Further to our company announcement issued on 4 December 2020, Ørsted has now completed the divestment of 25% of the Ocean Wind Offshore Wind Farm to New Jersey’s Public Service Enterprise Group (PSEG). The information provided in this announcement does not change Ørsted’s previous financial guidance for the financial year of 2021 or the announced expected … Continue reading Ørsted completes divestment of 25% of Ocean Wind Offshore Wind Farm
Continue readingTag Archives: Ørsted
Poland awards Contract for Difference to the Baltica offshore wind power plants
The Polish Energy Regulatory Office has awarded a Contract for Difference to the Baltica 3 and Baltica 2 offshore wind farms with a total capacity of up to 2.5 GW. Baltica 3 and 2 will contribute significantly to Poland’s green energy transition, accelerate the development of the local supply chain and spur economic activity for … Continue reading Poland awards Contract for Difference to the Baltica offshore wind power plants
Continue reading
Ørsted has signed an agreement with NBIM, who will be acquiring a 50 % ownership share of Ørsted’s 752 MW Borssele 1 & 2 Offshore Wind Farm
Ørsted has signed an agreement with Norges Bank Investment Management (NBIM), who will be acquiring a 50 % ownership share of Ørsted’s 752 MW Borssele 1 & 2 Offshore Wind Farm, which was commissioned in the fourth quarter of 2020 and generates green power to the equivalent of one million households’ annual power consumption in the Netherlands. … Continue reading Ørsted has signed an agreement with NBIM, who will be acquiring a 50 % ownership share of Ørsted’s 752 MW Borssele 1 & 2 Offshore Wind Farm
Continue reading
Ørsted to develop one of the world’s largest renewable hydrogen plants to be linked to industrial demand in the Netherlands and Belgium
‘SeaH2Land’ is an ambitious vision, linking GW-scale electrolysis to the large industrial demand in the Dutch-Flemish North Sea Port cluster through an envisaged regional cross-border pipeline. The green electricity required to produce the renewable hydrogen is proposed to come from the build-out of additional large-scale offshore wind. The major industrial companies in the region ArcelorMittal, … Continue reading Ørsted to develop one of the world’s largest renewable hydrogen plants to be linked to industrial demand in the Netherlands and Belgium
Continue reading
Ørsted commences construction of largest onshore wind power project
Ørsted announces final investment decision on the combined wind and solar PV project Helena Energy Center in South Texas and integrates the US trading team into the Onshore business. Ørsted has taken a final investment decision on its largest onshore project to date, the 518 MW hybrid wind and solar PV project, Helena Energy Center, … Continue reading Ørsted commences construction of largest onshore wind power project
Continue reading
Ørsted signs a PPA wind power agreement with Nucor
Nucor will purchase energy from the Western Trail onshore wind farm, currently under construction and expected to be operational later this year. Nucor, a steel manufacturer, has signed a long-term agreement to purchase energy from the 367 MW wind farm in Texas. “Western Trail will utilise Nucor steel, demonstrating our ability to develop multilateral supply … Continue reading Ørsted signs a PPA wind power agreement with Nucor
Continue reading
Ørsted kicks off offshore installation of Greater Changhua 1 & 2a Offshore Wind Farms
With all the permits and EIA approvals in place, Global offshore wind leader Ørsted is moving full speed ahead with full-scale offshore construction activities of the 900 MW Greater Changhua 1 & 2a Offshore Wind Farms. Ørsted will begin laying export and array cables and installing the offshore substations and foundations in 2021 and will … Continue reading Ørsted kicks off offshore installation of Greater Changhua 1 & 2a Offshore Wind Farms
Continue readingDanfoss and Ørsted sign wind power PPA
Two of Denmark’s largest companies, Danfoss and Ørsted, have signed a corporate power purchase agreement for 27 MW of the capacity of Horns Rev 2 Offshore Wind Farm. Danfoss, a world-leading industrial manufacturer of energy efficient solutions, has signed a 10-year fixed price corporate power purchase agreement (CPPA) with Ørsted to offtake the renewable electricity … Continue reading Danfoss and Ørsted sign wind power PPA
Continue reading
Ørsted signs wind energy PPA with Target and Hormel Foods Corporation
Energy will come from the Haystack Wind Power project in Nebraska, US, currently under construction and expected online later this year. In addition to PepsiCo, announced earlier this year, Target, a general merchandise retailer, and Hormel Foods, a global branded food company, have signed long-term agreements with Ørsted to purchase energy from the 298 MW … Continue reading Ørsted signs wind energy PPA with Target and Hormel Foods Corporation
Continue reading
Ørsted and PGE form 50-50 joint venture on Baltica 2 and 3 wind power plants
Ørsted and PGE Polska Grupa Energetyczna S.A. (‘PGE’) have signed an agreement to form a 50/50 joint venture for the development, construction and operation of two offshore wind projects in the Baltic Sea with a total potential capacity of up to 2.5 GW. Ørsted will subscribe for new shares representing 50% of the total share … Continue reading Ørsted and PGE form 50-50 joint venture on Baltica 2 and 3 wind power plants
Continue readingHow Ørsted works to ensure a sustainable build-out of green energy
With renewable energy poised to grow at unprecedented pace and scale, Ørsted points to three sustainability challenges at the core of driving a sustainable green energy build-out. Read more in their Sustainability report 2020. The global deployment of renewable energy has gathered pace over the past decade, and is set to triple from about 1,600 … Continue reading How Ørsted works to ensure a sustainable build-out of green energy
Continue reading
The production from the Horns Rev 2 Offshore Wind Farm in Denmark topped 10 billion kWh
Since HRH The Crown Prince inaugurated Ørsted’s offshore wind farm Horns Rev 2 in 2009, the 91 wind turbines at the 35 km2-sized wind farm have generated enough wind power to cover 3 % of the total Danish power consumption. On 17 September 2009, HRH The Crown Prince inaugurated the Horns Rev 2 Offshore Wind … Continue reading The production from the Horns Rev 2 Offshore Wind Farm in Denmark topped 10 billion kWh
Continue readingØrsted reorganises to position for future growth
Over the past decade, Ørsted has successfully undertaken one of the most profound transformations in the global energy industry, transforming from a fossil-based Danish utility business into a global leader in green energy. Over the next decade, global renewable energy markets are expected to grow at double-digit annual growth rates, and installed renewable capacity is … Continue reading Ørsted reorganises to position for future growth
Continue reading
Ørsted signs long-term wind power purchase agreements with PepsiCo for Nebraska and Texas wind farms
PepsiCo will purchase wind energy from the Haystack and Western Trail wind farm projects, currently under construction and expected online later this year. PepsiCo Inc. has signed two agreements with Ørsted to purchase a portion of energy from the 298 MW Haystack wind project in Nebraska and the 367 MW Western Trail wind project in … Continue reading Ørsted signs long-term wind power purchase agreements with PepsiCo for Nebraska and Texas wind farms
Continue reading
Offshore wind energy to produce hydrogen
ITM Power, Ørsted, Siemens Gamesa Renewable Energy, and Element Energy have been awarded EUR 5 million in funding from The Fuel Cells and Hydrogen Joint Undertaking (FCH2-JU) under the European Commission to demonstrate and investigate a combined wind turbine and electrolyser system designed for operation in marine environments. The Fuel Cells and Hydrogen 2 Joint … Continue reading Offshore wind energy to produce hydrogen
Continue readingØrsted brings in CDPQ and Cathay PE as investors in the Greater Changhua 1 Offshore Wind Farm
Ørsted has today signed agreements with a consortium comprising global institutional investor Caisse de dépôt et placement du Québec (CDPQ), and Taiwanese private equity fund Cathay PE, who will be acquiring a total of 50 % ownership share of Ørsted’s 605 MW Greater Changhua 1 Offshore Wind Farm. CDPQ will be the majority owner among … Continue reading Ørsted brings in CDPQ and Cathay PE as investors in the Greater Changhua 1 Offshore Wind Farm
Continue reading
Siemens Gamesa and Ørsted sign their first onshore wind power project in the United States
Project consists of 51 SG 5.0-145 wind turbines and 18 safe harbor turbines for total of 298 MW and a long-term service and maintenance agreement. Siemens Gamesa will supply the wind turbines for the 298 MW Haystack wind farm in Nebraska.This is the first onshore project for both companies in the United States, following the … Continue reading Siemens Gamesa and Ørsted sign their first onshore wind power project in the United States
Continue readingØrsted and Amazon sign Europe’s largest offshore wind energy corporate PPA
Amazon, the technology company based in Seattle, Washington, has signed a 10-year corporate power purchase agreement with Ørsted, the world-leader in offshore wind, to offtake the output of 250MW from Ørsted’s planned 900MW Borkum Riffgrund 3 offshore wind farm in Germany. This CPPA will contribute to Amazon’s target of being 100% renewable by 2030 as … Continue reading Ørsted and Amazon sign Europe’s largest offshore wind energy corporate PPA
Continue readingØrsted divests 25% of Ocean Wind to PSEG
Ørsted has entered into an agreement to sell a 25% ownership interest in its 1,100MW Ocean Wind offshore wind project to New Jersey’s Public Service Enterprise Group (PSEG). PSEG’s contribution will include both a conventional and tax equity investment in the project. The partners did not disclose the value of the transaction. In June 2019, … Continue reading Ørsted divests 25% of Ocean Wind to PSEG
Continue reading
Ørsted enters a two-year agreement from 325 MW of onshore wind energy in the Netherlands
Greenchoice, an energy company with a strong focus on sustainability, manages a portfolio of 325 MW of onshore wind power in the Netherlands. Ørsted has now been chosen to bring the green energy to market and will therefore be responsible for selling and balancing the power from Greenchoice’s onshore wind portfolio. Morten Buchgreitz, Executive Vice … Continue reading Ørsted enters a two-year agreement from 325 MW of onshore wind energy in the Netherlands
Continue reading