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...]