ESB, Ireland’s leading utility, and Ørsted, the world leader in offshore wind, have signed an agreement to jointly develop an Irish offshore wind portfolio in a landmark deal. The agreement was launched this morning in Cork Chamber’s Fitzgerald House by Minister for Enterprise, Trade & Employment, Simon Coveney TD, ESB’s Jim Dollard, and Duncan Clark, … Continue reading ESB and Ørsted enter partnership in landmark Irish offshore wind agreement
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Ørsted to acquire Eversource share of uncontracted offshore wind seabed
Ørsted has signed an agreement to acquire Eversource Energy’s 50 % interest in the uncontracted federal offshore wind lease area currently owned jointly by the two companies. In addition to the seabed, which is in early-stage development, the agreement also includes contracts and partnerships for key operational assets in the US Northeast. The USD 625 million … Continue reading Ørsted to acquire Eversource share of uncontracted offshore wind seabed
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Ørsted opens a new era in green shipping by breaking ground on Europe’s largest e-methanol project
Today, at an event in Örnsköldsvik in Northern Sweden, Ørsted broke ground on Europe’s largest e-methanol project, FlagshipONE. The groundbreaking of FlagshipONE not only marks the construction start of the project, but also the first steps in a new green era of shipping, where large-scale methanol production facilities will supply a constantly growing fleet of … Continue reading Ørsted opens a new era in green shipping by breaking ground on Europe’s largest e-methanol project
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Interim report for the first quarter of 2023 – strong start to the year with all-time high earnings from offshore sites and final investment decision on Greater Changhua 2b and 4
Today, Ørsted’s Board of Directors approved the interim report for the first quarter of 2023. Operating profit (EBITDA) for the first quarter was in line with our expectations and amounted to DKK 6.9 billion. Earnings from our wind and solar assets in operation amounted to DKK 6.9 billion, which was an increase of DKK 2.2 … Continue reading Interim report for the first quarter of 2023 – strong start to the year with all-time high earnings from offshore sites and final investment decision on Greater Changhua 2b and 4
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Ørsted, developer of offshore wind power
Offshore wind energy, also called offshore wind energy, plays a very important role in the global transition to green energy. At Ørsted, we work to develop the potential of wind energy around the world. Today, through technological innovation, we have managed to reasonably reduce the cost of obtaining wind energy. Thus, as with land and … Continue reading Ørsted, developer of offshore wind power
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Ørsted enters strategic partnership with Acciona, taking a step forward in commercialising floating wind
Ørsted has signed a memorandum of understanding (MoU) with the infrastructure division of Acciona to explore options for floating offshore wind foundations. Acciona is a global engineering and construction firm focused on renewables and a leading designer of innovative floating wind foundation solutions. The collaboration will combine Ørsted’s world-leading expertise in offshore wind with Acciona’s … Continue reading Ørsted enters strategic partnership with Acciona, taking a step forward in commercialising floating wind
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Ørsted and Google sign the first wind power purchase agreement in the US
Google has signed a 150 MW power purchase agreement (PPA) with Ørsted to purchase renewable energy generated by Helena Wind Farm for the next 15 years, a partnership that builds on Ørsted’s growing U.S. renewable energy portfolio. The project, located in Bee County, Texas, was commissioned in mid-2022 and provides low-cost electricity to the South … Continue reading Ørsted and Google sign the first wind power purchase agreement in the US
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Ørsted is ready to build Greater Changhua 2b and 4 offshore wind farms in Taiwan
Ørsted has taken the final investment decision (FID) on its 920 MW Greater Changhua 2b and 4 offshore wind farms in Taiwan with a timeline for completion by the end of 2025. The 920 MW grid capacity of Greater Changhua 2b and 4 was awarded in June 2018 in Taiwan’s first competitive price-based auction with … Continue reading Ørsted is ready to build Greater Changhua 2b and 4 offshore wind farms in Taiwan
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Ørsted, Simply Blue Group and Subsea7 win Scottish floating wind lease
Salamander, a joint venture between Ørsted, Simply Blue Group and Subsea7, is pleased to have been offered an exclusivity agreement as part of Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round. The 100 MW Salamander floating offshore wind project, located 35km off the coast of Peterhead in north-east Scotland, is designed … Continue reading Ørsted, Simply Blue Group and Subsea7 win Scottish floating wind lease
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Ørsted acquires Irish solar project
Ørsted has acquired the Irish solar project Garrenleen from renewable energy developer Terra Solar. The 160 MW solar farm is the company’s second solar project in Ireland and will be able to power up to 56,000 homes annually, making it one of the largest solar farms in the country. Subject to Ørsted’s final investment decision, … Continue reading Ørsted acquires Irish solar project
Continue readingØrsted joins Global Offshore Wind Alliance to help governments reach full potential of offshore wind
Ørsted becomes the first energy company to join the Global Offshore Wind Alliance (GOWA) to support a faster deployment of offshore wind and create a global community of action. GOWA is a new global organisation that brings together governments, the private sector, international organisations, and other stakeholders to accelerate the deployment of offshore wind power. … Continue reading Ørsted joins Global Offshore Wind Alliance to help governments reach full potential of offshore wind
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Ørsted achieved strong operational performance and significant strategic progress
Ørsted’s Board of Directors approved the annual report for 2022. Our operating profit (EBITDA) for the year amounted to DKK 32.1 billion, our highest EBITDA ever, of which the gain from the 50 % farm-downs of Hornsea 2 and Borkum Riffgrund 3 amounted to DKK 11.0 billion in total. EBITDA excluding new partnership agreements amounted … Continue reading Ørsted achieved strong operational performance and significant strategic progress
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Offshore wind leaders and the Carbon Trust to develop first industry-backed method for calculating life cycle carbon footprints
Eleven offshore wind developers – bp, EnBW, Fred Olsen Seawind, Parkwind, RWE, ScottishPower Renewables, Shell, SSE, Total Energies, Vattenfall and Ørsted – are partnering with the Carbon Trust to make future offshore wind even more sustainable. The developers design, build, and operate offshore wind farms globally, including Europe, North America, and Asia. They will work … Continue reading Offshore wind leaders and the Carbon Trust to develop first industry-backed method for calculating life cycle carbon footprints
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Ørsted wants to tap Sweden’s huge offshore wind power potential with four new farms
Ørsted has applied for permits to build a further four large-scale offshore wind farms in Sweden, expanding its portfolio to a total potential capacity of 18 GW. If fully developed, the new wind farms could cover more than half of the Scandinavian country’s total electricity consumption. The world’s first, largest and most experienced developer of … Continue reading Ørsted wants to tap Sweden’s huge offshore wind power potential with four new farms
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Ørsted expects EBITDA excluding new partnership agreements of DKK 21.1 billion for 2022
Ørsted presents operating profit (EBITDA) for 2022 based on preliminary and unaudited reporting. It has been a year with unusual market conditions, not least very volatile energy prices and a substantial increase in inflation. Despite this, we achieved 2022 results (EBITDA) within our latest guidance from 3 November 2022 and above our initial expectations for … Continue reading Ørsted expects EBITDA excluding new partnership agreements of DKK 21.1 billion for 2022
Continue readingØrsted to acquire PSEG 25 % in the 1,100 MW offshore wind energy project Ocean Wind 1
Ørsted has signed an agreement to acquire Public Service Enterprise Group’s (PSEG) 25 % equity stake in the 1,100 MW offshore wind energy project Ocean Wind 1 located approx. 24 km off the coast of southern New Jersey in the US. The acquisition provides Ørsted with 100 % ownership of Ocean Wind 1. As Ocean … Continue reading Ørsted to acquire PSEG 25 % in the 1,100 MW offshore wind energy project Ocean Wind 1
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Ørsted to build large-scale solar PV project in Texas
Continuing its growth in onshore renewables, Ørsted has decided to build the 471 MW AC Mockingbird Solar Center in Texas. Covering an area of 4,900 acres (approx. 20 km2), Mockingbird will be able to generate enough renewable energy to power more than 80,000 homes annually, making it the largest solar PV project in Ørsted’s portfolio … Continue reading Ørsted to build large-scale solar PV project in Texas
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Green Fuels for Denmark receives Danish IPCEI funding
The Danish Business Authority has awarded the Danish Power-to-X flagship project ‘Green Fuels for Denmark’ DKK 600 million as part of Denmark’s participation in the European IPCEI programme. The funding will go towards realising Green Fuels for Denmark’s first phases of 10 MW, 100 MW and 300 MW, respectively. The Green Fuels for Denmark consortium … Continue reading Green Fuels for Denmark receives Danish IPCEI funding
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Doosan Enerbility Enters into Partnership with Ørsted for Offshore Wind Power
Vietnamese subsidiary Doosan Vina signs supplier agreement for offshore wind turbine substructure with Ørsted. Vietnam’s offshore wind power market forecast to grow to 7GW by 2030. Doosan Enerbiity announced on Nov. 3 that its Vietnamese subsidiary Doosan Vina had signed a memorandum of understanding with Denmark’s state-owned energy company Ørsted on cooperation for the supply … Continue reading Doosan Enerbility Enters into Partnership with Ørsted for Offshore Wind Power
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DNV supports Ørsted as lender’s technical advisor to the 1.32 GW Hornsea 2 offshore wind farm
Hornsea 2 is the largest offshore wind farm and will provide electricity to more than 1.3 million UK homes. DNV, the independent energy expert and assurance provider, has successfully completed Lenders’ Technical Due Diligence on Ørsted’s Hornsea 2 project, the world’s largest offshore wind farm. Working in close collaboration with Ørsted and the lenders, legal, … Continue reading DNV supports Ørsted as lender’s technical advisor to the 1.32 GW Hornsea 2 offshore wind farm
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