Sunrise Wind today received its Record of Decision (RoD) from the US Department of the Interior’s Bureau of Ocean Energy Management (BOEM), crossing a critical milestone in the federal environmental review process for the offshore wind project serving New York. Additionally, Ørsted and Eversource today announced they have jointly taken a final investment decision on … Continue reading Sunrise Wind offshore wind farm receives federal registration
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Sunrise Wind selected for award in New York’s fourth offshore wind solicitation
New York’s energy agency, New York State Energy Research and Development Authority (NYSERDA), has conditionally awarded Ørsted and Eversource’s Sunrise Wind project the right to negotiate a 25-year offshore wind renewable energy certificate (OREC) agreement for an offshore wind farm with a maximum capacity of 924 MW. The price per MWh for power generated from … Continue reading Sunrise Wind selected for award in New York’s fourth offshore wind solicitation
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Ørsted and Incheon City sign MoU to establish world-class offshore wind power industry in Korea’s Incheon region
Ørsted has signed a memorandum of understanding (MoU) with Incheon Metropolitan City, Korea, to cooperate on developing a world-class offshore wind power industry in the region. The aim of the agreement is to establish a successful local wind power industry driven by Ørsted’s 1.6 GW offshore wind project off the coast of Incheon. Photo from the … Continue reading Ørsted and Incheon City sign MoU to establish world-class offshore wind power industry in Korea’s Incheon region
Continue readingSkipjack Wind to be repositioned for future offtake opportunities
Ørsted announced that it will reposition Skipjack Wind, a combined 966 MW project under development off the coast of the Delmarva peninsula in the US, for future offtake opportunities. Following consultation with the State of Maryland, Ørsted has withdrawn from the Maryland Public Service Commission orders approving the Skipjack 1 and 2 projects. Ørsted intends … Continue reading Skipjack Wind to be repositioned for future offtake opportunities
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Ørsted pulls out of Maryland offshore wind power projects citing economic conditions
Energy multinational Ørsted has unexpectedly withdrawn from agreements with the state of Maryland to develop two offshore wind projects. The decision came as a result of worsening economic conditions and challenges facing the company. Initially, Orsted had been selected by the Maryland Public Service Commission (PSC) to develop the Skipjack Wind 1 and Skipjack Wind … Continue reading Ørsted pulls out of Maryland offshore wind power projects citing economic conditions
Continue readingSkipjack Wind to be repositioned for future offtake opportunities
Ørsted announced that it will reposition Skipjack Wind, a combined 966 MW project under development off the coast of the Delmarva peninsula in the US, for future offtake opportunities. Following consultation with the State of Maryland, Ørsted has withdrawn from the Maryland Public Service Commission orders approving the Skipjack 1 and 2 projects. Ørsted intends … Continue reading Skipjack Wind to be repositioned for future offtake opportunities
Continue readingØrsted to acquire full ownership of Sunrise Wind subject to award in New York 4 offshore wind solicitation
Ørsted has signed an agreement with Eversource to acquire Eversource’s 50 % share of Sunrise Wind, a 924 MW offshore wind farm which would deliver power to New York. The acquisition is subject to the successful award of Sunrise Wind in the ongoing New York 4 solicitation for offshore wind capacity, signing of an OREC … Continue reading Ørsted to acquire full ownership of Sunrise Wind subject to award in New York 4 offshore wind solicitation
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Ørsted takes final investment decision on Farranrory Onshore Wind Farm in Ireland
Ørsted has taken final investment decision (FID) on Farranrory Onshore Wind Farm in Tipperary, the company’s 22nd wind farm on the island of Ireland. The wind farm, which will consist of nine wind turbines and have the capacity to generate 43.2 MW of green electricity, is expected to be fully operational by the summer of … Continue reading Ørsted takes final investment decision on Farranrory Onshore Wind Farm in Ireland
Continue readingØrsted takes final investment decision on Hornsea 3 Offshore Wind Farm
Ørsted has taken final investment decision (FID) on the world’s single largest offshore wind farm, Hornsea 3, which will have a capacity of 2.9 GW and is expected to be completed around the end of 2027. Hornsea 3 will be Ørsted’s third gigawatt-scale project in the Hornsea zone following Hornsea 1 (1.2 GW) and Hornsea … Continue reading Ørsted takes final investment decision on Hornsea 3 Offshore Wind Farm
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DNV contracted by Ørsted and PGE to certify Baltica 2 offshore wind farm in Poland
DNV has been contracted by Ørsted and PGE to certify Baltica 2 offshore wind farm in Poland. The project, located in the Polish part of the Baltic Sea, is set to contribute significantly to Poland’s green energy transition, accelerate the development of the local supply chain and spur economic activity for many years to come. … Continue reading DNV contracted by Ørsted and PGE to certify Baltica 2 offshore wind farm in Poland
Continue readingSouth Fork begins sending wind power to the LIPA grid
South Fork begins sending wind power to the LIPA gridThe South Fork Wind Farm, located off the coast of Long Island, has begun sending power to the Long Island Power Authority (LIPA) grid. This milestone marks an important step forward for wind energy in the region. The 15-wind turbines wind farm, developed by Ørsted in … Continue reading South Fork begins sending wind power to the LIPA grid
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Ørsted completes divestment of 50 % of Gode Wind 3
Ørsted has completed the divestment of 50 % of the Gode Wind 3 offshore wind farm 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 weighted average feed-in tariff of EUR 81 … Continue reading Ørsted completes divestment of 50 % of Gode Wind 3
Continue readingEIB and Ørsted sign €400M loan to finance new wind energy production in Denmark
The European Investment Bank (EIB) and Ørsted have signed a €400 million framework loan agreement to finance new wind power production. By supporting Europe’s transition to electricity from renewables, the agreement aligns with the goals of the RePowerEU initiative.“We’re delighted to continue our longstanding partnership with Ørsted — as this is our fifteenth joint project,” … Continue reading EIB and Ørsted sign €400M loan to finance new wind energy production in Denmark
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Ørsted partners with Breakthrough Energy Catalyst, the European Commission, and the European Investment Bank for FlagshipONE
Today, at COP28, Ørsted announced that the EU-Catalyst Partnership, which consists of the European Commission, Breakthrough Energy Catalyst, and the European Investment Bank, has vowed to support Ørsted’s FlagshipONE project, highlighting the innovative nature of this project and its potential to contribute to the decarbonisation of shipping. FlagshipONE is Europe’s largest e-methanol plant and is … Continue reading Ørsted partners with Breakthrough Energy Catalyst, the European Commission, and the European Investment Bank for FlagshipONE
Continue readingØrsted secures 1.6 GW for offshore wind power project off the coast of Incheon, Korea
Ørsted has been granted a 1.6 GW electricity business license (EBL) by the Ministry of Trade, Industry & Energy of Korea for an offshore wind farm located 70 km off the coast of Incheon City. The license grants Ørsted exclusive development rights for its gigawatt-scale Incheon offshore wind project, which is set to become the … Continue reading Ørsted secures 1.6 GW for offshore wind power project off the coast of Incheon, Korea
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Offshore wind power could meet the Isle of Man’s energy demands
In a promising development for renewable energy, Orsted, a leading company in the sector, has announced plans for a £4bn offshore wind farm that could potentially meet the peak energy demands of the Isle of Man. Seeking public opinions on the proposals, Orsted aims to establish the wind farm in an area off the island’s … Continue reading Offshore wind power could meet the Isle of Man’s energy demands
Continue readingInnovation projects at Anholt Offshore Wind Farm
A new research project at Anholt Offshore Wind Farm in Denmark aims to grow a number of less carbon-intensive foods while contributing to a healthier marine environment: To solve the climate crisis, we need to look at how we source our energy, but also at what we eat, as many foods emit large amounts of … Continue reading Innovation projects at Anholt Offshore Wind Farm
Continue readingØrsted ceases development of its US offshore wind projects Ocean Wind 1 and 2, takes final investment decision on Revolution Wind, and recognises DKK 28.4 billion impairments
Following decisions of its Board of Directors, Ørsted will cease development of the Ocean Wind 1 and 2 projects and has taken final investment decision on the Revolution Wind project. The decisions are part of an ongoing review of Ørsted’s US offshore wind portfolio. Impairment updateOn 29 August 2023, Ørsted announced anticipated impairments on its … Continue reading Ørsted ceases development of its US offshore wind projects Ocean Wind 1 and 2, takes final investment decision on Revolution Wind, and recognises DKK 28.4 billion impairments
Continue readingØrsted has selected Cathay Life Insurance as preferred bidder for 50 % ownership share in Greater Changhua 4
Following a competitive divestment process, Ørsted has signed an exclusivity agreement with Cathay Life Insurance today, selecting the Taiwanese leading insurance company and its affiliate as preferred bidder for the acquisition of a 50 % ownership stake in total of Ørsted’s 583 MW Greater Changhua 4 Offshore Wind Farm in Taiwan. Ørsted and Cathay Life … Continue reading Ørsted has selected Cathay Life Insurance as preferred bidder for 50 % ownership share in Greater Changhua 4
Continue readingØrsted extends partnership with Glennmont Partners from Nuveen through divestment of 50 % stake of Gode Wind 3 in Germany
Ørsted has signed an agreement to divest 50% of the Gode Wind 3 Offshore Wind Farm in Germany to funds managed by Glennmont Partners from Nuveen (“Glennmont”). Glennmont is one of Europe’s largest fund managers, focused exclusively on investments in clean energy infrastructure. It is owned by Nuveen, a TIAA company and global asset manager … Continue reading Ørsted extends partnership with Glennmont Partners from Nuveen through divestment of 50 % stake of Gode Wind 3 in Germany
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