UK offshore wind industry pain to last years, hedge fund says
The once-booming UK offshore wind industry faces years of pain, including project delays and possible cancellations, due to soaring costs and higher interest rates.
Ørsted
Monitoring begins at 1GW floating Scotwind site off Caithness
Developers of the Stromar floating offshore wind farm have launched a buoy at its development site, kicking off a year-long monitoring campaign.
Ørsted makes first UK solar play with shares in one of country’s largest sites
Ørsted has entered its first solar project in the UK, buying a share in a 740MW development site in Nottinghamshire.
Gigawaters S2 #4 – ScotWind and Lessons Learned
Welcome to the final episode of the second series of Gigawaters, a four part series exploring the impact of ScotWind. Brought to you by Sustainable Growth Voice and Energy Voice Out Loud, in paid partnership with Orsted.
Ørsted ready to abandon US wind projects without help
Orsted said it’s prepared to walk away from projects in America unless the White House guarantees more support, highlighting the myriad challenges facing wind-energy developers in the country.
US wind under pressure amid potential $2.3bn Ørsted impairment
All told, Ørsted’s impairments may reach 16 billion kroner ($2.33bn).
Orsted shelves Gigastack UK hydrogen project at world’s largest wind farm
Meanwhile, the location of a ‘world first’ floating wind hydrogen demonstrator project off Aberdeen may also be in doubt.
Ørsted exec picked to lead Salamander floating wind scheme
Offshore wind ‘heavy hitter’ Hugh Yendole has been appointed as project development director for a major floating scheme off Peterhead.
Orsted profits plunge on lower power, gas prices
Orsted (CPH: ORSTED) on Thursday reported a 68% year-on-year drop in profits as “significantly lower” power and gas prices took their toll.
Mammoet JV to support Ørsted wind projects off Taiwan
Ørsted has picked a local venture of heavy lift specialist Mammoet to support development of its major Greater Changhua wind projects off Taiwan.
Ørsted sells £700m stake in London Array offshore wind project
Danish wind developer Ørsted has sold its remaining stake in the London Array offshore wind scheme off the Kent coast.
World’s biggest wind power projects are in crisis just when world needs them most
Offshore wind projects are facing an economic crisis that erased billions of US dollars in planned spending this week — just as the world needs clean energy more than ever.
Ørsted secures consent for Hornsea 4 wind farm
The government has given Ørsted (CPH:ORSTED) the green light to develop its proposed 2.6GW Hornsea Four project off the Yorkshire coast.
Shell sustainability head exits after only two years
Brostrøm joined Shell in August 2021. He had previously acted as president of Ørsted North America, overseeing offshore wind plans in Massachusetts and New Jersey.
Salamander signs agreement for INTOG floating wind site
Project partners behind the Salamander floating wind farm have signed an exclusivity agreement with Crown Estate Scotland following success in the INTOG leasing round.
Ørsted hails ‘all-time high’ offshore earnings in Q1 statement
Ørsted reported a “strong start” to 2023 in its Q1 financial statements, as power generation and earnings from its offshore portfolio rose.
Cargo ship collides with Orsted wind turbine
A cargo ship has sustained damage to the outer skin of its hull following a collision with a turbine in Orsted’s Gode Wind 1 offshore wind farm in Germany.
Offshore wind supply chain needs to triple by 2030, Orsted CEO says
Rising demand to install offshore wind for zero-carbon electricity means the supply chain will need to triple before the end of this decade, Orsted’s chief said.
Ørsted takes FID on 900MW wind projects off Taiwan
Ørsted has taken a final investment decision (FID) on the 920 MW Greater Changhua 2b and 4 offshore wind farms in Taiwan.
Gigawaters S2 #1 – The Future of a Sustainable Scotland
In the first episode of Season 2 of the Gigawaters podcast, Sustainable Growth Voice editor Felicia Jackson and her guests discuss the challenges and opportunities in deploying Scotland’s 28GW offshore wind pipeline.
Offshore wind giant Orsted to review UK project pipeline after ‘disappointing’ budget
Orsted has cast some doubt over its future UK offshore wind projects after yesterday’s budget failed to deliver a “full package of support”.
Giant Hornsea Three wind farm at risk without tax breaks
Orsted (CPH: ORSTED), the developer behind the giant Hornsea Three windfarm, has said the £8bn development is at risk without tax breaks.
Highland offshore renewables skills hub backed by wind developers
A skills and innovation hub set for the Highlands is being backed by floating offshore wind developers Renantis, BlueFloat Energy and Orsted.
Investors eager for clean tech risk, despite challenges
Shell Ventures principal Bilal Ahmad said he saw more opportunity in “clean energy than I see in oil and gas. As a venture fund, we’ve ceased investing in oil and gas. It doesn’t make sense, from a returns perspective.”
‘Super urgent’ for industry to crack offshore wind, CCS coexistence conundrum
Energy bosses have stressed the significance of the subsea industry in pinpointing a solution that allows carbon storage and offshore wind to coexist.