Equinor has acquired a 9.8% stake in Ørsted, becoming the second largest shareholder in the company after the Danish State, which holds a controlling stake.Equinor's ownership position has been built over time, through a combination of market purchases and a block trade…
Australian offshore support vessel owner MMA Offshore has secured an offshore wind site survey contract from Ørsted in Australia.The scope of the contract entails one of the first reconnaissance site surveys taking place in the Gippsland Offshore Wind Zone since the award of feasibility licenses…
Ørsted has signed a partnership agreement with Brookfield, its institutional partners, and its listed affiliate Brookfield Renewable, for the sale of 12.45% stakes in four of its operational U.K. offshore wind farms, with a combined capacity of approximately 3…
Ørsted has submitted a finalized proposal for its Long Island Wind project, a 1,485 MW offshore wind project that could power up to one million New York homes with renewable energy.With commercial operation starting in 2033, Long Island Wind would deliver up to 1…
Fugro has been selected by Ørsted to undertake a 12-month floating lidar measurement campaign for its Gippsland offshore wind farms, off south coast Gippsland in Victoria.Fugro’s SEAWATCH Wind Lidar Buoy will measure wind, wave, current and…
Skyborn Renewables, a Global Infrastructure Partners (GIP) portfolio company, has completed the acquisition of a 50% stake in the Revolution Wind and South Fork Wind projects from U.S. utility Eversource Energy, becoming a joint venture partner in the offshore wind farms with Ørsted…
On August 31, Ørsted will shut down its last coal-fired combined heat and power plant, Esbjerg Power Station, located in the Western part of Denmark.The yearly consumption of coal at Esbjerg Power Station has been approximately 500,000 tonnes…
Salamander, a joint venture between Ørsted, Simply Blue Group and Subsea7, has partnered with two Scottish universities to investigate any potential impact of floating windfarms on marine ecosystems.The PREDICT 2.0 initiative involves deployment…
Early 2024 saw a group of financial deals that have implications, in a broad sense, for how offshore wind projects may be financed. While offshore wind projects might be thought of as being in the ‘utility finance’ basket, they are ultimately…
The cost to construct the United States' first domestically built wind turbine installation vessel (WTIV), Charybdis, has risen to $715 million, Dominion Energy revealed in its latest quarterly results, marking another snag for the fledgling U…
Renewable energy group Orsted booked 3.2 billion Danish crowns ($472 million) in impairment losses in the second quarter, due partly to a delay in construction of a major U.S. offshore wind project, sending its shares down almost 8% on Thursday…
U.S. marine robotics company Ocean Infinity has completed an offshore wind farm survey for Ørsted and PGE in the Polish sector of the Baltic Sea, using lean crewed vessel and real-time remote data management.The project team based in Ocean Infinity’s operations centre in Gothenburg…
Ørsted has started deploying heavy-lift cargo drones (HLCD) for the first time in an operational campaign at the Borssele 1&2 offshore wind farm.The move marks a significant leap forward in operational efficiency and safety in the offshore wind industry…
Ørsted has completed the acquisition of Eversource’s 50 % share of Sunrise Wind, a 924 MW offshore wind farm located off the coast of New York.The purchase price at closing to acquire Eversource’s share of Sunrise Wind is $152 million.At signing in January 2024…
Marine and engineering consultancy Global Maritime said it has been awarded a contract by the Salamander Offshore Wind Farm, a joint venture between Ørsted, Simply Blue Group and Subsea7, to provide engineering services for the PREDICT 2.0 project…
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