LONDON, UK: Ørsted has delivered the first power from the Greater Changhua 1 & 2a Offshore Wind Farm. This represents a big achievement for Ørsted and the industry as Greater Changhua 1 & 2a is the biggest offshore wind project in Taiwan and the company’s first large-scale offshore wind farm in the Asia-Pacific region. Located…
LONDON, UK: Ørsted A/S, the world leader in offshore wind, joins a floating wind joint venture set up by Simply Blue Group and Subsea 7. The Salamander project is a stepping-stone floating wind project off the east coast of Scotland, designed to provide the Scottish supply chain with an early capacity development opportunity before larger…
COPENHAGEN, DENMARK: Ørsted’s Board of Directors appointed Daniel Lerup as the next Group Chief Financial Officer (CFO) and member of Ørsted’s Executive Committee as of 8 April 2022. Daniel Lerup is currently Senior Vice President, Head of Commercial and EPC & Operation Finance at Ørsted and has worked for Ørsted since 2009. The appointment follows…
LONDON, UK: Amazon and Ørsted announced two new corporate power purchase agreements totalling 116 MW of capacity across onshore and offshore wind. Specifically, Amazon will offtake the output of 100 MW from Ørsted’s 900 MW Borkum Riffgrund 3 Offshore Wind Farm in Germany. This CPPA is in addition to the 250 MW CPPA signed in December…
OSLO, NORWAY: Ørsted has acquired Lincoln Land Wind, a 302 MW onshore wind farm in Morgan County, Illinois, from funds managed by Ares Management Corporation’s Infrastructure and Power strategy (Ares). Lincoln Land Wind is fully contracted via power purchase agreements (PPAs) with Meta, formerly the Facebook company, and McDonald’s Corporation (‘McDonald’s’). Lincoln Land Wind reached…
LONDON, UK: Ørsted A/S has signed a EUR 2.0 billion 5-year sustainability-linked syndicated revolving credit facility with two 1-year extension options. The facility is for general corporate purposes and replaces Ørsted’s existing, undrawn EUR 1.4 billion syndicated revolving credit facility entered into in December 2015. To help drive the efforts to meet Ørsted’s ambitious sustainability…
LONDON, UK: Ørsted and Williams have signed a memorandum of understanding (MOU) to explore potential jointly developed Power-to-X projects clean energy in the US. Through the MOU, the two companies are identifying ways to leverage Ørsted’s renewables and hydrogen expertise with Williams’ natural gas infrastructure and processing experience to co-develop hydrogen or synthetic natural gas…
LONDON: On 22 April 2021, Eesti Energia, a leading utility and the largest wind energy company in the Baltics, signed a memorandum of understanding (MoU) with Ørsted, the global leader in offshore wind. The MoU outlines a vision for developing large-scale offshore wind in the Baltic countries, and to jointly move towards delivering the first…
COPENHAGEN: Ørsted A/S has entered into an agreement with Brookfield Renewable to acquire 100% equity interest in its existing Ireland and UK onshore wind business, Brookfield Renewable Ireland (BRI). The agreement is based on an enterprise valuation of BRI of EUR 571 million as of 31 December 2020. The final price will be subject to…
HERNING: Everfuel A/S has signed a contract with Ørsted for the offtake and distribution of green hydrogen to zero emission mobility, produced at the H2RES demonstration project on Avedøre Holme in Copenhagen, Denmark. The contract was signed as Ørsted announced its final investment decision for the H2RES project’s electrolyser facility, which will be the company’s…
LONDON: ITM Power, Ørsted, Siemens Gamesa Renewable Energy, and Element Energy have been awarded EUR 5 million in funding from The Fuel Cells and Hydrogen Joint Undertaking (FCH2-JU) under the European Commission to demonstrate and investigate a combined wind turbine and electrolyser system designed for operation in marine environments. The Fuel Cells and Hydrogen 2…