By William Mathis and Christian Wienberg (Bloomberg) --The world’s biggest developer of offshore wind farms issued a reality check to the industry, saying it has overestimated the amount of time its turbines are generating electricity. Copenhagen-based Orsted A/S announced that offshore wind farms wouldn’t produce quite as much power as previously forecast. The adjustment … [Read more...]
Orsted Divests Business Units for $2.3 Billion to Focus on Green Energy
Danish offshore wind developer Ørsted has agreed to divest its power distribution and two other businesses to focus on renewable energy. Ørsted said the deal with SEAS-NVE is valued at $3.15 billion deal and includes its power distribution business, Radius, as well as its residential customer and City Light businesses. The deal follows an unsolicited, non-binding offer … [Read more...]
Second Offshore Wind Farm in United States Now Under Construction
By Christopher Martin (Bloomberg) --Dominion Energy Inc. began work to install cables for a wind farm in the Atlantic Ocean near Virginia, marking the start of construction on the second such facility off the U.S. coast. The Richmond, Virginia-based utility owner is working with Denmark’s Orsted A/S to install the two 6-megawatt turbines 27 miles (43 kilometers) east of … [Read more...]
Orsted Wins New Jersey Contract as Offshore Wind Poised to Boom
By Christopher Martin (Bloomberg) -- New Jersey awarded a contract to Denmark-based Orsted A/S to provide power from a wind farm it’s planning in the Atlantic Ocean as Northeast states push to jump-start an industry that’s languished in the U.S. Orsted, the world’s biggest offshore wind developer, plans to build the project 15 miles (24 kilometers) off Atlantic City as part … [Read more...]
First Turbine Installed at World’s Largest Offshore Wind Farm
The first turbine at the soon-to-be world’s biggest offshore wind farm has been installed and is now producing electricity off of England's coast. When fully operational, the 1,218-megawatt Hornsea 1 offshore wind farm will be nearly double the size of the current world’s largest offshore wind farm, Walney Extension, and capable of powering well over one million homes in the … [Read more...]