Orsted to invest $68 bln in power capacity by 2030

(Reuters) - Renewable energy group Orsted (ORSTED.CO) will invest 475 billion Danish crowns ($68 billion) to achieve a 2030 goal to install 50 gigawatts (GW) of power capacity, it said in an investor update on Thursday. The Danish company said the plans were fully self-funded and it expected to exceed goals set in 2021 for earnings before... Continue Reading →

Ørsted and Vestas in industry-first pioneering partnership towards net-zero wind farms

Today, Ørsted and Vestas, global leaders in renewable energy, are announcing a commercial sustainability partnership. Ørsted will procure low-carbon steel wind turbine towers and blades made from recycled materials from Vestas in all joint offshore wind projects. The deployment of offshore wind is crucial to enhancing energy security, advancing affordable energy for all, and not... Continue Reading →

BlueFloat Unveils 7.5 GW of Floating Wind Projects in Philippines

On 2 June, BlueFloat Energy announced that the company had secured contracts for four (floating) offshore wind project sites in the Philippines and thus entry into the country’s offshore wind market. These are Wind Energy Service Contracts (WESCs), or Offshore Wind (OSW) Service Contracts (SCs), that are being awarded by the Philippines’ Department of Energy, which reported in April... Continue Reading →

Shell and Ocean Winds Joint Venture Seeks to Terminate and Rebid US Offshore Wind Contracts

(OW) SouthCoast Wind, the developer of an offshore wind lease area off the coast of Massachusetts, has started discussions with this US state’s representatives and utilities to terminate its existing Power Purchase Agreements (PPAs) citing ”material and unforeseen supply chain and financing cost increases affecting the whole offshore wind industry.” The SouthCoast Wind, a 2.4 GW... Continue Reading →

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