671 results found for 'hornsea one'

671 results found for 'hornsea one'
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  • Marine Energy Event: “Marine Energy Is Not a Niche Market”

    16 October 2017

    Marine Energy Event, held on October 11, 2017, as part of Offshore Energy Exhibition & Conference (OEEC) 2017 in Amsterdam, gathered a great number of industry experts who discussed the latest in marine energy with a focus on conditions for commercial success which was also the topic of this year’s event.

  • Ørsted Doubles Offshore Wind Earnings in 2023

    7 February 2024
    Business & Finance

    World’s leading offshore wind developer Ørsted has reported an operating profit (EBITDA) of DKK 18.7 billion (about EUR 2.5 billion) for 2023 and expects this year’s operating profit to be between DKK 23 billion and DKK 26 billion (approximately EUR 3 billion and EUR 3.4 billion). This is according to Ørsted’s 2023 annual results, which […]

  • UK: Carbon Trust to Issue Warning to Offshore Wind Industry

    12 June 2013

    Carbon Trust will today issue a warning to the offshore wind industry that important new innovations to slash the cost of offshore wind power are at risk of remaining on the drawing board as the UK currently has nowhere to demonstrate new lower-cost foundations with more powerful offshore wind turbines. The issue has become so […]

  • Clarkson Port Services Completes DHSS Acquisition

    7 February 2023
    Contracts & Tenders

    Clarkson PLC (Clarksons), through its wholly-owned subsidiary Clarkson Port Services, has completed the acquisition of the Netherlands-based DHSS, a leading provider of integrated logistics to the offshore renewable industry. The acquisition of DHSS will provide a step change in Clarkson Port Services’ offering, delivering added value to existing clients and presenting enhanced growth opportunities through […]

  • Ørsted Anticipates ‘Significantly Higher’ Offshore Earnings in 2023; Plans EUR 7 Billion in Gross Investments

    1 February 2023
    Business & Finance

    Ørsted reported an EBITDA of DKK 21.1 billion (approximately EUR 2.84 billion) for 2022 and expects this year’s operating profit to be in the similar range, between DKK 20 billion and DKK 23 billion (approx. EUR 2.67 billion and EUR 3.09 billion). For its offshore business, the developer anticipates 2023 earnings to be “significantly higher”. […]

  • Offshore Wind Investments to Reach USD 810 Billion by 2030 – Rystad Energy

    30 April 2021
    Business & Finance

    With the global installed offshore wind capacity expected to exceed 250 GW by 2030, the combined capital and operational expenditure (capex and opex) for the decade is set to reach USD 810 billion (approx. EUR 670.2 billion), signaling an increasing shift of investments from oil and gas to renewable energy technologies, according to a report […]

  • Contract Signed for Norway’s First Commercial Offshore Wind Farm

    19 April 2024
    Authorities, Business & Finance, Planning & Permitting, Project Updates, Wind Farm Update

    The government of Norway has signed a two-way Contract for Difference (CfD) related to the offshore wind farm project in the Sørlige Nordsjø II zone with Ventyr Energi, the winner of the recently held auction. Ventyr Energi, a consortium of Parkwind and Ingka Investments, won the rights to develop the wind farm project at the […]

  • UK: Offshore Wind to Reduce Costs by 30 Pct Over Next 7 Years, Says Report

    13 June 2012

    A new report launched today by the industry-led Offshore Wind Cost Reduction Task Force shows that the UK is on course to reduce the cost of electricity from offshore wind substantially over the next seven years. The report builds on detailed evidence in a study by The Crown Estate, also published today, to show how […]

  • Offshore ReWIND: The Most Read News in the First Half of 2017

    21 July 2017
    Business & Finance, Grid Connection, Technology, Vessels

    To remind you of just how interesting the first half of 2017 was, the Offshore WIND editorial staff compiled a list of the most read articles published during first six months of this year. Even though the industry has been notably active since the beginning of July as well, our team has decided to set the time parameter to end with 30 June and thus provide a new overview in addition to our annual Offshore ReWIND.

  • Swiss-Norwegian Partnership Targets Floating Offshore Wind Foundations

    11 October 2022
    Business & Finance, Industry, Technology

    Swiss construction company Implenia and Norway’s WindWorks Jelsa (WWJ) have signed a Memorandum of Understanding (MoU) to jointly offer the production of concrete structures and general services to the floating offshore wind industry in Jelsa, on the Norwegian west coast. Implenia and WindWorks Jelsa said the partners plan to establish an effective large-scale base for […]

  • 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 […]

  • Two Offshore Wind-to-Hydrogen Projects Withdraw from UK’s First Electrolytic Allocation Round

    18 August 2023
    Authorities, Business & Finance, Contracts & Tenders, Floating Wind, Power-to-X

    An Ørsted-Phillips 66 partnership and ERM have withdrawn their Gigastack and Dolphyn projects, respectively, from the UK’s first electrolytic allocation round (HAR1). While ERM has made the move as it aims at securing alternative funding for a phased multi-unit larger development, Ørsted and Phillips 66 have now halted their Gigastack project. Both projects involve producing […]

  • Mitsui Buys Stake in Mainstream, Company Valued at EUR 2.1 Billion

    24 March 2022
    Business & Finance

    Mitsui & Co., Ltd., part of Japan’s Mitsui Group, has agreed to invest EUR 575 million in Mainstream Renewable Power in the form of new common shares, corresponding to a 27.5 percent equity stake in the global renewable energy company. Mitsui will take a long-term active role in the growth of Mainstream, alongside Aker Horizons, […]

  • Offshore Wind Accounts for 45 Pct of NKT’s High-Voltage Order Backlog

    21 February 2024
    Business & Finance, Cables, Grid Connection, Manufacturing, Supply Chain

    Subsea power cable manufacturer NKT has reported a record-high order backlog for high-voltage cables for 2023, with 45 per cent of orders coming from offshore wind. At the end of last year, NKT’s order backlog was at EUR 10.8 billion, more than double the company saw at the end of 2022. In its full-year 2023 […]

  • UK: REF Responds to DECC on Offshore Wind Farms’ Costs

    6 February 2013
    Authorities

    Renewable Energy Foundation (REF) has responded to the Department of Energy & Climate Change (DECC) by writing a letter to Rt Hon Ed Davey, Secretary of State for Energy & Climate Change, after the news published a few days ago, where DECC was quoted as saying that REF’s figures regarding the future subsidy income for the […]

  • Floating LiDAR Deployed in Utsira Nord Area to Support Norwegian Offshore Wind Development

    4 July 2023
    Business development, Research & Development

    TGS has announced the deployment of the “first-ever” LiDAR buoy measurement campaign to support Norwegian offshore wind development. This represents the first industry-led investment and installation toward making large-scale Norwegian offshore wind a reality, said TGS. The buoy has been deployed in the Utsira Nord zone. Throughout the 12-month campaign, it will conduct wind, metocean, […]

  • Ørsted and Esvagt Investing in ‘World’s First’ Green Fuel Service Operation Vessel

    8 April 2022
    Operations & Maintenance, Ports & Logistics, Technology, Vessels

    Ørsted and Esvagt have decided to invest in what the companies describe as the world’s first service operation vessel (SOV) that can operate on green fuels. The SOV will be powered by batteries and dual-fuel engines, capable of sailing on renewable e-methanol, produced from wind energy and biogenic carbon, which will lead to a yearly […]

  • UK: Winners of Humber Renewables Awards 2012

    13 March 2012

    EVER since Siemens announced its intention to build a £230 million wind turbine factory in Hull in December 2010, the region has been waking up to the wealth of opportunities that the renewables industry will offer. But renewables is about so much more than wind power alone, and many companies have already started devising new […]

  • THE FOUNDATIONS OF THE INDUSTRY: The next generation

    6 October 2015

    The offshore wind industry is not really doing anything exceptional when it comes down to the basics. Wind turbine generators, WTGs, have been around onshore since one of the first electricity-generating wind turbines was built to power a holiday home in 1887 in Marykirk, Scotland. Offshore platforms were built in the early 20th century for […]

  • UK Competition Winners Get Funds to Kick-Start North Sea Oil & Gas Electrification

    7 December 2021
    Environment, Technology

    UK’s petroleum regulator, the Oil and Gas Authority (OGA), has selected three winners for its £1 million offshore electrification competition, aiming to advance oil and gas electrification plans as part of the UK’s decarbonisation efforts. Three winners are sharing a £1 million, or about $1.3 million, prize for ideas that could help cut greenhouse gas […]

  • Hornsea Project One

    30 May 2017