipeline of greenfield offshore wind projects located off the coasts of the Binh Thuan and Ninh Thuan provinces. Mrs. Nguyen Thi Thanh Binh, Deputy General Director of T&T Group and Mr. Martin Neubert, COO & Deputy Group CEO of Ørsted, signed the Memorandum of Understanding … Continue reading Ørsted and T&T sign MoU on strategic collaboration for offshore wind projects in Vietnam
Continue readingWorld-leading experts in artificial island construction will support Ørsted and ATP in bid for the North Sea energy island
Ørsted, the global leader in offshore wind, and ATP, Denmark’s largest institutional investor, are bringing in three world-leading industrial construction experts to support Ørsted and ATP’s bid for the North Sea energy island. The Danish North Sea energy island is a bold and visionary ambition for developing renewable energy at an unprecedented scale and a … Continue reading World-leading experts in artificial island construction will support Ørsted and ATP in bid for the North Sea energy island
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EU OYSTER Consortium chooses Grimsby for innovative hydrogen project
Grimsby has been chosen as the location for an innovative “marinised” electrolyser project for renewable hydrogen production. The Fuel Cells and Hydrogen Joint Undertaking (FCH JU) funded OYSTER project will develop and demonstrate an electrolyser system designed to be integrated with offshore wind turbines. The project will also investigate the potential of using pipelines to … Continue reading EU OYSTER Consortium chooses Grimsby for innovative hydrogen project
Continue readingØrsted signs monopile foundation contracts for offshore wind projects
Following an EU tender, Ørsted has signed strategic volume contracts with Bladt Industries and Steelwind Nordenham who will be supplying monopile foundations for Ørsted’s German offshore wind farms Gode Wind 3 (242 MW) and Borkum Riffgrund 3 (900 MW). Photo from Borkum Riffgrund 2 which came into operation in 2018. The two suppliers will be … Continue reading Ørsted signs monopile foundation contracts for offshore wind projects
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Significant US offshore wind energy capacity awarded
Today, Ørsted’s Board of Directors approved the interim report for the first half year of 2021. Our operating profit (EBITDA) for the first half year amounted to DKK 13.1 billion, a DKK 3.3 billion increase compared to the same period last year. The increase was driven by a gain of DKK 5.4 billion from the … Continue reading Significant US offshore wind energy capacity awarded
Continue readingØrsted lights up wind turbines in rainbow colours
From Thursday, 12 August to Sunday, 22 August, the three wind turbines at Avedøre Power Station in Copenhagen, Denmark will be lit up in rainbow colours. The occasion is Copenhagen 2021 – WorldPride and EuroGames where the energy company is an official partner aiming to promote diversity and inclusion. Two of the three wind turbines … Continue reading Ørsted lights up wind turbines in rainbow colours
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Ørsted signs power purchase agreement with the Microsoft Corporation
Ørsted and Microsoft Corporation have entered into an agreement for Microsoft to purchase energy from Old 300 Solar Center in Fort Bend County, Texas. Per the terms of Ørsted’s agreement, Microsoft will buy power from Ørsted’s 430 MWAC solar energy center Old 300 in Fort Bend County, Texas, which is expected to come online in … Continue reading Ørsted signs power purchase agreement with the Microsoft Corporation
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Ørsted completes largest onshore wind power project to date
The 130-wind turbine project strengthens Ørsted’s Texas asset base as it continues to scale the business. Ørsted has completed the 367 MW Western Trail Wind Farm located in Wilbarger and Baylor counties, Texas – its largest onshore wind project to date that brings Ørsted’s total onshore capacity to over 2.8 GW of wind, solar, and battery storage … Continue reading Ørsted completes largest onshore wind power project to date
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Ørsted announces partnership with Falck Renewables and BlueFloat Energy to unlock floating wind energy in Scotland
Ørsted, the world leader in offshore wind power, today announces a partnership with onshore wind community engagement pioneer Falck Renewables and floating wind expert BlueFloat Energy, to participate in the upcoming ScotWind leasing round. The consortium is set to apply for seabed leases in sites which lend themselves to the deployment of large-scale floating wind … Continue reading Ørsted announces partnership with Falck Renewables and BlueFloat Energy to unlock floating wind energy in Scotland
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Vestas to supply 29 MW of wind power in Ireland for Ørsted
Vestas has secured a 29 MW order from Ørsted for the Lisheen 3 wind farm in County Tipperary, Ireland. The order includes the supply, installation and maintenance of eight V136-3.45 MW wind turbines in 3.6 MW operating mode. It will be the third phase of the Vestas-supplied wind farms at the project location, following the … Continue reading Vestas to supply 29 MW of wind power in Ireland for Ørsted
Continue readingØrsted awarded 1,148 MW offshore wind energy contract in New Jersey
The New Jersey Board of Public Utilities (BPU) has issued an order awarding Ocean Wind 2 a 20-year OREC (Offshore Renewable Energy Certificate) for its proposed offshore wind farm with a capacity of 1,148 MW. With today’s award, the Ocean Wind lease will be utilized to its maximum capacity of approx 2.3 GW. The 2029 … Continue reading Ørsted awarded 1,148 MW offshore wind energy contract in New Jersey
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