Danish wind farm giant Ørsted (ORSTED.CO) has revealed plans to install a Tesla (TSLA.O) battery storage system at its Hornsea 3 wind farm in East Anglia.
Aberdeen-based offshore services group Balmoral Comtec has received a multi-million-pound contract for the supply of cable protection systems (CPS) by Orsted for its major Hornsea 3 project.
Orsted (CPH: ORSTED) will benefit from permanent tax breaks announced by UK Chancellor Jeremy Hunt in an effort to support the country’s business in the shift to clean energy.
The once-booming UK offshore wind industry faces years of pain, including project delays and possible cancellations, due to soaring costs and higher interest rates.