178 results found for 'hornsea 1 '

178 results found for 'hornsea 1 '
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  • Aviva Backs Hornsea One with GBP 400 Million

    28 November 2018
    Business & Finance

    The UK-based Aviva Investors has invested GBP 400 million to help fund the construction of Ørsted’s Hornsea Project One offshore wind farm.

  • Offshore Wind Eases DONG’s Financial Pains

    4 February 2016
    Business & Finance

    DONG Energy recorded an operating profit (EBITDA) of DKK 18.5 billion (EUR 2.48 bn) in Fiscal Year 2015, a 13% increase compared to DKK 16.4 bn EBITDA in FY 2014, driven mainly by higher generation from offshore wind and higher levels of offshore wind farm construction activities for co-investors, the company said in its annual report today. […]

  • UK Signs FID Contracts for Five Offshore Wind Projects

    9 June 2014
    Authorities, Business & Finance, Wind Farm Update

    The UK Government has signed eight contracts awarded under the Final Investment Decision (FID) Enabling for Renewables process, including five contracts for offshore wind projects. In April, the Government revealed eight awarded projects, which include offshore wind farms, coal to biomass conversion plants and dedicated biomass plants with combined heat and power. Together, they represent […]

  • DONG Energy Books Esvagt Castor for Hornsea One

    30 October 2017
    Vessels

    DONG Energy has chosen Esvagt’s standby safety vessel Esvagt Castor to assist in establishing the 1.2GW Hornsea One offshore wind farm located off Grimsby in the UK part of North Sea.

  • Nexans Joins Hornsea Two Cable Supply Roster

    19 November 2018
    Contracts & Tenders, Grid Connection, Wind Farm Update

    French cable maker Nexans has won a contract to provide a subsea export cable system for the nearshore section of Ørsted’s 1.4GW Hornsea Project Two offshore wind farm in the UK. The contract is worth over EUR 150 million and will see Nexans supplying 200 kilometres of the 245 kV high voltage alternating current (HVAC) subsea export […]

  • Ørsted Awards Hornsea Three Cable Landing Contract

    24 August 2023
    Contracts & Tenders, Grid Connection

    UK-based AMS Trenchless has been awarded the cable landing works contract on Ørsted’s Hornsea Three offshore wind farm. AMS Trenchless will undertake specialist works at the landfall site at Weybourne, North Norfolk, where the offshore cables meet the onshore cables. Using Horizontal Directional Drilling (HDD), the North Lincolnshire company will install underground cable ducts that […]

  • Greencoat UK Buys Stake in Hornsea One

    16 May 2022
    Contracts & Tenders, Wind Farm Update

    Greeencoat UK Wind has agreed to acquire a net 12.5 per cent stake in the 1.2 GW Hornsea One offshore wind farm from Global Infrastructure Partners (GIP) for a total cash consideration of approximately GBP 400 million (EUR 470 million). The acquisition is expected to complete in the third quarter of 2022 and will be […]

  • VolkerInfra Gets In On Hornsea 2 Action

    18 October 2018
    Contracts & Tenders, Grid Connection, Wind Farm Update

    Lancashire-based VolkerInfra has signed a multi-million-pound contract with Ørsted to install 360 kilometres of high voltage onshore cables for the 1.4GW Hornsea 2 offshore wind farm.

  • Ørsted Divesting Half of Hornsea Two for EUR 3.6 Billion

    28 March 2022
    Business & Finance, Wind Farm Update

    Ørsted has signed an agreement to divest 50 per cent of its 1.3 GW Hornsea Two offshore wind farm in the UK to a consortium comprising AXA IM Alts and Crédit Agricole Assurances for GBP 3 billion (approximately EUR 3.6 billion). The transaction is expected to close in the second half of 2022, once the […]

  • Ørsted Sells Half of Hornsea One

    19 September 2018
    Business & Finance, Wind Farm Update

    Ørsted has signed an agreement to sell 50% of its 1.2GW Hornsea Project One offshore wind farm to Global Infrastructure Partners (GIP).

  • Ørsted Selects NKT Export Cable System for Hornsea 3 Offshore Wind Farm

    31 March 2023
    Contracts & Tenders, Grid Connection, Wind Farm Update

    Ørsted has awarded NKT with a supply contract for the delivery of the high-voltage DC on- and offshore export cable system for the Hornsea 3 wind farm offshore the UK. For NKT, the final order has an estimated contract value of approximately EUR 500 million in market prices. The contract will comprise the design, manufacturing, […]

  • First Power Flows from World’s Biggest Offshore Wind Farm

    20 December 2021
    Wind Farm Update

    Hornsea Two, soon to be the world’s largest offshore wind farm in operation, has generated its first power, Ørsted, the owner and developer of the project, said. 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 […]

  • Prysmian to Deliver Inter-Array Cables for Ørsted’s Hornsea 3 Offshore Wind Farm

    3 July 2023
    Contracts & Tenders, Wind Farm Update

    Prysmian Group has been awarded a contract by Ørsted Wind Power A/S to supply inter-array submarine cables for the 2.9 GW Hornsea 3 offshore wind farm in the UK. Under the contract, subject to Ørsted taking a Final Investment Decision on Hornsea 3, Prysmian Group will be responsible for the design, manufacture, supply, termination, and […]

  • Hellenic Cables to Supply Hornsea Three Inter-Array Links

    23 June 2023
    Contracts & Tenders, Wind Farm Update

    Hellenic Cables has signed a contract with Ørsted for the supply of inter-array cables for the 2.85 GW Hornsea Three offshore wind farm in the UK. The company will deliver some 262 kilometres of cables, which covers approximately 50 per cent of the overall wind farm requirements. Under the contract, the Greek cable manufacturer will […]

  • Ørsted Feels Good Winds

    1 November 2018
    Business & Finance

    Ørsted has achieved an operating profit (EBITDA) of DKK 10.8 billion (EUR 1.45 billion) in the first nine months of 2018, up 14% compared to 9M 2017, mainly due to a 32% increase in operating profits from wind farms in operation.

  • Ørsted Beats 2020 Operating Profit Guidance

    13 January 2021
    Business & Finance

    World’s leading offshore wind developer Ørsted expects an operating profit (EBITDA) of DKK 18 billion (EUR 2.42 billion) for 2020, which is above the latest guidance of DKK 16-17 billion. The increase in earnings is primarily of a temporary nature, Ørsted said. However, the company has also seen strong operational performance throughout the group in […]

  • Dong Closes Onshore Activities to Focus on Offshore

    23 December 2014
    Business & Finance

    DONG Energy has today agreed to divest its shareholding in the Swedish onshore wind farm Storrun and Thursday last week the company divested its shareholding in the Norwegian onshore development company Zephyr. This marks the divestment of DONG Energy’s last onshore wind activities. As regards the 30MW onshore wind farm Storrun in Sweden, which has […]

  • EEW SPC Secures 176-Monopile Order for Coastal Virginia Offshore Wind

    5 November 2021
    Contracts & Tenders, Wind Farm Update

    Rostock-based EEW Special Pipe Constructions GmbH has won a contract to manufacture 176 monopiles for Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. EEW SPC had already delivered two monopiles for the 12 MW CVOW pilot project in April 2020, which were the first monopiles to be installed in US federal waters. Now […]

  • Ørsted Goes Beyond EBITDA Expectations in 2019

    30 January 2020
    Business & Finance

    The 2019 result has exceeded the company’s expectations at the beginning of the year as well as its most recent guidance of DKK 16-17 billion.

  • New Capacity Lifts DONG Energy’s Wind Division

    10 August 2017
    Business & Finance

    DONG Energy has recorded a 32% increase in earnings from operating offshore wind farms in the first half of 2017 as compared to the same period a year earlier.

  • DONG Has Offshore Wind in Its Sails

    29 October 2015
    Business & Finance

    DONG Energy’s earnings were 14% higher in the first nine months of 2015, compared with the same period last year, the company reported today in its interim financial report for 9M 2015. DONG said earnings (EBITDA) were up by 14% in the first nine months from DKK 13.0 billion (approx. EUR 1.7 billion) in 2014 to DKK 14.8 billion (approx. […]

  • UK Government Awards FID Contracts to Five Offshore Wind Projects

    23 April 2014
    Authorities, Business & Finance

    The UK Government today awarded five offshore wind projects with Financial Investment Decision (FID) enabling contracts. The Government today unveiled eight major renewable electricity projects, which are awarded under the Final Investment Decision (FID) Enabling for Renewables process, allocating the first Contracts for Difference (CfDs) that are being introduced through the Electricity Market Reform programme. […]

  • DONG Energy Stays Strong in Q1. Reaffirms 2015 Outlook.

    28 April 2015

    DONG Energy today issued its interim financial report for Q1 2015, saying that the outlook announced in the 2014 annual report is reaffirmed.  The company’s EBITDA was DKK 6.0 billion (around EUR 804 million) in Q1 2015, compared with DKK 6.3 billion (EUR 844 million) in Q1 2014. DONG Energy said that the decline was in line with the outlook announced in […]

  • Aibel and Hitachi Energy to Deliver Hornsea 3 Converter Platforms

    14 July 2022
    Contracts & Tenders, Grid Connection, Wind Farm Update

    Ørsted has awarded the Norwegian offshore service company Aibel, in partnership with Hitachi Energy, with an EPCI contract for two platforms for the Hornsea 3 project in the UK sector of the North Sea. Under the contract, Aibel will be responsible for engineering, procurement, construction, and installation in the delivery of two HVDC converter platforms. […]

  • Ørsted and POSCO Form Offshore Wind and Hydrogen Pact in Korea

    27 May 2021
    Business & Finance, Technology, Wind Farm Update

    Ørsted and POSCO Group, one of the largest conglomerates in Korea, have signed a Memorandum of Understanding (MoU) to strengthen collaboration on offshore wind and renewable hydrogen in Korea. 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 of Incheon […]

  • Ørsted’s Net Profit Up 186 Per Cent in H1 2021

    12 August 2021
    Business & Finance

    World’s leading offshore wind developer Ørsted recorded a DKK 7.142 billion (EUR 960 million) net profit in the first half of 2021, a 186 per cent increase compared to DKK 2.493 billion net profit recorded in the first half of 2020. The company’s operating profit (EBITDA) for the first half year amounted to DKK 13.1 […]