Denmark’s Ørsted, the world’s No. 1 offshore wind farm developer, on Wednesday reported fourth-quarter operating profit in line with preliminary 2022 numbers but said its offshore business faced challenges. “In a year with unusual market conditions, not least the very volatile energy prices and a substantial increase in inflation, we’re happy to achieve a record-high […]
Sector majors go head-to-head in New York’s 3rd offshore wind competition – EQ Mag
Sector majors go head-to-head in New York’s 3rd offshore wind competition. New York’s third competitive offshore wind solicitation, launched last summer with a target of at least 2,000 MW, closed for project submissions on January 26, but not before drawing bids from some of the sector majors. EQUINOR AND BP Norwegian energy group Equinor ASA […]
Ørsted extends its 100% renewable electricity target to all suppliers
Ørsted has set a clear expectation towards all suppliers to use 100 % renewable electricity by 2025, becoming the first energy company in the world to do so. The commitment builds on learnings from Ørsted’s existing supply chain decarbonisation programme, first established in 2020, and supports the company’s industry-first science-based 2040 net-zero target. The company has reduced its […]
Ørsted enters Spanish onshore renewables market with solar and wind partnerships
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 Brookfield Renewable […]
Orsted plans $57 bln drive to be No.1 in green energy
The Danish firm, which sold its oil and gas business in 2017, has benefited hugely from policies to implement the 2015 Paris Agreement, a collective shot at limiting global warming. COPENHAGEN: Orsted, the world’s largest offshore wind farm developer, is ramping up its investment in renewables to $57 billion by 2027, seeking to become a […]
Orsted Selects POSCO as Partner for Wind Farm and Green Hydrogen Projects
SEOUL : Orsted, a Danish power company involved in major offshore wind power projects in the world, selected POSCO as a crucial business partner for green hydrogen and offshore wind power businesses. The Danish company has promised to shape a competitive supply chain with local companies for a major offshore wind power complex to be […]
Denmark’s Orsted to Work With South Korean Steel Giant on Offshore Wind, Renewable Hydrogen
Orsted wants to develop as much as 1.6 gigawatts (GW) of offshore wind near Incheon, South Korea. A number of major firms have recently revealed plans to develop renewable hydrogen facilities. Energy firm Orsted has signed a memorandum of understanding with South Korean conglomerate POSCO that will focus on offshore wind and renewable hydrogen. In […]
Orsted plans offshore wind farm, hydrogen plant at North Sea Port
The wind farm would have capacity to produce 2 gigawatts of electricity and would power the 1-gigawatt hydrogen plant. The hydrogen facility would be able to produce about 116,000 tonnes a year by 2030 for use as energy. COPENHAGEN : Denmark’s Orsted plans to develop an offshore wind farm and adjacent hydrogen plant at the […]
Total to outpace Iberdrola and Orsted on renewable power capacity
Analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals Total will outpace clean energy majors Iberdrola and Orsted on renewable power capacity by 2030. The insight highlights the oil and gas major’s ambitions to reach 100GW of renewable power capacity by 2030, eclipsed only by utility Enel which aims to have 145GW. In […]
Ørsted Joins Efforts To Develop Offshore-Wind-to-Green-Hydrogen Tech
Consortium wins €5 million grant for Oyster project, which aims to make seaborne green hydrogen competitive with methane. Global offshore wind developer Ørsted has become the latest major player to pursue off-grid green hydrogen, a technology that could expand capacity for converting offshore wind power to zero-carbon energy. The Danish firm is collaborating with ITM […]
