Ørsted, the global provider in offshore wind, and Eversource, New England’s largest energy company and premier electric transmission builder, announced that they have entered into a 50-50 partnership for key offshore wind assets in the Northeast. According to the agreement, Eversource is paying approximately $225 million for a 50% interest in Ørsted’s Revolution Wind and…
Revolution Wind contract filed with Rhode Island regulators
A contract for the 400-MW Revolution Wind offshore wind farm has been filed with the Rhode Island Public Utilities Commission (PUC), a major step forward in the goal to increase the state’s clean energy portfolio ten-fold by the end of 2020. Once constructed, the project will generate approximately one-quarter of all the electricity used by…
Fishing industry teams up with Orsted in unprecedented partnership
The Responsible Offshore Development Alliance (RODA) announced that it has entered into a partnership agreement with Ørsted U.S. Offshore Wind to improve communications between the commercial fishing industry and offshore wind energy developers. This first-of-its-kind partnership will create an unprecedented opportunity for those who fish commercially to provide direct input to the wind energy industry…
Ørsted completes its first stand-alone battery storage project
Ørsted says its first stand-alone battery project, Carnegie Road, is now operational. The 20-MW battery, located in Liverpool, consists of three battery containers and the associated power-conversion system, all supplied by NEC. The project supports a 90-MW wind farm and provides some services to the electric grid. “Climate change is a real and pressing threat…
Ørsted selected as preferred bidder for offshore wind in Connecticut
Following a highly competitive solicitation process, Connecticut’s Department of Energy and Environmental Protection has selected Ørsted’s Revolution Wind project to move forward to negotiate a fixed-price power purchase agreement (PPA) with the state’s power distribution companies for 0.42TWh (terawatt hours) per year equivalent to 100-MW offshore wind capacity. With the 100 MW of added capacity,…
Connecticut regulators approve Revolution Wind power contract
Ørsted U.S. Offshore Wind has received approval from Connecticut regulators of its 20-year power-purchase agreement for the Revolution Wind offshore wind farm. Connecticut’s Public Utilities Regulatory Authority have approved Ørsted’s long-term power-purchase agreement with Eversource and United Illuminating, two Connecticut utilities, for the 200 MW of clean energy that Revolution Wind will deliver to Connecticut.…
Nexans wins power export cable contract for Ørsted offshore wind project
Last year, Europe installed 16.8 GW of additional wind-power capacity making it the second largest form of power generation in the region. One of the latest most prominent wind power developments is Ørsted’s Hornsea 2 project for which Nexans has been awarded a contract worth over 150 million euros to supply over 200 km of…
Ørsted acquires Deepwater Wind
Ørsted has entered into an agreement with the D.E. Shaw Group to acquire a 100% equity interest in Rhode Island-based Deepwater Wind at a purchase price of USD 510 million. The two companies’ offshore wind assets and organizations will be merged into one, leading U.S. offshore wind platforms with the most comprehensive geographic coverage and…
Ørsted completes acquisition of Lincoln Clean Energy
Ørsted has completed its acquisition of a 100% equity interest in Lincoln Clean Energy LLC (LCE) from I Squared Capital. Ørsted says it will create a new business unit, Onshore Wind, which will be reported as a separate segment. LCE will be the only activity in onshore wind the outset. In addition, Ørsted is changing…
Ørsted divests 50% of Hornsea 1 offshore wind farm
Ørsted has signed an agreement to sell 50% of the 1,218-MW offshore wind farm Hornsea 1 to Global Infrastructure Partners (GIP). Hornsea 1 is under construction and will be the world’s largest offshore wind farm when commissioned in 2020. As part of the agreement, Ørsted will construct the wind farm under a full-scope EPC contract.…
World’s biggest offshore wind farm opens
The world’s largest operational offshore wind farm, Walney Extension, officially opened this month. The project is owned by Ørsted (50%) and its partners PFA and PKA (25% each). It is the first project to use wind turbines from two different manufacturers. The 659-MW project leapfrogs London Array to become the world’s largest operational wind farm.…
Ørsted & Siemens Gamesa sign first U.S. offshore turbine supplier contract
Ørsted and Siemens Gamesa announced the signing of a subcontract to supply wind turbines for the Coastal Virginia Offshore Wind project founded by Dominion Energy. Ørsted and Dominion Energy entered into a strategic initiative in 2017 to provide Virginia customers with a clean, renewable source of energy. This will be the first offshore wind project to be…
Ørsted to acquire Lincoln Clean Energy from I Squared Capital
Offshore wind developer, Ørsted, has entered into an agreement with I Squared Capital and management shareholders to acquire a 100% equity interest in Lincoln Clean Energy LLC (LCE) for an enterprise valuation of $580 million. LCE is a U.S.-based developer, owner, and operator of wind farms. “The U.S. is a leading market in renewable energy generation,”…
Dominion Energy & Ørsted advance Virginia offshore wind development
Dominion Energy Virginia and Denmark-based energy company Ørsted took significant steps forward in the development of Virginia’s first offshore wind facility. Dominion Energy filed with Virginia’s State Corporation Commission (SCC) for approval to build the two 6-MW turbines and grid infrastructure needed to connect the facility to the coast. Ørsted, hired by Dominion Energy to build the Coastal Virginia Offshore…
Floating LiDAR deployed at Ørsted’s Ocean Wind project
Ørsted, the global offshore wind developer, announced the deployment of a specialized buoy designed to measure wind and wave conditions at its Ocean Wind project. The offshore wind farm is currently planned for location about 10 miles off the coast of Atlantic City. The New Jersey lease area has a total size of 160,480 acres, with…
Ørsted wins bid in Taiwan offshore wind auction
Taiwan’s Ministry of Economic Affairs has announced the outcome of its first offshore wind auction. Ørsted was awarded 920-MW capacity for its offshore wind sites in the Changhua region. Subject to Ørsted obtaining relevant permits and taking final investment decision, the projects are to be built in 2025. Ørsted’s winning bid price was TWD 2,548…
Ørsted wins 551.75 MW in German offshore wind auction
In the second German auction for offshore wind, the Bundesnetzagentur (the German regulatory office for electricity, gas & telecommunications) has awarded Ørsted the right to build an additional 551.75MW offshore wind in the German North Sea. Ørsted won with the following projects: • Borkum Riffgrund West 1 with a capacity of 420 MW at a price…
Ørsted is coming to Atlantic City
At this week’s Offshore Wind Partnering Forum, Governor Phil Murphy, D-N.J., announced that offshore wind developer, Ørsted, will open an office in Atlantic City next month. The announcement demonstrates the company’s commitment to the state of New Jersey, and in helping to support the Murphy Administration’s clean energy goals. “New Jersey welcomes Ørsted’s choice to grow…
Ørsted and the University of Oxford partner to improve offshore wind foundations
Ørsted and the University of Oxford have signed a five-year research agreement to optimize the design of foundation structures for offshore wind turbines. More advanced geotechnical designs for foundations can make a major impact on cost reduction as the foundations contribute significantly to the overall wind-turbine capital costs. Ørsted is already working with several universities to…
Ørsted receives EIA approval in Taiwan
Taiwan’s Environmental Protection Administration has concluded the review process and approved the Environmental Impact Assessment (EIA) of Ørsted‘s four offshore wind projects located off Changhua County in Taiwan. With the EIA approvals, Ørsted has secured exclusivity over the development of these four sites. The total capacity of the four wind farms, which will be located…