Tag: Ørsted

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

Stuart Mitchell

Ørsted is one of the largest renewable energy companies in the world and the global leader in offshore wind power. Earlier, Ørsted was one of the most coal-intensive energy companies in Europe, but since 2006, the company has reduced its coal consumption significantly through a reduction in the number of heat and power plants as well as conversions to certified sustainable biomass instead of coal. With this, the company will have shut down its last coal-fired heat and power plant, and Ørsted’s entire energy generation will be essentially fossil-free. Ole…

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Ørsted launches world’s first heavy-lift cargo drone operations at Borssele 1&2 Offshore Wind Farm

Stuart Mitchell

Ørsted, the global leader in offshore wind, is deploying heavy-lift cargo drones (HLCD) for the first time in an operational campaign at the Borssele 1&2 Offshore Wind Farm. This pioneering move marks a significant leap forward in operational efficiency and safety in the offshore wind industry. The heavy lift cargo drone will transport cargo from a vessel to all 94 wind turbines of the Borssele offshore wind farm. Building on previous trials and expertise using drones in other offshore wind farms, Ørsted is using the 70 kg drones – which…

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Ørsted invests in battery energy storage system co-located with Hornsea 3 Offshore Wind Farm

Stuart Mitchell

Ørsted has taken final investment decision on a battery energy storage system, which will provide stability to the UK energy supply and reduce price volatility. The Tesla battery energy storage system will be installed on the same site as the onshore converter station for Ørsted’s Hornsea 3 Offshore Wind Farm in Swardeston, near Norwich, Norfolk, in the eastern part of England. The battery’s location on the same land as the onshore converter station minimises disruption to those living and working nearby.  The storage system has a capacity of 600 MWh…

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Ørsted enters into new major agreement on carbon removal with Microsoft

Stuart Mitchell

In a landmark deal, Ørsted will sell a further one million tonnes of carbon removal over a ten-year period to Microsoft from Avedøre Power Station, which is part of the bioenergy carbon capture and storage (BECCS) project ‘Ørsted Kalundborg CO2 Hub’. This new agreement builds on an existing commitment by Microsoft to buy 2.67 million tonnes from Asnæs Power Station, bringing the total purchase under contract to 3.67 million tonnes of CO2. As part of the ‘Ørsted Kalundborg CO2 Hub’, Ørsted will establish carbon capture at its wood chip-fired Asnæs…

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Ørsted successfully issues EUR green hybrid capital securities

Stuart Mitchell

Ørsted A/S (‘Ørsted’) has priced EUR 750 million of subordinated green hybrid capital securities with final maturity on 14 March 3024 and first reset date on 14 December 2029 (NC5.75). Settlement date of the new issue will be on 14 March 2024. The purpose of the new issue is to refinance Ørsted’s EUR 500 million 2.25 % hybrid capital securities issued in 2017, which is callable at par on the first reset date, 24 November 2024, and to proactively manage Ørsted’s hybrid capital portfolio. Today, Ørsted has also invited holders…

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