Ørsted has entered four partnerships to pursue early-stage solar and onshore wind projects in the upcoming grid auctions in Spain and announces multi-GW ambitions in the market long-term. To support its Spanish ambitions, the company has established a team and office in Madrid. In 2021, Ørsted entered the European onshore market by acquiring Brookfield Renewable … Continue reading Ørsted enters Spanish onshore renewables market with solar and wind partnerships
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Policies to decarbonise steel industry and raise demand-side voice for net-zero steel
Ørsted, a founding member of the SteelZero initiative, is teaming up with a global coalition of corporate first-movers to set out steps governments must take to support the steel industry in its drive to achieve net-zero emissions. With the new SteelZero policy principles paper, the coalition wants to help policymakers speed up the transition to … Continue reading Policies to decarbonise steel industry and raise demand-side voice for net-zero steel
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Ørsted continues to reject demand for payment in roubles – risk of Gazprom Export’s gas supplies to Ørsted being halted
Gazprom Export continues to demand that Ørsted pays for gas supplies in roubles. We have no legal obligation under the contract to do so, and we have repeatedly informed Gazprom Export that we will not do so. The payment deadline is 31 May and Ørsted will continue to pay in Euros. Therefore, there is a … Continue reading Ørsted continues to reject demand for payment in roubles – risk of Gazprom Export’s gas supplies to Ørsted being halted
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Offshore wind power can go hand in hand with nature.
New partnership between Ørsted and ARK Nature pioneers testing the potential of rewilding principles to restore vital ocean biodiversity as we speed up the global transition to renewable energy. One initial focus is restoring shellfish reefs that are fundamental to ecological restoration in the North Sea, and to use learnings from the project to develop the … Continue reading Offshore wind power can go hand in hand with nature.
Continue readingØrsted agrees to acquire onshore wind farm Ford County Wind in Illinois
Upon the closing of the acquisition, Ørsted will add 121 MW operational wind to its portfolio in the US MISO market, which covers 15 states in the Midwest and the South. Ford County Wind is contracted via power purchase agreements (PPA’s) with Mars, Incorporated, Silgan Containers, and BHJ USA. The project reached commercial operation in … Continue reading Ørsted agrees to acquire onshore wind farm Ford County Wind in Illinois
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Ørsted and TotalEnergies partner to participate in Dutch offshore wind tenders
Ørsted and TotalEnergies have joined forces to jointly submit bids for the two Dutch offshore wind tenders “Holland Coast West” with the aim to achieve net positive impact on biodiversity and the Dutch energy system. The Holland Coast West wind farms are located approximately 53 km off the Dutch coast and have a combined capacity … Continue reading Ørsted and TotalEnergies partner to participate in Dutch offshore wind tenders
Continue readingØrsted trials turning offshore wind turbine foundations into safe havens for corals
Ørsted, the world’s most sustainable energy company, is planning a world-first attempt to support coral reefs by growing corals on offshore wind turbine foundations. Together with Taiwanese partners, the company will test the concept in the tropical waters of Taiwan this summer. The aims are to determine whether corals can be successfully grown on offshore … Continue reading Ørsted trials turning offshore wind turbine foundations into safe havens for corals
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Ørsted’s Board of Directors approved the interim report for the first three months of 2022.
Our operating profit (EBITDA) totalled DKK 9.4 billion, an increase of DKK 4.6 billion compared to Q1 2021. The gain from the 50 % farm-down of Borkum Riffgrund 3 amounted to DKK 1.6 billion. EBITDA excluding new partnerships amounted to DKK 7.8 billion, DKK 3.0 billion higher than in the same period last year. Net profit … Continue reading Ørsted’s Board of Directors approved the interim report for the first three months of 2022.
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Ørsted takes final investment decision on 201 MW onshore wind farm Sunflower Wind in Kansas, US
Ørsted’s Board of Directors has taken final investment decision (FID) on onshore wind farm Sunflower Wind in Kansas. The 201 MW wind farm will be located in Marion County, mid-Kansas, and will become Ørsted’s fourth onshore wind farm in the Southwest Power Pool (SPP) energy market. The project was acquired together with Lincoln Land Wind … Continue reading Ørsted takes final investment decision on 201 MW onshore wind farm Sunflower Wind in Kansas, US
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How offshore wind and renewable power-to-X can help solve Europe’s energy crisis
Europe is facing an energy and climate crisis. Our dependence on imported fossil fuels, whether from Russia or elsewhere, can never deliver the energy security Europe needs – nor does it allow us to address global climate change. While Europe is already a global frontrunner in scaling up renewable energy to replace fossil fuels – … Continue reading How offshore wind and renewable power-to-X can help solve Europe’s energy crisis
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Taiwan’s biggest offshore wind farm generates first power
Ørsted today announced the successful delivery of the first power from the Greater Changhua 2a Offshore Wind Farm. This represents a big achievement for Ørsted and the industry as Greater Changhua 1 & 2a is the largest offshore wind project in Taiwan and the company’s first large-scale offshore wind farm in the Asia-Pacific region. Located … Continue reading Taiwan’s biggest offshore wind farm generates first power
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Ørsted and ESVAGT sign agreement on the world’s first green fuel vessel for offshore wind operations
The agreement between Ørsted and ESVAGT is a display of commitment from both companies to the decarbonisation of the maritime industry and will help reduce emissions from offshore operations. Renewable energy offers a clear path to reach the Paris Climate Agreement’s target of limiting temperature increases to 1.5 °C. However, some sectors – like the … Continue reading Ørsted and ESVAGT sign agreement on the world’s first green fuel vessel for offshore wind operations
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Incident at Anholt Offshore Wind Farm
At Anholt Offshore Wind Farm in Denmark, a rotor including three blades has separated from the nacelle of one of the offshore wind turbines and fallen into the sea. No one has been injured. The relevant authorities have been notified about the incident. We are investigating the cause of the incident, and as an extraordinary … Continue reading Incident at Anholt Offshore Wind Farm
Continue readingRepsol and Ørsted to explore joint development of floating offshore wind energy in Spain
Repsol and Ørsted have an ambition of jointly becoming a leading developer in Spanish offshore wind by combining their complementary strengths. The alliance combines Repsol’s expertise as a global multi-energy provider with Ørsted’s experience as the global leader in offshore wind. After several years of concept development and small-scale testing, floating offshore wind is now … Continue reading Repsol and Ørsted to explore joint development of floating offshore wind energy in Spain
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Repsol and Ørsted to explore joint development of floating offshore wind power projects in Spain
Repsol and Ørsted have an ambition of jointly becoming a leading developer in Spanish offshore wind by combining their complementary strengths. The alliance combines Repsol’s expertise as a global multi-energy provider with Ørsted’s experience as the global leader in offshore wind. After several years of concept development and small-scale testing, floating offshore wind is now … Continue reading Repsol and Ørsted to explore joint development of floating offshore wind power projects in Spain
Continue readingØrsted comments on demand about payment in roubles
Ørsted has received a demand from Gazprom Export to pay for gas supplies in roubles. We have no intention of paying in roubles. We are in close dialogue with other energy companies and the authorities regarding a common European response to Gazprom Export. Ørsted condemns Russia’s invasion of Ukraine and has already taken a number … Continue reading Ørsted comments on demand about payment in roubles
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Ørsted partners with AXA IM Alts and Crédit Agricole Assurances on Hornsea 2 Offshore Wind Farm
Ørsted has signed an agreement to divest a 50 % ownership stake in its 1.3 GW Hornsea 2 Offshore Wind Farm in the UK to a consortium comprising AXA IM Alts, acting on behalf of clients, and Crédit Agricole Assurances. Hornsea 2 is currently under construction and will become the world’s largest offshore wind farm … Continue reading Ørsted partners with AXA IM Alts and Crédit Agricole Assurances on Hornsea 2 Offshore Wind Farm
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Ørsted and Maersk sign landmark green fuels agreement, as Ørsted enters the US Power-to-X market
Ørsted to develop Power-to-X-facility on the US Gulf Coast to fuel Maersk’s newly ordered fleet of 12 methanol-powered vessels, as the industry leaders sign letter of intent (LOI) on record-breaking offtake agreement for green fuels in the maritime industry. Over the past two decades, greenhouse gas emissions from the global maritime industry have risen sharply … Continue reading Ørsted and Maersk sign landmark green fuels agreement, as Ørsted enters the US Power-to-X market
Continue readingØrsted updates investors on the company’s exposure to gas contract with Gazprom Export
Ørsted condemns the Russian invasion of Ukraine and has already taken several steps to stop its cooperation with Russian companies. Ørsted has ceased all sourcing of biomass and coal from Russia for its power stations, Ørsted will not enter into new contracts with Russian companies, and Ørsted has made sure that none of Ørsted’s direct … Continue reading Ørsted updates investors on the company’s exposure to gas contract with Gazprom Export
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Ørsted statement on the Ukraine-Russia conflict
Ørsted finds the situation deeply disturbing, not least the human suffering following the war in Ukraine. The Russian aggression goes against everything that Ørsted stands for, and we have therefore taken significant steps in accordance with our values as a company. Regarding the gas from Gazprom that is supplied to Denmark, Ørsted recommends a clear and … Continue reading Ørsted statement on the Ukraine-Russia conflict
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