COPENHAGEN: Danish energy company Ørsted has completed the sale of a 24.5% stake in the West of Duddon Sands Offshore Wind Farm to Schroders Greencoat for £456.1 million (approximately DKK 4 billion). The transaction, part of Ørsted’s partnership and divestment program, was finalized on April 30, 2025. Located 14 kilometers off the UK’s west coast,…
LONDON: Ørsted has announced a $572 million divestment of a 50% equity stake in three U.S. onshore projects to Energy Capital Partners (ECP), a prominent energy transition-focused investor. The projects, set to begin operations in 2024, include two solar farms in Texas, Mockingbird Solar (468 MW) and Sparta Solar (250 MW), and Eleven Mile Solar…
LONDON: Ørsted has taken final investment decision on a battery energy storage system, which will provide stability to the UK energy supply and reduce price volatility. The Tesla battery energy storage system will be installed on the same site as the onshore converter station for Ørsted’s Hornsea 3 Offshore Wind Farm in Swardeston, near Norwich,…
In a landmark achievement for the U.S. offshore wind energy sector, the nation witnessed the christening of the ECO EDISON, the first-ever offshore wind service operations vessel (SOV) constructed in America, owned by Americans, and operated by an American crew. This vessel is set to play a pivotal role in fostering domestic energy production and…
LONDON: The Australian Government has announced that it has granted a feasibility licence for Ørsted’s first offshore wind project in Australia and intends to grant a licence for a second project, subject to consultation. With the licences, Ørsted aims to develop large-scale offshore wind farms in Australia off the coast of Gippsland, Victoria, to be…
LONDON: Through the partnership with Stonepeak, Ørsted will recycle capital to support its business plan and future value-creating renewable energy projects. Ørsted has signed a transaction with Stonepeak, a leading alternative investment firm specialising in infrastructure and real assets, whereby Ørsted will divest to Stonepeak an equity ownership stake in a portfolio consisting of four…
LONDON: Ørsted, the world’s leading offshore wind developer, has unveiled its updated business plan following a comprehensive portfolio review. The company aims to grow its installed capacity from 12 GW to 50 GW by 2030, with a focus on offshore wind, onshore renewables, and renewable hydrogen. The company also announced that Thomas Thune Andersen, who…
Ørsted, a Danish renewable energy company, has agreed to acquire Eversource’s 50 percent share of Sunrise Wind, a 924 MW offshore wind farm that would supply power to New York. The deal is contingent on Sunrise Wind winning the New York 4 solicitation for offshore wind capacity, which is expected to be announced soon. Sunrise…
LONDON, UK: Ørsted, a global leader in renewable energy, has announced a partnership with Terra Solar, a Dublin-based renewable energy developer, to develop a portfolio of solar projects in Ireland with a capacity of up to 400 MW. The projects are expected to power over 90,000 Irish homes and contribute to the country’s 8 GW…
COPENHAGEN, DENMARK: Ørsted has entered four partnerships to pursue early-stage solar and onshore wind projects in the upcoming grid auctions in Spain and announces multi-GW ambitions in the market long-term. To support its Spanish ambitions, the company has established a team and office in Madrid. In 2021, Ørsted entered the European onshore market by acquiring…
COPENHAGEN, DENMARK: Ørsted has agreed to acquire Ford County Wind, a 121 MW onshore wind farm in Ford County, Illinois, from funds managed by Ares Management Corporation’s Infrastructure Opportunities strategy. Upon the closing of the acquisition, Ørsted will add 121 MW operational wind to its portfolio in the US MISO market, which covers 15 states in the…
PARIS, FRANCE: Ørsted and TotalEnergies have joined forces to jointly submit bids for the two Dutch offshore wind tenders “Holland Coast West” with the aim to achieve net positive impact on biodiversity and the Dutch energy system. The Holland Coast West wind farms are located approximately 53 km off the Dutch coast and have a…