2023 results found for 'Ørsted'

2023 results found for 'Ørsted'
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  • Norwegian Joint Venture Sets Sight on Mass Producing Floating Wind Foundations

    29 February 2024
    Collaboration, Floating Wind, Outlook & Strategy

    Norway’s Odfjell Oceanwind and its compatriot Prodtex have set up a joint venture, named Windsteel Technologies, to establish the production capacity necessary to meet the need for hundreds of floating wind foundations per year in Europe. The joint venture is planning to have its first facility operational by 2027. According to Odfjel Oceanwind, the joint […]

  • US Energy Company Braces for USD 1.6 Billion Offshore Wind Impairment Charge

    9 January 2024
    Business & Finance, Collaboration, Fixed-Bottom, Industry, Market Outlooks, Outlook & Strategy, Project Updates, Supply Chain

    Eversource Energy expects to record an impairment charge of between USD 1.4 billion and USD 1.6 billion related to three offshore wind projects in the United States the company owns in partnership with Ørsted. The New England utility is currently in the process of divesting its 50 per cent ownership interest in three offshore wind […]

  • Fred. Olsen Windcarrier to Install Baltica 2 Offshore Wind Turbines

    3 January 2024
    Contracts & Tenders, Fixed-Bottom, Project Updates, Supply Chain, Vessels, Wind Farm Update

    The joint venture between Ørsted and PGE has awarded Fred. Olsen Windcarrier a contract for the installation of wind turbines at the Baltica 2 offshore wind farm in Poland. “Installation of wind turbines for Baltica 2 has been divided into two stages, and a contractor for each stage is selected in a separate tender procedure. The […]

  • New Jersey Kicks Off Work on Second Offshore Wind Transmission Tender

    6 February 2024
    Authorities, Contracts & Tenders, Fixed-Bottom, Grid Connection, Planning & Permitting, Supply Chain

    The US regional transmission company PJM Interconnection and the New Jersey Board of Public Utilities (NJBPU) have signed an agreement that opens the path towards New Jersey’s second offshore wind transmission tender. The agreement was filed with the Federal Energy Regulatory Commission (FERC) on 2 February. PJM and NJBPU’s new collaboration is the next phase of […]

  • Ørsted Greenlights 2.9 GW Hornsea 3 Offshore Wind Farm

    21 December 2023
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Ørsted has taken the final investment decision (FID) on what the company says is the world’s single largest offshore wind farm, the 2.9 GW Hornsea 3, which is expected to be completed around the end of 2027. In July 2022, Ørsted was awarded a contract for difference (CfD) for Hornsea 3 at an inflation-indexed strike price of […]

  • BP and Equinor Terminate Empire Wind 2 Offtake Agreement, Await ‘New Offtake Opportunities’

    4 January 2024
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    The US joint venture between BP and Equinor has agreed with the New York State Energy Research and Development Authority (NYSERDA) to terminate the Offshore Wind Renewable Energy Certificate (OREC) agreement for the 1,260 MW Empire Wind 2 offshore wind project that recently obtained federal approval. The move comes after the joint venture, and two […]

  • Offshore Wind: Both Challenges and Enormous Opportunities Lie Ahead

    8 January 2024
    Authorities, Business & Finance, Environment, Fixed-Bottom, Floating Wind, Industry, Innovation, Market Outlooks, Outlook & Strategy, Planning & Permitting, Power-to-X, R&D, Supply Chain, Transition

    The offshore wind industry has faced significant headwinds in the past couple of years, with most of the negative effects tracing their origin back to the start of the COVID-19 pandemic and the geopolitical turmoil caused by Russia’s aggression against Ukraine. This has led to supply chain instability and cost inflation which has resulted in […]

  • Ten Most Read News on OffshoreWIND.biz in 2023

    1 January 2024
    Business & Finance, Contracts & Tenders, Fixed-Bottom, Industry, Operations & Maintenance, Planning & Permitting, Project Updates, Supply Chain, Technology, Wind Farm Update, Wind Turbines

    Updates on wind turbine technology and new offshore wind projects, including those facing major challenges, marked 2023 on offshoreWIND.biz. In the article below, we have compiled our ten most-read news last year, together with some of their related updates and stories. In February 2023, Vestas revealed plans to scale up a new chemical process that […]

  • First German Zero-Subsidy Offshore Wind Farm Starts Taking Shape

    13 December 2023
    Fixed-Bottom, Project Updates, Wind Farm Update

    Offshore installation work has started at the 913 MW Borkum Riffgrund 3, the first subsidy-free offshore wind farm in Germany to reach this development phase, Ørsted, the developer of the project, said. The first of the 83 monopile foundations have now been installed at the site some 53 kilometres off the island of Borkum in […]

  • BOEM Proposes Fewer Turbines for Ørsted’s 924 MW Offshore Wind Project

    12 December 2023
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    The US Bureau of Ocean Energy Management (BOEM) has completed its environmental review of Ørsted’s Sunrise Wind project. In the Final Environmental Impact Statement (EIS), issued on 11 December, BOEM proposes an alternative layout for the offshore wind farm with fewer turbines. With the final EIS now released and set to be published in the […]

  • Ørsted Offloads 50 Pct of Gode Wind 3 to UK Investor

    6 December 2023
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Ørsted has completed the divestment of 50 per cent of its 253 MW Gode Wind 3 offshore wind farm in Germany to funds managed by Glennmont Partners from Nuveen. The two companies signed an agreement for the 253 MW offshore wind project in October this year. The Gode Wind 3 offshore wind farm was awarded […]

  • DNV to Certify Baltica 2 Components

    6 December 2023
    Contracts & Tenders, Fixed-Bottom, Supply Chain

    PGE and Ørsted have signed a contract with DNV for certification of components of the Baltica 2, which is the first stage of the Baltica 2 Offshore Wind Farm in Poland. The scope of work for DNV on Baltica 2 includes providing a design compliance certificate confirming the compliance of the technical designs with international […]

  • Ørsted Secures 1.6 GW Offshore Wind Capacity in South Korea

    30 November 2023
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    Ørsted has secured an Electricity Business License (EBL) from the Ministry of Trade, Industry and Energy of the Republic of Korea for the 1.6 GW Incheon offshore wind project. The license grants Ørsted exclusive development rights for its gigawatt-scale Incheon offshore wind project which is set to become the largest in Korea on completion and […]

  • South Fork Wind Delivers First Power to New York Electric Grid

    7 December 2023
    Fixed-Bottom, Project Updates, Wind Farm Update

    The 132 MW South Fork Wind offshore wind farm delivered the first power to New York State’s power grid, announced Governor Kathy Hochul on 6 December. The South Fork Wind project is being built by a joint venture between Eversource and Ørsted. The joint venture reached the final investment decision for the project at the […]

  • US to Identify Additional Wind Energy Areas Offshore Maryland

    12 December 2023
    Authorities, Fixed-Bottom, Planning & Permitting

    The US federal government and the Maryland state government will work jointly to identify additional areas offshore Maryland that will house future offshore wind projects. This was announced on 11 December, following the release of the proposed sale notice for two wind energy areas (WEAs) in the Central Atlantic, one off Delaware and Maryland, and […]

  • New Jersey Accelerates Schedule for Fourth Offshore Wind Solicitation

    8 December 2023
    Authorities, Business & Finance, Business development, Planning & Permitting, Research & Development

    On 29 November, New Jersey Governor Phil Murphy directed the New Jersey Board of Public Utilities (NJBPU) to launch the fourth offshore wind solicitation in early 2024. New Jersey’s fourth solicitation project awards are expected in early 2025. The Governor’s action reaffirms the State’s commitment to achieving a 100 per cent clean energy economy by […]

  • Highview Power, Ørsted Find Value in Integrating Offshore Wind with Liquid Air Energy Storage

    30 November 2023
    Business development, R&D, Research & Development

    Highview Power and Ørsted have completed their joint investigation into how combining the technologies of Liquid Air Energy Storage (LAES) and offshore wind could unlock greater value for investors and consumers. The results show that there is value in combining offshore wind with LAES to support reducing wind curtailment, increasing productivity, and helping the move […]

  • Ørsted Reshuffling Exec Team Amid ‘Challenging Business Environment’ in the Industry

    14 November 2023
    Business & Finance, Fixed-Bottom, Floating Wind, Industry

    Ørsted’s Chief Financial Officer (CFO) and Chief Operating Officer (COO) are leaving the company, and with immediate effect, as a result of “a challenging and volatile business environment” in the industry, according to the offshore wind major. Ørsted is already head-hunting for the new CFO and COO. Daniel Lerup and Richard Hunter, Ørsted’s now-former CFO […]

  • Equinor and KOSPO Join Forces Offshore South Korea

    6 December 2023
    Business development, Research & Development

    Korea Southern Power (KOSPO) and Equinor have signed a Memorandum of Understanding (MoU) to explore a potential collaboration on offshore wind projects near Chuja Island in South Korea. Under the agreement, KOSPO will collaborate with the Norwegian state-owned company Equinor to potentially develop large-scale offshore wind projects near Chuja Island. KOSPO expects that its collaboration […]

  • IMCA Publishes Standard Contract for Offshore Wind Projects

    1 December 2023
    Industry, Supply Chain

    The International Marine Contractors Association (IMCA) has published the “industry’s first” standard contract for transport and installation (T&I) works in offshore wind projects. The contract has been written to ensure a fairer allocation of risk, IMCA said. Building on the organisation’s contracting principles release in January, its publication comes on the heels of an IMCA-led […]

  • US Gives Revolution Wind Green Light to Start Offshore Construction

    21 November 2023
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    Revolution Wind, the first utility-scale offshore wind farm serving Rhode Island and Connecticut, has secured the final approval needed from the US Department of Interior’s Bureau of Ocean Energy Management (BOEM) to move the project toward the start of offshore construction. Revolution Wind, being developed by Ørsted and Eversource, has received approval of the project’s […]

  • Ørsted, Eversource Join Forces with UConn Avery Point for Offshore Wind and Marine Life Research

    14 November 2023
    Environment, R&D

    Ørsted and Eversource, developers of Connecticut’s first offshore wind farm, Revolution Wind, and UConn Avery Point launched a collaborative, multi-year fisheries research programme to study further the relationship between offshore wind farms and marine life.  Ørsted and Eversource have awarded a USD 1.25 million (approximately EUR 1.15 million) grant to UConn Avery Point to fund the […]

  • Ørsted Pulls Out of Norwegian Offshore Wind Partnership

    14 November 2023
    Business & Finance

    Denmark’s Ørsted has decided to pull out of a Norwegian offshore wind partnership with Fred. Olsen Seawind and Hafslund. “Ørsted have informed us that due to a prioritisation of investments in the portfolio they will withdraw from pursuing participation in offshore wind developments in Norway, and therefore their participation in the partnership will discontinue,” said […]

  • Oceantic Network CEO: ‘There Comes a Time When We Have to Say Enough Is Enough’

    18 December 2023
    Business & Finance, Fixed-Bottom, Floating Wind, Foundations, Industry, Manufacturing, Operations & Maintenance, Outlook & Strategy, Planning & Permitting, Ports & Logistics, Supply Chain, Vessels, Wind Turbines

    As new offshore wind markets keep emerging and targets in established markets keep increasing, questions on how much capacity can actually be installed, especially until 2030 which is just around the corner, have come to the sector’s foreground. The most vocal on the (un)likeliness of the national and regional targets for 2030 being met – […]

  • IWS Seals WTIV Management Deal with Havfram Wind

    23 November 2023
    Collaboration, Contracts & Tenders, Outlook & Strategy, Supply Chain, Vessels

    Havfram Wind has entered into a strategic cooperation with Integrated Wind Solutions (IWS), through their wholly-owned subsidiaries, IWS Fleet AS and IWS Fleet Management. The collaboration involves IWS providing technical management services to Havfram Wind’s two offshore wind turbine installation vessels (WTIVs) with scheduled delivery in 2025. These WTIVs are designed to install turbines exceeding […]

  • Octopus Energy Buys Stake in 660 MW Wind Farm Offshore UK

    27 November 2023
    Business & Finance, Project Updates, Wind Farm Update

    Octopus Energy’s generation arm has taken a 12.5 per cent stake in the 660 MW Walney Extension offshore wind farm located in England. Octopus Energy bought the stake in Walney Extension from AIP Management, the investment manager for Danish pension fund PKA and PFA. The wind farm features 87 wind turbines, each taller than the […]