Ørsted and wind turbine manufacturer Vestas announced a partnership to promote sustainable business models. Under the collaboration, Ørsted will procure wind turbine towers made from low-carbon steel and blades made from recycled materials from Vestas for offshore wind farms. In terms of solar energy recycling, the Danish energy company also announced a partnership with SOLARCYCLE […]
Ørsted to acquire Eversource share of uncontracted offshore wind seabed – EQ Mag
Ørsted to fully own seabed with up to 4 GW of capacity and fully own strategic O&M contracts. Acquisition further strengthens Ørsted’s offshore wind energy position in the US Northeast. 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 […]
Ørsted, Eversource make 884-MW bid in Rhode Island offshore tender – EQ Mag
Denmark’s Ørsted A/S (CPH:ORSTED) and New England utility Eversource Energy (NYSE:ES) have submitted a proposal for an 884-MW wind farm called Revolution Wind 2 in Rhode Island’s latest offshore wind solicitation. The joint venture (JV) partners said on Monday that their proposal would bring over USD 2 billion (EUR 1.87bn) in direct economic investments to […]
Orsted says offshore business faced headwinds in Q4 due to delays, hedges – EQ Mag
Denmark’s Ørsted, the world’s No. 1 offshore wind farm developer, on Wednesday reported fourth-quarter operating profit in line with preliminary 2022 numbers but said its offshore business faced challenges. “In a year with unusual market conditions, not least the very volatile energy prices and a substantial increase in inflation, we’re happy to achieve a record-high […]
Sector majors go head-to-head in New York’s 3rd offshore wind competition – EQ Mag
Sector majors go head-to-head in New York’s 3rd offshore wind competition. New York’s third competitive offshore wind solicitation, launched last summer with a target of at least 2,000 MW, closed for project submissions on January 26, but not before drawing bids from some of the sector majors. EQUINOR AND BP Norwegian energy group Equinor ASA […]
Ørsted extends its 100% renewable electricity target to all suppliers
Ørsted has set a clear expectation towards all suppliers to use 100 % renewable electricity by 2025, becoming the first energy company in the world to do so. The commitment builds on learnings from Ørsted’s existing supply chain decarbonisation programme, first established in 2020, and supports the company’s industry-first science-based 2040 net-zero target. The company has reduced its […]
Ørsted enters Spanish onshore renewables market with solar and wind partnerships
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 […]
Orsted plans $57 bln drive to be No.1 in green energy
The Danish firm, which sold its oil and gas business in 2017, has benefited hugely from policies to implement the 2015 Paris Agreement, a collective shot at limiting global warming. COPENHAGEN: Orsted, the world’s largest offshore wind farm developer, is ramping up its investment in renewables to $57 billion by 2027, seeking to become a […]
Orsted Selects POSCO as Partner for Wind Farm and Green Hydrogen Projects
SEOUL : Orsted, a Danish power company involved in major offshore wind power projects in the world, selected POSCO as a crucial business partner for green hydrogen and offshore wind power businesses. The Danish company has promised to shape a competitive supply chain with local companies for a major offshore wind power complex to be […]
Denmark’s Orsted to Work With South Korean Steel Giant on Offshore Wind, Renewable Hydrogen
Orsted wants to develop as much as 1.6 gigawatts (GW) of offshore wind near Incheon, South Korea. A number of major firms have recently revealed plans to develop renewable hydrogen facilities. Energy firm Orsted has signed a memorandum of understanding with South Korean conglomerate POSCO that will focus on offshore wind and renewable hydrogen. In […]