2023 results found for 'Ørsted'

2023 results found for 'Ørsted'
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  • Ørsted’s US, Taiwan Offshore Wind Projects Hit by Vessel Shortages; Sunrise Wind Still Not Out of the Woods

    6 November 2023
    Business & Finance, Contracts & Tenders, Fixed-Bottom, Planning & Permitting, Project Updates, Supply Chain, Vessels, Wind Farm Update, Wind Turbines

    Several days ago, Ørsted called it quits on the Ocean Wind 1 offshore wind farm in the US, with some of the main issues leading to the decision to abandon the project being supply chain bottlenecks, primarily vessel shortages. This has affected not only the now-dropped Ocean Wind 1 but also the company’s Revolution Wind […]

  • Siemens Gamesa Halts Plans for USD 200 Million Offshore Wind Turbine Blade Factory in US

    13 November 2023
    Business & Finance

    Siemens Gamesa has discontinued its plans to build and operate an offshore wind turbine blade manufacturing plant in Virginia, US. The company’s USD 200 million (about EUR 187 million) manufacturing plant was planned to be built at the Port of Virginia’s Portsmouth Marine Terminal. It was intended to support major US offshore wind projects, including […]

  • Metocean Campaign Starts at Floating Wind Farm Site Offshore Scotland

    21 November 2023
    Business development, Project Updates, Research & Development, Wind Farm Update

    Salamander, a joint venture between Ørsted, Simply Blue Group, and Subsea7, has launched floating LiDAR and wave buoys as part of the metocean campaign for the proposed floating offshore wind project off the northeast of Scotland. The survey, conducted by Fugro, will run for twelve months and produce insights that will inform the project’s design, […]

  • Van Oord Awarded Two New Offshore Wind Contracts Worth More than Half a Billion Euros in Total

    8 November 2023
    Business & Finance, Cables, Contracts & Tenders, Fixed-Bottom, Foundations, Grid Connection, Project Updates, Supply Chain, Wind Farm Update

    Van Oord has been awarded contracts for Baltic Power offshore wind farm in Poland and Greater Changhua 2b and 4 offshore wind farm in Taiwan valued at more than EUR 500 million. For the Baltic Power offshore wind project in the Polish Baltic Sea, Van Oord will transport and install 78 foundations, including 76 monopile […]

  • Ørsted Cancels Two Wind Projects Offshore New Jersey, Clears Revolution Wind for Takeoff

    1 November 2023
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Danish renewable energy developer Ørsted has decided to cease the development of the Ocean Wind 1 and Ocean Wind 2 offshore wind projects in New Jersey. In addition, the company, together with Eversource, has taken a final investment decision (FID) on the 704 MW Revolution Wind, Rhode Island and Connecticut’s first utility-scale offshore wind farm. […]

  • Ørsted ‘First’ to Use Giant Autonomous Drones to Transport Cargo to Wind Turbines

    30 October 2023
    Business development, R&D, Research & Development, Technology

    Ørsted has become “the first offshore wind company in the world” to use giant autonomous drones to transport cargo to wind turbines. The Danish offshore wind giant is testing the drones to transport cargo from vessels to its 1.2 GW Hornsea One project in the UK. Building on its previous experience using smaller drones in […]

  • Ørsted Takes EUR 4 Billion Impairment Hit

    1 November 2023
    Business & Finance

    Due to adverse impacts relating to supply chain delays, increased interest rates, and the lack of an Offshore Wind Renewable Energy Credit (OREC) on Sunrise Wind, Ørsted has recognised impairment losses of DKK 28.4 billion (about EUR 3.8 billion) in the first nine months of 2023. The majority of impairment losses, DKK 19.9 billion, relate […]

  • PGE, Ørsted Gather Tier 1 Offshore Contractors for 1.5 GW Baltica 2

    31 October 2023
    Contracts & Tenders, Foundations, Manufacturing, Supply Chain

    The PGE and Ørsted joint venture has signed an agreement with German-based Steelwind Nordenham for the supply of foundations for Baltica 2, which is the first stage of the Baltica Offshore Wind Farm in the Polish Baltic Sea. Under the contract, Steelwind Nordenham will deliver 34 monopile foundations with the production expected to start in […]

  • Dominion Confirms First US Wind Turbine Installation Vessel Will Be Completed Later than Planned

    9 November 2023
    Business & Finance, Fixed-Bottom, Manufacturing, Project Updates, Supply Chain, Vessels

    The first US-built and Jones Act-compliant offshore wind turbine installation vessel (WTIV), Charybdis, will be completed in late 2024 or early 2025, Dominion Energy said in its financial report for the third quarter of 2023, confirming the information that surfaced after the company’s second quarter report in August. Construction of the first US WTIV started […]

  • Ørsted Sells Half of Gode Wind 3 Offshore Wind Farm to Glennmont

    17 October 2023
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Ørsted has signed an agreement to divest 50 per cent of the Gode Wind 3 offshore wind farm in the German North Sea to funds managed by Glennmont Partners from Nuveen. Gode Wind 3 has a capacity of 253 MW and was awarded to Ørsted in 2017 and 2018 as two separate projects with a […]

  • Ørsted, Cathay Life Ink Deal for 583 MW Greater Changhua 4 Offshore Wind Farm

    16 October 2023
    Business & Finance

    Ørsted has selected Cathay Life Insurance as the preferred bidder for a 50 per cent ownership share in the 583 MW Greater Changhua 4 offshore wind farm in Taiwan. Following a competitive divestment process, Ørsted signed an exclusivity agreement with Cathay Life Insurance, selecting the Taiwanese insurance company and its affiliate as preferred bidder for the […]

  • Ørsted and SMC Extend Offshore Wind Cooperation

    10 October 2023
    Contracts & Tenders, Operations & Maintenance, Supply Chain

    UK-based Specialist Marine Consultants (SMC) has been awarded two contracts by Ørsted to continue delivering structural inspections above water (SIAW) across the company’s offshore wind portfolio. The SIAW contracts, which will run until 2026, will see SMC continue to deliver inspection and maintenance works of external, internal, and confined space areas of the foundation, transition […]

  • DEME Affiliate Wins More Offshore Wind Work in Taiwan

    20 October 2023
    Contracts & Tenders, Fixed-Bottom, Project Updates, Supply Chain, Wind Farm Update

    Ørsted has contracted CDWE, the joint venture between DEME and Taiwanese shipbuilder CSBC, to carry out seabed levelling and scour protection for the Greater Changhua 2b and 4 offshore wind farms in Taiwan. The scope of work incorporates seabed levelling and scour protection for both the offshore substation and the 66 wind turbine generator locations. […]

  • First Turbine Stands at New York’s First Offshore Wind Farm

    21 November 2023
    Fixed-Bottom, Project Updates, Wind Farm Update

    The first Siemens Gamesa 11 MW wind turbine has been installed at the South Fork Wind Farm offshore New York. The first of South Fork Wind’s twelve Siemens Gamesa wind turbines was hoisted into place by the offshore construction team at the project site 35 miles off Montauk, New York. First approved by the Long Island […]

  • Ørsted to Use Rutter’s Wave Prediction Tech on CTVs

    25 September 2023
    R&D, Technology, Vessels

    Ørsted has forged a partnership with Canada-headquartered Rutter to deploy the company’s wave prediction technology on selected crew transfer vessels (CTVs) worldwide within its contracted fleet. Under the partnership, Ørsted will deploy the wave prediction technology, sigma S6 WaveSignal, to selected CTVs worldwide within its fleet. The system’s primary function is wave prediction, which indicates […]

  • Ørsted Showcases First Taiwan-Made Transition Piece Mock-Up

    6 September 2019
    Ports & Logistics

    Ørsted has marked the completion of the first made-in-Taiwan transition piece mock-up with Sing Da Marine Structure (SDMS), a wholly-owned subsidiary of China Steel Corporation. The mock-up, fabricated by SDMS in Kaohsiung, has demonstrated that local suppliers are on track to prepare for delivery of jacket foundations for Ørsted’s Greater Changhua 1&2a projects, the world’s […]

  • Ørsted CFO Steps Down

    23 December 2021
    Business & Finance

    Marianne Wiinholt has decided to step down as the Chief Financial Officer (CFO) of Ørsted to accept a position outside the energy industry. Wiinholt served as Ørsted’s CFO for the past eight years and will continue in the role until 30 June 2022 at the latest. ”I have been part of Ørsted’s amazing journey over […]

  • Ørsted Homeports in Port of Taichung

    25 February 2020
    Operations & Maintenance, Ports & Logistics

    Ørsted has signed a wharf lease and a 20-year operations and maintenance (O&M) lease with the Port of Taichung in Taiwan. The leased wharfs will be upgraded and utilized for the construction of the Greater Changhua offshore wind farms, and the O&M site will serve as the O&M base for Ørsted‘s Changhua offshore wind farms […]

  • Ørsted Gets to Keep the Name

    10 May 2019
    Business & Finance

    The Copenhagen Maritime and Commercial Court has upheld Ørsted’s claim that it has the right to use the Ørsted name. To remind, the Danish offshore wind giant changed its name from DONG Energy to Ørsted in October 2017, following the sale of its upstream oil and gas business and the decision to shift to green energy. The name represents the company’s reference to […]

  • Ørsted Asia-Pacific Head of Region Steps Down

    19 January 2022
    Business & Finance

    Ørsted has announced that Matthias Bausenwein will step down from his position as President of the Region Asia-Pacific and Chairman of Ørsted Taiwan on 20 January. Bausenwein will return to Europe for family reasons and take on a new role outside of Ørsted, the company said. The search for a successor has been activated. In […]

  • Ørsted Issues Second Green Bond in Taiwan

    4 November 2020
    Business & Finance

    Ørsted has issued its second TWD denominated green bond in Taiwan to raise financing for its continuing investments in the Greater Changhua 1 & 2a offshore wind project. The new unsecured green senior bonds comprise a 7-year TWD 4 billion fixed-rate tranche, a 10-year TWD 3 billion fixed-rate tranche, and a 20-year TWD 8 billion […]

  • Ørsted Secures Sustainability-Linked Loan in Taiwan

    30 August 2023
    Business & Finance, Fixed-Bottom

    Ørsted has signed a NTD 25 billion (EUR 721 million) sustainability-linked revolving loan facility agreement for the developer’s offshore wind farms in Taiwan with a consortium of financial institutions, including nine state-owned banks. Ørsted and the financial institutions have aligned to include sustainable initiatives related to Ørsted’s business operations as key performance indicators to ensure […]

  • Ørsted to Open United States Innovation Hub in Rhode Island

    16 January 2020
    R&D, Technology

    Ørsted is opening a United States Innovation Hub in Providence, Rhode Island in early spring as part of its commitment to building an offshore wind industry supply chain in the US. The Innovation Hub will be located in the CIC Providence workspace. To facilitate its mission, the Hub team will leverage Ørsted’s expertise across the […]

  • Ørsted Bases Its North American Digital Operations in Newark

    21 May 2021
    Business & Finance, Operations & Maintenance

    Ørsted will open its North American Digital Operations Headquarters in Newark, New Jersey, the company announced on 20 May. The new office will support Ørsted’s operations throughout North America for both offshore and onshore wind assets, and will initially see over 20 Ørsted staff, including 12-14 new IT positions, being based there in 2021. This […]

  • New CEO Takes Helm at Ørsted Offshore North America

    22 October 2020
    Business & Finance

    Ørsted has appointed David Hardy as its new chief executive officer for Ørsted Offshore North America. Hardy will immediately replace Thomas Brostrøm, stepping into this position after serving as the company’s president and COO. As CEO, Hardy will oversee all North American offshore wind activities, including development and operations for Ørsted’s current and future portfolio […]

  • PGE and GE to Test Green Hydrogen Production Using Offshore Wind Turbine

    26 October 2023
    Business development, Green Hydrogen, Power-to-X, R&D, Research & Development

    PGE Polska Grupa Energetyczna and GE have signed an agreement for the development of a project aimed at testing the production of green hydrogen using a GE offshore wind turbine. In the planned project, hydrogen would be produced in an electrolyzer using electricity generated from the latest GE wind turbine model intended for the offshore wind […]