(IN BRIEF) Ørsted’s interim report for the first quarter of 2024 reveals operating profit in line with expectations, with a notable 18% increase in offshore site earnings, attributed to factors such as higher wind speeds and successful project completions. The … Read the full press release
Posted in Business, Denmark, Economy, Energy, Gas & Oil, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Financial, investment, Mads Nipper, offshore wind projects, Ørsted
(IN BRIEF) The Australian Government has granted feasibility licences to Ørsted for its first offshore wind project in Australia, with intentions to grant a licence for a second project pending consultation. These licences provide Ørsted with exclusive site access to … Read the full press release
(IN BRIEF) Ørsted, a global leader in renewable energy, is divesting its French onshore operations to ENGIE as part of its strategic realignment towards key European markets for onshore renewables. The share purchase agreement includes the sale of OSTWIND International … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged ENGIE, France, Kieran White, onshore renewables, partnership, sustainability, Ørsted
(IN BRIEF) Taiwan celebrates the inauguration of the Greater Changhua 1 and 2a offshore wind farms, marking a significant milestone in the nation’s renewable energy journey. With a total installed capacity of 900 MW, these wind farms are the largest … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Asia-Pacific, Christy Wang, Emmanuel Jaclot, Jeff Chang, Mads Nipper, offshore wind farms, partnership, Patrick Harnett, Per Mejnert Kristensen, President Tsai Ing-wen, Shen Jong-chin, sustainability, Taiwan, Wang Mei-hua, Ørsted
(IN BRIEF) Ørsted A/S has finalized its invitation to holders of its EUR 500,000,000 2.25% green hybrid capital securities due in 3017 to tender their securities for purchase by Ørsted for cash. With EUR 249,544,000 in aggregate principal amount of … Read the full press release
Posted in Business, Denmark, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News
Tagged Financial, Hybrid Capital Securities, investment, sustainability, tender offer, Ørsted
(IN BRIEF) Ørsted, a global renewable energy leader, has partnered with Incheon Metropolitan City, Korea, to develop an offshore wind power industry in the region. The collaboration aims to establish a local wind power sector centered around Ørsted’s 1.6 GW … Read the full press release
(IN BRIEF) DNV has successfully piloted ReWind, a digital service aimed at enhancing the sustainability of wind turbine decommissioning. The pilot involved seven customers across seven countries, resulting in significant time and cost savings compared to traditional methods. ReWind automates … Read the full press release
Posted in Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, Norway, Technology
Tagged decommissioned wind turbines, decommissioning plan, DNV, Energia, independent assurance, Johan Schoovonen, lifecycle of turbines, Matthew Geraghty, recycling, ReWind, risk management, SSE, wind auctions, wind farms, wind turbine blades, wind turbine decommissioning, WindEurope, Ørsted
(IN BRIEF) Ørsted, a leading renewable energy company, has teamed up with Danish district heating providers VEKS and CTR to utilize surplus heat generated by a carbon capture plant at Avedøre Power Station. This surplus heat will be used to … Read the full press release
(IN BRIEF) Ørsted has announced its decision to reposition the Skipjack Wind project, a combined 966 MW offshore wind project off the coast of the Delmarva peninsula in the US, to explore future offtake opportunities. In consultation with the State … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Government, Industrial, Infrastructure & Utilities, Management, News
Tagged David Hardy, Skipjack Wind Project, Ørsted
(IN BRIEF) Ørsted has given the green light for the Farranrory Onshore Wind Farm in Tipperary, marking its 22nd wind farm project in Ireland. Comprising nine wind turbines with a total capacity of 43.2 MW, the wind farm is set … Read the full press release
(IN BRIEF) DNV has secured a contract from Ørsted and PGE to certify the Baltica 2 offshore wind farm located in the Polish part of the Baltic Sea. This project plays a crucial role in Poland’s transition to green energy, … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) and Ørsted have inked a €400 million framework loan agreement to support the expansion of wind energy production, in alignment with the RePowerEU initiative’s objectives. This marks their fifteenth joint project, reflecting Ørsted’s … Read the full press release
Posted in Banks, Business, Denmark, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Denmark, EIB, Europe, Kasper Kiim Jensen, partnership, renewable energy, sustainability, Thomas Östros, Ørsted
(IN BRIEF) Ørsted has commenced construction on two carbon capture facilities at the Asnæs Power Station and Avedøre Power Station in Denmark, marking the country’s inaugural full-scale carbon capture endeavor. This project, backed by a 20-year contract from the Danish … Read the full press release
Posted in Business, Construction, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Asnæs Power Station, Avedøre Power Station, Carbon Capture Project, Denmark, Lars Aagaard, Mads Nipper, Martin Damm, Ole Thomsen, partnership, sustainability, Søren Friis Trebbien, Ørsted
(IN BRIEF) At COP28, Ørsted announced that its FlagshipONE project, Europe’s largest e-methanol plant, has received support from the EU-Catalyst Partnership, including the European Commission, Breakthrough Energy Catalyst, and the European Investment Bank. This partnership will aid in advancing carbon-neutral … Read the full press release
Posted in Denmark, Energy, Gas & Oil, Environment, European Union, Financial, Industrial, Infrastructure & Utilities, Transportation & Logistics
Tagged Breakthrough Energy Catalyst, carbon-neutral shipping, COP28, decarbonisation of shipping, e-methanol plant, EU-Catalyst Partnership, European Commission, European Investment Bank, FlagshipONE, Global shipping, Mads Nipper, Övik Energi, Rodi Guidero, Werner Hoyer, Ørsted
(IN BRIEF) DNV and 14 industry partners, including RWE, Vattenfall, Ørsted, and others, have completed phase 1 of the Emission Reduction (EMRED) Joint Industry Project (JIP), which aims to develop a monitoring and reporting framework for quantitatively assessing greenhouse gas … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged Arnstein Eknes, Atheloen and Fred, Cadeler, DEME, DNV, Emission Reduction Framework, GustoMSC, Heerema, Jan De Nul Group, Jan Schanke-Jørgensen, Maersk Supply Service, Offshore wind, partnership, Peter Staal, RWE, Scottish Power Renewables, sustainability, Van Oord, Vattenfall, Ziton, Ørsted
(IN BRIEF) Ørsted, a global leader in renewable energy, has announced the departure of two members of its executive management team: Daniel Lerup, Chief Financial Officer (CFO), and Richard Hunter, Chief Operating Officer (COO), by mutual agreement. This decision is … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Industrial, Management, News
Tagged Andrew Brown, appointment, CFO, COO, Daniel Lerup, leadership, Mads Nipper, Olivia Breese, Rasmus Errboe, Richard Hunter, Ørsted
(IN BRIEF) The Anholt Offshore Wind Farm in Denmark has launched a research project to cultivate low-carbon foods like seaweed and mussels while protecting the marine environment. The project aims to address both the climate crisis and marine conservation by … Read the full press release
Posted in Denmark, Energy, Gas & Oil, Environment, Food & Beverage, Industrial
Tagged Anholt Offshore Wind Farm, biodiversity, Boulder reefs, climate crisis, climate-friendly foods, Denmark, Dewi Dylander, Drones, DTU, Ingrid Reumert, Jan Kæraa Rasmussen, Jens Kjerulf Petersen, Kattegat, marine ecosystem, marine environment, offshore wind farm, PensionDanmark, PKA, renewable electricity, seaweed, Technical University of Denmark, ULTFARMS project, Ørsted
(IN BRIEF) Danish renewable energy company Ørsted has made significant decisions regarding its US offshore wind portfolio. The company has chosen to discontinue the development of the Ocean Wind 1 and 2 projects due to supplier delays, changing assumptions, and … Read the full press release
(IN BRIEF) Avedøre Power Station, located south of Copenhagen and operated by Ørsted, is embarking on an ambitious carbon capture and storage (CCS) initiative as part of its transition to greener energy sources. The power station, which has already phased … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Avedøre Power Station, Copenhagen, COWI, Innovative Carbon Capture, Ole Biede, partnership, Storage Project, sustainability, Ørsted
(IN BRIEF) Ørsted, a leading renewable energy company, has signed an agreement to sell its remaining 25% minority interest in the London Array Offshore Wind Farm in the UK to funds managed by Schroders Greencoat, a specialist asset manager in … Read the full press release
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