Danish power company Ørsted and Norwegian energy giant Equinor are spearheading the launch of international coalition to accelerate global offshore wind capacity and other ocean-based renewable energy technologies as part of an effort to mitigate the harmful impacts of climate change. The Ocean Renewable Energy Action Coalition brings together civil society, … [Read more...]
Orsted Bets Hydrogen Is Key to Climate Goals
By Will Mathis (Bloomberg) --One of the world’s biggest developers of offshore wind farms thinks its massive turbines could be key to the production of hydrogen in a greener way and ultimately, stemming climate change. Over the past decade, offshore wind has pushed from a frontier technology to a multi-billion-dollar industry that provides green power cheap enough to compete … [Read more...]
Offshore Wind Gets a Warning From Its Biggest Developer
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...]