Monday, July 13, 2020

Offshore Wind Farm Developer News

Ørsted CEO Poulsen to Step Down

Henrik Poulsen (Photo: Ørsted)

Ørsted Chief Executive Henrik Poulsen has resigned after eight years at the helm of the Danish offshore wind farm developer, the company said on Monday.Poulsen, who became Ørsted CEO in 2012, spearheaded the group's transformation…

Prysmian's Cables for Hollandse Kust Zuid III and IV Offshore Wind Farm

Image Credit: Prysmian

Prysmian Group, Italian marine cable installation company Prysmian, has finalized a contract for a project awarded by offshore wind farm developer Vattenfall.The contract is for the provision of the subsea inter-array cable…

Parkwind, Bladt Sign Substation Deal for German Offshore Wind Farm

Illustration; Image by Parkwind

Belgium-based offshore wind farm developer Parkwind and Danish offshore construction company Bladt have signed a deal to build a substation for the Arcadis Ost 1 offshore wind project in the German Baltic SeaThe platform…

Geoquip Wraps Geotechnical Survey at Oriel Wind Farm Location

Geoquip's Geotechnical vessel - Image by Parkwind

Offshore geotechnical firm Geoquip has completed a month-long geotechnical survey at the Oriel wind farm location offshore Ireland.This work complements last year’s geophysical survey campaign completed during August 2019 by Irish company Alpha Marine.

Orsted Hopes COVID-19 Will Not Slow Japan's Offshore Wind Projects

Illustration; Orsted's offshore wind farm - Image by Orsted

Orsted, the world's largest offshore wind farm developer, is concerned the coronavirus may delay auctions for offshore projects as it prepares to enter the market, the head of its Asia-Pacific unit said. "The pandemic will…

Ørsted, TEPCO in Offshore Wind JV

Credi: Orsted

Japan's largest power company TEPCO, and Danish offshore wind farm developer Ørsted, have set up a joint venture company.The JV company, named Choshi Offshore Wind Farm K.K., has been formed with the intention of working…

Northland Power Gives Up on Mono Bucket Demo at Deutsche Bucht OWF

Credit: Northland Deutsche Bucht

Offshore wind farm developer Northland Power has decided to give up on the Demonstrator Project - the installation of two turbines using mono bucket foundations - at its Deutsche Bucht wind project in the North Sea.The company…

Orsted Reports Positive Start to 2019

(Photo: Orsted)

Orsted on Wednesday reported higher first-quarter earnings from its offshore wind farms, in a positive sign for the Danish company's focus on renewables after selling its oil and gas business in 2017.Earnings from Orsted's…

Orsted Loses Political Support for Divestment

(Photo: Orsted)

Shares in Orsted fell on Monday after the energy company, which is 50.1 percent owned be the Danish state, on Sunday announced that there was no longer political support for the divestment of its power business.The world's largest offshore wind farm developer had put its Dan

Wind Beats Solar in Danish Green Energy Auction

© Jezper / Adobe Stock

Wind emerged as the most competitive power source in Denmark's first auction where wind and solar competed for state subsidies on equal footing to deliver power at the lowest price.Subsidies which have underpinned the growth…

Ørsted Completes Divestment in Hornsea 1 Offshore Wind Farm

Image: Ørsted

Danish offshore wind farm developer Orsted A/S has completed the divestment of 50% of the Hornsea 1 Offshore Wind Farm to Global Infrastructure Partners (GIP).Three months ago, Ørsted signed an agreement to sell 50% of the 1…

Google to Tap the Power of Offshore Wind

Google invests $700 mln in Danish data center, secures green energyGoogle will invest almost $700 million in a Danish data centre, the latest investment in the Nordic region which is known for its abundant renewable energy.Google…

ESVAGT Orders Two SOVs from Havyard

ESVAGT to provide two Service Operation Vessels, in the new 831L design for MHI Vestas. Photo: ESVAGT

Danish shipowner ESVAGT and offshore wind farm developer MHI Vestas have sealed long-term contracts for the delivery of two new service operation vessels (SOVs) for separate wind farms off the Netherlands and the U.K.The…

Denmark Sets Record with 43 pct of 2017 Power From Wind

A typical offshore wind farm (CREDIT: Siemens)

Denmark generated close to half of its electricity consumption from wind energy in 2017, setting a new world record as it aims to entirely phase out fossil fuels in its power sector, the country's energy and climate minister said on Thursday.

New Energy Investment to Sell 1.8% Stake in Dong Energy

(File photo: Dong Energy)

New Energy Investment, indirectly owned by investment bank Goldman Sachs, is selling a 1.78 percent stake in Danish utility and offshore wind farm developer Dong Energy. Goldman Sachs said on Wednesday it had launched the…

DONG to Sell O&G Business to Ineos for $1.3 Bln

File photo: DONG Energy

Danish utility and offshore wind farm developer DONG Energy has agreed to sell its oil and gas business to petrochemicals firm Ineos for $1.3 billion, it said on Wednesday, the latest in a string of North Sea deals. The sale is a blow to shipping group A.P.

Goldman Sachs to Sell 2.1% of DONG Energy

Photo: Dong Energy

Goldman Sachs has launched an accelerated bookbuilt offering to institutional investors of 8.8 million existing shares in Danish utility and offshore wind farm developer Dong Energy, the U.S investment bank said on Monday.

DONG Faces Tough Year as Offshore Wind Returns Drop

Photo: DONG Energy

DONG Energy, the world's biggest offshore wind farm developer, on Thursday reported its first full-year net profit since 2011, but will face tough competition for projects in Europe and the United States from new players that are pushing down margins.

DONG Energy Narrows IPO Pricing Range

Photo: DONG Energy

Danish utility and offshore wind farm developer DONG Energy has narrowed the price target for the company's share sale in Copenhagen, cutting off the top end of range, one source with direct knowledge to the matter said.

Danish Watchdog Asks Audit Office to Investigate DONG Energy IPO

A Danish political watchdog on Wednesday asked the national audit office to investigate the role of key parties involved in the share market flotation of offshore wind farm developer DONG Energy, including Goldman Sachs.