Thailand’s Gulf Energy Development will pay US$631 million to Global Infrastructure Partners (GIP) for a 50% stake in the Borkum Riffgrund 2 Offshore Wind Farm (BKR2 Project) in the German North Sea. The latest overseas investment by Thailand’s second largest power producer will see it enter...
The offshore wind industry could provide up to 1.4TW of renewable energy capacity by 2050, according to the Ocean Renewable Energy Action Coalition (OREAC). OREAC, which includes major players in the offshore wind sector such as Ørsted and Equinor, said the figure is possible given the...
More renewable energy was consumed in the US last year than coal-fired energy for the first time since the 19th century, in a landmark moment for the green energy transition in the global superpower. Renewable energy consumption increased by 1% on 2018 to reach a record...
Wind energy generation in the UK reached a new high on Friday 8th February when Storm Erik battered the nation’s coasts, pushing wind turbines to produce over 15GW of energy. National Grid data revealed that 15.32GW was generated by wind power between 12.15pm and 1.45pm, providing...
Danish renewable energy company Ørsted has agreed to buy US-based Deepwater Wind for US$510 million, in a deal that will create the largest offshore wind platform in the US. Ørsted is the world’s largest offshore wind developer but has, until now, failed to develop a presence...
Two contracts for offshore wind projects with a combined capacity of 1.2GW have been jointly awarded by the US states of Massachusetts and Rhode Island in a recent tender. The 800MW Vineyard Wind Project is set to become the first offshore wind project to be built...
Danish renewable energy giant Ørsted has selected Siemens Gamesa Renewable Energy (SGRE) as its exclusive wind turbine supplier to Hornsea Project Two, the world’s largest offshore wind farm. SGRE will deliver 300 8MW turbines to the UK-based project from a nearby manufacturing facility in the city...
Danish energy group Ørsted has lifted its 2017 profit outlook after striking a US$2.65 billion deal for half of its stake in the world’s biggest offshore wind farm. The company previously known as DONG Energy will divest a 50% stake in the Walney Extension project off...
DONG Energy (CPH:DENERG) has changed its name to Ørsted in a move which finally confirms the end of the road for its oil and gas business and the beginning of its sole focus on renewable energy. The company’s chairman Thomas Thune Andersen said DONG, an acronym...