Ørsted, the world’s leading developer of offshore wind farms, has designed and developed the first uncrewed surface vessel (USV) in the industry for offshore met-ocean measurement campaigns. The measurement data will help lower uncertainties in the expected annual energy production for new offshore wind farms. Ørsted, who has patented the USV concept, sees enormous potential … Continue reading Ørsted invents and patents uncrewed surface measuring vessel
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Repsol, Ørsted and Puerto de A Coruña support floating offshore wind power
The objective is to facilitate the development, construction, operation and maintenance of future floating offshore wind projects.Repsol, Ørsted and the A Coruña Port Authority have signed an agreement to support floating offshore wind power. The objective is to facilitate the development, construction, operation and maintenance of future offshore-floating wind projects. With this agreement, an important … Continue reading Repsol, Ørsted and Puerto de A Coruña support floating offshore wind power
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Ørsted and WWF embark on marine restoration project in the Danish North Sea to contribute to ocean biodiversity
The marine restoration project ‘BioReef’ aims to establish one or more biogenic reefs of European flat oysters and horse mussels in Danish waters. The project is part of the global partnership between Ørsted and WWF to advance offshore wind with a net-positive impact on the ocean. Over the last century, there has been a drastic … Continue reading Ørsted and WWF embark on marine restoration project in the Danish North Sea to contribute to ocean biodiversity
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Ørsted issues blue bonds, vows to recycle solar panels, wind turbines
On World Ocean Day, Ørsted has become the first energy company in the world to issue blue bonds. The five-year, EUR 100 million blue bond was issued in a private placement format in accordance with the IFC Blue Finance Guidelines. Net proceeds from the issuance will be allocated to investments in offshore biodiversity, in line … Continue reading Ørsted issues blue bonds, vows to recycle solar panels, wind turbines
Continue readingØrsted confirms its ambition of ~50 GW of wind and solar by 2030
Ørsted will host a Capital Markets Day (CMD) on 8 June 2023 to present recent progress and strategic updates on its ambition to become the world’s leading green energy major. Ørsted is committed to the following ambitions, financial targets, and financial policies for 2023-2030: Ørsted expects to outperform EBITDA and ROCE targets set in 2021Ørsted has … Continue reading Ørsted confirms its ambition of ~50 GW of wind and solar by 2030
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Ørsted and Vestas in industry-first pioneering partnership towards net-zero wind farms
Ørsted and Vestas, global leaders in wind energy, are announcing a commercial sustainability partnership. Ørsted will procure low-carbon steel wind turbine towers and blades made from recycled materials from Vestas in all joint offshore wind projects. The deployment of offshore wind is crucial to enhancing energy security, advancing affordable energy for all, and not least … Continue reading Ørsted and Vestas in industry-first pioneering partnership towards net-zero wind farms
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Ørsted commits to reuse or recycle all solar panels
Ørsted is the world’s first energy developer to commit to reuse or recycle all solar panels from its global portfolio of solar farms with immediate effect. Solar energy is a key technology for the green energy transition and for limiting global warming. The deployment of this technology requires vast amounts of virgin materials. The mining … Continue reading Ørsted commits to reuse or recycle all solar panels
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ESB and Ørsted enter partnership in landmark Irish offshore wind agreement
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
Continue readingØrsted 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
Continue readingØrsted 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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