In a new partnership, the energy company Ørsted and the environmental organisation the World Wildlife Fund (WWF) will be working together to fight the impact of climate change.
Today, Ørsted has entered into an agreement with global infrastructure investment manager I Squared Capital and management shareholders to acquire a 100% equity interest in Lincoln Clean Energy LLC (’LCE’), placing an enterprise valuation on LCE of USD 580 million.
Ørsted has pledged its support to the Royal National Lifeboat Institution (RNLI) to help the charity in its mission to save lives at sea, with a new three-year partnership.
Taiwan’s Ministry of Economic Affairs has announced the outcome of its first offshore wind auction. Ørsted was awarded 920MW capacity for its offshore wind sites in the Changhua region. Subject to Ørsted obtaining relevant permits and taking final investment decision, the projects are to be built in 2025. Ørsted’s winning bid price was TWD2,548 (approx. EUR72.3) per MWh.
Race Bank, a new offshore wind farm capable of powering over half a million UK homes, will be officially opened at a ceremony in Grimsby today.
Formosa 1, Taiwan’s first offshore wind farm, reached financial close on the 8th of June 2018. A financial consortium of eleven international and local Taiwanese banks as well as EKF, Denmark’s Export Credit Agency has completed this NT$18.7bn 16-year project financing. It is the first project financing in the Taiwanese offshore wind industry.
Massachusetts‘ Department of Energy Resources (DOER) today announced the outcome of its 83C solicitation for the state’s first offshore wind farm. Bay State Wind – a 50-50 joint venture between Ørsted and Eversource – was not selected for contract negotiations.
Following a thorough and comprehensive grid allocation process, Taiwan's Ministry of Economic Affairs has awarded Ørsted the right to connect 900MW offshore wind capacity to Taiwan's power grid with the following projects: Changhua 1 with a capacity of 605MW and grid connection in 2021 and Changhua 2 with a capacity of 295MW and grid connection in 2021
Ørsted has today announced it will build and operate a 20MW battery storage project near Liverpool in the UK.
Good Energy Group PLC, an established UK clean energy company, has renewed an agreement with us to source offshore wind power for its customers for a further two years.
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