Wednesday, 2 April 2025

Focus on Ørsted

News ReleaseContracts for DifferenceElectricityEmissions MarketsOffshore Wind

Ørsted’s Hornsea 3 and Hornsea 4 awarded capacity in UK allocation round 6

3 Sept 2024 06:59 The UK Department for Energy Security and Net Zero (DESNZ) has awarded Ørsted contracts for difference (CfD) for a...

Nine new offshore wind farms were secured this year (Anna Gowthorpe/PA)
AnalysisBusinessContracts for DifferenceElectricityEmissions MarketsSolarWind

What happened in the UK’s clean power auction, and how does it work?

Explaining contracts for difference, Britain's renewable energy targets and the incentives to build new projects.

More offshore wind farms will be built (Anna Gowthorpe/PA)
ElectricityHydropowerNewsPoliticsSolarWind

UK renewables auction brings 9.6GW of clean power projects

The latest round of contracts includes nine new offshore wind farms as UK auctions enough clean projects to power 11 million homes.

Researchers look at seabed samples (University of Essex/PA)
BiodiversityEnvironmentResiliencyWind

Scientists explore impact of offshore wind farms on seabed

The project will explore the environmental impact of the turbines on the seabed amid plans to build thousands more to reach net zero...

News Release

Ørsted shuts down its last coal-fired heat and power plant

On 31 August 2024, Ørsted will shut down its last coal-fired combined heat and power plant, Esbjerg Power Station, located in the Western...

FILE PHOTO: The Alette Maersk, a green methanol-powered ship, is seen docket at the Port of Los Angeles, in Los Angeles, California, U.S., August 27, 2024. REUTERS/Lisa Baertlein/File Photo
BusinessInfrastructureMaritimeNewsPoliticsRegulationsTransport

Maersk says ocean shipping’s zero-emissions push needs government support

Maersk's green methanol ship crossed the Pacific, but lacked U.S. refueling options, highlighting the need for more green fuel infrastructure.

News Release

LCCC and ESC annual reports published

26 Aug 2024 Low Carbon Contracts Company (LCCC) and Electricity Settlements Company (ESC) have today published their annual reports and accounts for 23/24....

News Release

Eversource Secures Federal Funding for Offshore Wind Hub in Southeastern Connecticut in Collaboration with New England States

Montville-based project is part of the Power Up New England portfolio recently awarded $389 million through the U.S. Department of Energy’s “Grid Innovation...

A view of the turbines at Orsted's offshore wind farm near Nysted, Denmark, September 4, 2023. REUTERS/Tom Little/File Photo
BusinessElectricityInfrastructureNewsTransmissionUtilitiesWind

Orsted books new losses, flags delay at US offshore wind project

Orsted halted its FlagshipOne green e-methanol project, citing slower market development, impacting shares significantly.

News Release

Interim report for the first half year of 2024 – increased earnings from offshore sites, progress on our business plan, and commissioning of around 2 GW renewable capacity

Today, Ørsted’s Board of Directors approved the interim report for the first half year of 2024. Mads Nipper, Group President and CEO of...

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