(IN BRIEF) Ørsted has decided to discontinue the Hornsea 4 offshore wind project due to increased costs, higher interest rates, and elevated risks, making the project’s current execution untenable. The company plans to explore alternative options for the project while … Read the full press release
Posted in Business, Denmark, Economy, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology, United Kingdom
Tagged breakaway costs, CFD, Contract for Difference, energy transition, Hornsea 4, Offshore wind, partnership, project discontinuation, Rasmus Errboe, risks, supply chain, sustainability, UK, wind energy, Ørsted
(IN BRIEF) Effective 1 May 2025, Ørsted is expanding its Group Executive Team with the appointments of Amanda Dasch as Chief Development Officer and Godson Njoku as Chief Generation Officer. Dasch will lead commercial development and strategic functions globally, while … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Industrial, Management, News, Technology
Tagged Amanda Dasch, appointment, commercial development, corporate governance, Denmark, energy generation, energy industry, energy leadership, executive appointments, global strategy, Godson Njoku, Group Executive Team, leadership, Offshore wind, organizational restructuring, project execution, Rasmus Errboe, renewable energy, Shell, sustainable energy, United Kingdom, wind power, Ørsted
(IN BRIEF) WindEurope’s Board of Directors has named Henrik Andersen, CEO of Vestas, as the new Chair for an 18-month period, with Rasmus Errboe, CEO of Ørsted, serving as Vice-Chair. This leadership change comes at a pivotal time as Europe … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Management
Tagged Board of Directors, Clean Industrial Deal, companies, electrification, Energy Independence, Europe, European energy transformation, grid infrastructure, Henrik Andersen, industrial competitiveness, JOBS, permitting efficiencies, Rasmus Errboe, regulatory packages, Vestas, wind energy, WindEurope, Ørsted
(IN BRIEF) Ørsted has announced Rasmus Errboe as its new Group President and CEO, effective February 1, 2025, following Mads Nipper’s decision to step down. The leadership change comes as Ørsted faces a rapidly evolving renewable energy market, particularly in … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, Technology
Tagged appointment, CEO, Chief Lene Skole, Copenhagen University, energy industry, green transition, IPO, leadership, leadership transition, Mads Nipper, Offshore wind, Rasmus Errboe, regulatory landscape, renewable capacity, renewable energy, supply chain bottlenecks, University of San Diego, Ørsted
(IN BRIEF) Ørsted has secured Contracts for Difference (CfDs) from the UK Department for Energy Security and Net Zero for significant portions of its Hornsea 3 and Hornsea 4 offshore wind farms. Hornsea 3, set to become the world’s largest … Read the full press release
(IN BRIEF) Ørsted has deployed heavy-lift cargo drones at the Borssele 1&2 Offshore Wind Farm, marking a significant advancement in operational efficiency and safety. These drones, capable of carrying up to 100 kg, significantly reduce the time required for cargo … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Security & Safety, Technology
Tagged Borssele Offshore Wind Farm, heavy-lift cargo drones (HLCD), Netherland, partnership, Rasmus Errboe, safety, sustainability, 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
(PRESS RELEASE) FREDERICIA, 1-Dec-2021 — /EuropaWire/ — Ørsted (CPH: ORSTED), a Danish leading operator of offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, has announced it signed two new corporate power purchase agreements (CPPAs) for … Read the full press release
Posted in Denmark, Energy, Gas & Oil, Environment, Germany, Industrial, Infrastructure & Utilities, Ireland, News, Technology
Tagged Amazon, Amazon Onshore Wind Farm Texas, Ballykeel Onshore Wind Farm, Borkum Riffgrund, Borkum Riffgrund 3, carbon-neutral, climate change, cloud computing, CPPA, decarbonisation, digital streaming, E-Commerce, Green Energy, green transformation, net-zero carbon emissions, offshore, Offshore wind, offshore wind farm, Onshore, Power Purchase Agreements, Ralf Kleber, Rasmus Errboe, renewable energy, SBTi, Seattle, sustainable energy, Washington, Ørsted
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