General – Appointment
Ørsted has appointed Alana Kühne as its new head of development for Europe.
[Read more…] about Alana Kühne new head of development for Europe at ØrstedØrsted to cut 2,000 jobs in global restructuring to boost competitiveness
General – Restructuring
Renewable energy leader Ørsted has announced a major organizational restructuring that will see approximately 2,000 jobs cut by the end of 2027 as part of a broad effort to strengthen its competitiveness and align with its updated business strategy.
[Read more…] about Ørsted to cut 2,000 jobs in global restructuring to boost competitivenessØrsted picks Port of Tyne to support Hornsea 3 OWF
Wind Energy – Lease Agreement
Ørsted has signed a lease agreement for up to 100,000 square meters at the Port of Tyne, one of the UK’s major deep-sea ports, to support the development of its Hornsea 3 offshore wind farm.
[Read more…] about Ørsted picks Port of Tyne to support Hornsea 3 OWFAnother strategic partnership for Ørsted in Korea
Wind Energy – Partnership
Ørsted’s 1.4 GW Incheon offshore wind project, located approximately 70 km off the coast of Incheon, Korea, continues to make steady progress.
[Read more…] about Another strategic partnership for Ørsted in KoreaØrsted discusses 50% Hornsea 3 stake sale
General – Stake Sale
Ørsted is in discussions to sell a 50% stake in its USD 11.4bn/EUR 9.7bn Hornsea 3 offshore wind farm project in the UK.
[Read more…] about Ørsted discusses 50% Hornsea 3 stake salePosco, Orsted partner to drive Korea’s biggest OWF
Wind Energy – Partnership
Korea’s steelmaking giant Posco Group announced Friday that it partnered with Orsted to build Korea’s largest offshore wind farm in Incheon, reinforcing its foothold in a sector poised for rapid growth under government-led green energy initiatives.
[Read more…] about Posco, Orsted partner to drive Korea’s biggest OWFRevolution Wind cleared to restart work
Wind Energy – Revolution Wind
A federal court judge on Monday granted energy company Ørsted a preliminary injunction to resume work on its Revolution Wind turbine array off Rhode Island, lifting an Aug. 22 stop-work order by the Trump administration.
[Read more…] about Revolution Wind cleared to restart workØrsted sets 67% discount for $9.4 bln rights issue
General – Shares
Ørsted has priced its $9.42 billion rights issue at 66.6 crowns ($10.46) per share, a 66.7% discount to the stock’s closing price on Friday, as it shores up its finances in the face of mounting challenges.
[Read more…] about Ørsted sets 67% discount for $9.4 bln rights issueDamaged export cable forces Ørsted later wind farm commission
Wind Energy – Greater Changhua
Ørsted has pushed back the commissioning date of a 300MW wind farm in Taiwan by nearly a year over cable issues.
[Read more…] about Damaged export cable forces Ørsted later wind farm commissionØrsted sues Trump administration over project halt
Ørsted and the states of Rhode Island and Connecticut sued the Trump administration on Thursday, alleging its decision to block construction of the nearly finished Revolution Wind project is illegal.
[Read more…] about Ørsted sues Trump administration over project halt