Ørsted takes FID on Hornsea 3
Ørsted has taken a final investment decision (FID) on the 2.9GW Hornsea 3 wind project – billed as the world’s single largest offshore wind farm.
Ørsted
Ørsted and Centrica executives elected Hydrogen UK co-vice presidents
Hydrogen UK has appointed executives from Ørsted and Centrica to serve as co-vice presidents of the trade association.
Pict partners with Maersk Training to take Get Up Safe stateside
Pict Offshore has partnered with Maersk Training to help instruct workers in the use of its Get Up Safe (GUS) transfer system at US offshore wind farms.
Huge Orsted UK wind park to benefit from Treasury tax relief
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.
Monitoring kicks off at Salamander wind site off Peterhead
The developers of a floating wind scheme off the northeast coast of Scotland have begun gathering wave, wind and weather data at the site.
Europe’s battered wind sector starts to find hope in year of crisis
The crisis engulfing Europe’s wind industry is proving to be a wake-up call: things have to change radically to make progress on what’s a key part of the climate transition.
Ørsted execs step down after US wind cancellations
Two of Ørsted’s top executive management will step down with immediate effect as the company grapples with major impairments and cancellations on its US projects.
Orsted quits Norway offshore wind venture as cost crisis deepens
Orsted A/S (CPH: ORSTED) has withdrawn from a partnership developing offshore wind projects in Norway as the company grapples with big losses resulting from rising costs.
UK prepares to hike wind farm prices as developers struggle
The UK government is preparing to offer significantly higher subsidies for new offshore wind farms to get the country’s clean-power strategy back on track after developers shunned a previous auction.
Ørsted’s US fiasco highlights need for new offshore wind business model
If governments are serious about achieving decarbonisation targets, there needs to be an honest conversation about how to do so in an environment of perennial macroeconomic uncertainty.
DNV completes first phase of collaborative project to optimise floating wind substation design
Norwegian energy firm DNV has completed the first phase of its joint industry project (JIP) aimed at establishing offshore substation standards for the growing floating wind sector.
Biden climate goal remains in reach even after wind setback
The cancellation this week of two major wind projects off the coast of New Jersey effectively sinks President Joe Biden’s end-of-the-decade goal for building out offshore wind energy, a component of the US plan to eventually reach net zero.
Updated: Orsted plunges on abandoned US wind plans, $4 billion writedown
Orsted A/S (CPH: ORSTED) shares slumped to their lowest level in six years after the Danish utility dropped two US wind projects and recorded 28.4 billion kroner ($4 billion) in impairments as the crisis in the wind industry is only getting worse.
World’s top renewable firms reel even as installations surge
The biggest manufacturers of wind turbines and solar panels are facing their most serious financial challenges in years even as deployments of clean energy head for an annual record.
As wind industry struggles, investors brace for Orsted losses
As the German government scrambles to prop up Siemens Energy AG, another major European wind firm faces its own moment of truth after warning of billions of euros in writedowns.
Sweden power crunch can be eased with offshore wind, Orsted says
(Bloomberg) - The best option for Sweden to mitigate a power crunch in the second half of this decade is to speed up approvals for offshore wind parks, said an executive with Orsted A/S, the world’s biggest developer of those sites.
UK offshore wind industry pain to last years, hedge fund says
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.
Monitoring begins at 1GW floating Scotwind site off Caithness
Developers of the Stromar floating offshore wind farm have launched a buoy at its development site, kicking off a year-long monitoring campaign.
Ørsted makes first UK solar play with shares in one of country’s largest sites
Ørsted has entered its first solar project in the UK, buying a share in a 740MW development site in Nottinghamshire.
Gigawaters S2 #4 – ScotWind and Lessons Learned
Welcome to the final episode of the second series of Gigawaters, a four part series exploring the impact of ScotWind. Brought to you by Sustainable Growth Voice and Energy Voice Out Loud, in paid partnership with Orsted.
Ørsted ready to abandon US wind projects without help
Orsted said it’s prepared to walk away from projects in America unless the White House guarantees more support, highlighting the myriad challenges facing wind-energy developers in the country.
US wind under pressure amid potential $2.3bn Ørsted impairment
All told, Ørsted’s impairments may reach 16 billion kroner ($2.33bn).
Orsted shelves Gigastack UK hydrogen project at world’s largest wind farm
Meanwhile, the location of a ‘world first’ floating wind hydrogen demonstrator project off Aberdeen may also be in doubt.
Ørsted exec picked to lead Salamander floating wind scheme
Offshore wind ‘heavy hitter’ Hugh Yendole has been appointed as project development director for a major floating scheme off Peterhead.
Orsted profits plunge on lower power, gas prices
Orsted (CPH: ORSTED) on Thursday reported a 68% year-on-year drop in profits as “significantly lower” power and gas prices took their toll.