Orsted News

Magnora, TechnipFMC JV Applies for Offshore Wind Acreage in Scotland

Jul 19, 2021

Magnora Offshore Wind, a joint venture between Magnora and TechnipFMC, has filed bids for two seabed areas off Scotland, as part of the ScotWind seabed leasing round, which closed for applications on Friday, July 16.Magnora, an Oslo-listed company…

Oil Majors, Renewables Giants Vying for Rights to Build Wind Farms Off Scotland

Jul 18, 2021

Renewable firms, oil majors and investors said they would bid into Scotland's offshore wind leasing round which closed on Friday, signaling the huge demand globally for the rights to build new offshore wind farms.Crown Estate Scotland's ScotWind…

Shell, Iberdrola Plan to Build Large-scale Floating Wind Farms in Scotland

Jul 16, 2021

Oil and gas major Shell and Iberdrola-owned Scottish Power said on Friday they had joined forces to bid to develop large-scale floating wind farms off the coast of Scotland.The companies said they had submitted proposals for the potential projects as part of Scotland's offshore wind leasing round…

BP, EnBW to Invest Billions if Bid for Scottish Offshore Wind Lease Successful

Jul 19, 2021

British oil major BP and the German renewables firm EnBW submitted their bid for offshore wind acreage in the ScotWind leasing round, looking to secure the rights for a lease area off the east coast of Scotland that could support offshore wind projects with 2…

Major Offshore Wind Developer Says U.S. Must Speed Up Permitting Process

Jul 02, 2021

The United States must speed up project permits if it is to meet the Biden administration's 2030 target for offshore wind power, major developer Orsted said on Thursday.The United States, with just two small offshore wind facilities, has lagged…

Eleventh Hour: RWE Joins ScotWind Party

Jul 16, 2021

Renewable energy giant RWE has confirmed it will be taking part in the upcoming offshore wind seabed leasing round process in Scotland, called ScotWind, just as the deadline for applications was about to expire.ScotWind is a seabed leasing round…

Orsted, EDF-Shell JV Wind New Jersey Offshore Wind Farm Tenders

Jul 01, 2021

New Jersey regulators on Wednesday announced that Orsted and a consortium between Royal Dutch Shell and EDF have been awarded two offshore wind farm tenders in the Northeastern state, which it said would be a boon for local manufacturing and create 7…

Ørsted, Falck, BlueFloat to Jointly Bid for Floating Wind Lease in Scotland

Jul 08, 2021

Offshore wind development firm Ørsted has teamed up with onshore wind community engagement firm Falck Renewables and floating wind expert BlueFloat Energy, to participate in the upcoming ScotWind leasing round in Scotland-'The consortium is…

As Big Oil Pushes into Offshore Wind, Seabed Lease Prices Will Rise

Jun 21, 2021

The world's largest offshore wind developer Orsted is concerned that Big Oil's eagerness to harness wind at sea could push up prices for seabed leases, making the technology less competitive, its chief executive told Reuters.European oil firms including Total…

Equinor CEO Calls for More Offshore Wind Areas

Jun 21, 2021

Countries worldwide should make more offshore areas available for wind farms than they do currently if they want to fulfil their climate ambitions, the chief executive of Norwegian oil firm Equinor told Reuters.Like other European oil majors…

Offshore Wind: Orsted Earnings, Shares Dented by Lower Wind Speeds, Cable Problems

Apr 29, 2021

Lower wind speeds and cable problems hit first-quarter earnings at Denmark's Orsted , sending shares in the world's biggest offshore wind farm developer lower on Thursday.Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 4…

Ørsted Joins Norwegian Offshore Wind Venture to Compete in Upcoming Bid Round

Jun 09, 2021

Ørsted, the world's largest offshore wind developer, has joined a consortium with Fred. Olsen Renewables and Hafslund Eco with the aim to compete in Norway's upcoming application round for offshore wind areas.'The Norwegian part of the North…

Chevron Books Floatel Rig for Anchor Field Services

Jun 08, 2021

U.S. oil major Chevron has hired Floatel International's offshore accommodation rig for services at its Anchor field development in the U.S. Gulf of Mexico.Floatel said Tuesday that it would deploy its Floatel Triumph rig for the job. It did not share the financial details…

Shell, Aegir Insights in Offshore Wind Collab

Jun 04, 2021

Denmark-based Aegir Insights, an offshore wind investment analytics company, has announced a partnership with Shell, where Aegir Insights will provide data-driven analytics and intelligence to help Shell's offshore wind business development…

Ørsted Wraps Sale of Offshore Wind Farm Stake to Norwegian Oil Fund

May 31, 2021

Danish offshore wind farm giant Ørsted said Monday it had completed the sale of 50% of the Borssele 1 & 2 Offshore Wind Farm in the Netherlands to Norges Bank Investment Management.Norges Bank Investment Management (NBIM), an entity running Norway's $1…

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