Offshore wind developer Ørsted has completed the sale of a 25% stake in its 1,1 GW Ocean Wind offshore wind project off the coast of Atlantic City to New Jersey’s Public Service Enterprise Group (PSEG).Ocean Wind is a 1,100 MW offshore wind farm located 15 miles off the coast of southern New Jersey…
Norges Bank Investment Management (NBIM), an entity running Norway's $1.3 trillion sovereign wealth fund - popularly known as the oil fund - has agreed to acquire 50 percent in the Borssele 1 & 2 offshore wind farm in the Netherlands from the…
Denmark's Ørsted plans to develop an offshore wind farm and adjacent hydrogen plant at the North Sea Port straddling the Dutch-Belgian border, the company said on Wednesday.The wind farm would have capacity to produce 2 gigawatts of electricity and would power the 1-gigawatt hydrogen plant…
NOAA and offshore wind development company Ørsted have signed a memorandum of agreement (MOA) to share physical and biological data in Ørsted-leased waters subject to U.S. jurisdiction. NOAA, said the MOA is the first of its kind with an offshore…
The U.S. administration on Monday announced a set of actions to accelerate offshore wind energy development and set a target to install 30 GW of offshore wind energy by 2030. The news was welcomed by Orsted, one of the world's largest offshore wind developers…
Offshore wind developer Ørsted has appointed Joanne Fernandez as Head of Government Affairs and Policy in New York.Fernandez will be responsible for setting and shaping the Ørsted legislative and regulatory agenda in New York as well as working…
Danish authorities have told offshore wind developer Ørsted to pay taxes and interests amounting to DKK 6.6 billion (around USD $1 billion) for the company's British offshore wind farms Walney Extension and Hornsea 1 in the tax years 2015 and 2016…
The Danish Supreme Court on Monday ruled that offshore wind developer Ørsted can keep using its name, following a lawsuit brought after the company changed its name from DONG Energy to Ørsted back in 2017.The name change took place after DONG…
Danish offshore wind farm developer Ørsted has teamed up with Polish PGE to develop two offshore wind farm projects in the Baltic Sea, off Poland.Ørsted and PGE will form a 50/50 joint venture which will work on the development, construction…
Offshore wind developer Ørsted has appointed Madeline “Maddy” Urbish as Head of Government Affairs and Policy for New Jersey, a state which has set a goal of 7,500 MW of offshore wind energy by 2035.Ørsted said Urbish would be responsible for…
E-commerce and cloud computing giant Amazon has signed a 10-year corporate power purchase agreement with offshore wind firm Ørsted.In what has been described as Europe's largest ever offshore wind power purchase deal, Amazon has committed to…
Hornsea 1 Limited, a joint venture owned by Ørsted (50 %) and Global Infrastructure Partners (GIP) (50 %), which operates the giant Hornsea 1 offshore wind farm, located 120km off the Yorkshire Coast, the UK, has struck a deal to sell its transmission assets…
DNV, the independent energy expert and assurance provider, has been retained by Poland-based offshore wind developer PGE Baltica, to assist with the setting up of an offshore wind joint venture between PGE and Ørsted.DNV, which on Thursday officially changed its name from DNV GL to DNV…
It's no longer news that the U.S. is set to become the next big offshore wind market, with an IEA 2019 report forecasting 40 GW of installed offshore wind capacity in the country by 2040, which will require a $100 billion investment.To meet this expected growth…
CWind, offshore wind crew transfer specialist, on Tuesday announced the delivery of what it described as 'the world’s first hybrid-powered Surface Effect Ship (SES),' the CWind Pioneer crew transfer vessel.CWind said that the crew transfer vessel…
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