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”.
Orsted has cast some doubt over its future UK offshore wind projects after yesterday’s budget failed to deliver a “full package of support”.
Orsted (CPH: ORSTED), the developer behind the giant Hornsea Three windfarm, has said the £8bn development is at risk without tax breaks.
A skills and innovation hub set for the Highlands is being backed by floating offshore wind developers Renantis, BlueFloat Energy and Orsted.
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.”
Energy bosses have stressed the significance of the subsea industry in pinpointing a solution that allows carbon storage and offshore wind to coexist.
It is likely the UK will fall short in its quest to have 50 gigawatts (GW) of operational offshore wind by the end of the decade.
Orsted has picked London-headquartered Carbon Clean to deliver critical kit for its “milestone” carbon capture and storage project.
A dispute between BP and Orsted over an area of seabed earmarked for both carbon storage and offshore wind is set to come to a head this year as both approach key milestones.
The head of one of the world’s biggest developers of renewable energy, Denmark’s Orsted, worries that the energy transition could see a slowdown as rising competition and interest rates squeeze returns and upend the case for investment.
A trio of leading energy firms are to explore powering integrated UK North Sea hubs using a mammoth offshore wind farm.
UK offshore wind farm investment will be at risk if any windfall tax imposed on renewable producers is too severe, according to the head of the world’s top developer of the projects.
“We’re hopeful we can get the seabed lease then put our foot down on delivering,” is the message from the triarchy behind the Salamander floating wind scheme off Peterhead.
Henriette Holm will be Ørsted (CPH:ORSTED) Japan’s new country manager bringing her extensive experience of heading up project development in the UK, including the world’s largest offshore wind farm, as the company seeks to strengthen its team in the exciting frontier wind market.
US-headquartered Ocergy has been awarded a pre-FEED (front-end engineering design) deal for the foundations for the Salamander floating wind farm off Aberdeenshire.
Developer Ørsted (ORSTED:CPH) and investor Copenhagen Infrastructure Partners (CIP) have joined forces to develop gigawatts of new offshore wind projects in Danish waters.
Offshore wind workers have taken to the streets after receiving a “paltry pay offer” from one of the world’s largest green energy firms.
Panellists at a floating wind event in Aberdeen said the sector was ready for commercial deployment but must now work to get projects in the water lest the UK lose its valuable head start.
Getting ScotWind projects over the finish line is indeed “a race”, a major conference in Aberdeen has heard, but the supply chain mustn’t be left behind.
A Vodafone 4G mobile network has been deployed by Vilicom on the world's largest operational offshore wind farm, Hornsea 2.
A key milestone has been reached in development of the Salamander floating wind farm off Peterhead.
Wind developer Ørsted is making sweeping changes to its organisation, and will see the departure of long-serving Chief Commercial Officer and Deputy Group CEO Martin Neubert.
Nearly half of UK offshore wind capacity is controlled by state-owned or majority state-owned foreign entities, according to a new report.
The consortium behind the Stromar floating wind development off the north-east coast of Scotland has appointed a new director to head up the project.
The world’s largest installed offshore wind farm is now fully operational, Danish renewables giant Orsted has confirmed.
A trio of energy companies have teamed up to look at turning a Southern North Sea gas platform into a home for seabirds.