Tag: Ørsted

Ørsted and WWF embark on marine restoration project in the Danish North Sea to contribute to ocean biodiversity

Stuart Mitchell

Over the last century, there has been a drastic decrease in the number and quality of biogenic reefs in the North Sea – with different species being affected by disease, overfishing, climate change, or changes to the water quality.   In Danish waters, biogenic reefs are created by bivalves such as mussels or oysters. These species can form biogenic reefs consisting of living animals and empty shells from bivalves.  The BioReef project aims to promote the recovery of these once common biogenic reefs of European flat oysters and horse mussels in…

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Ørsted commits to reuse or recycle all solar panels

Stuart Mitchell

Ørsted is the world’s first energy developer to commit to reuse or recycle all solar panels from its global portfolio of solar farms with immediate effect. Solar energy is a key technology for the green energy transition and for limiting global warming. The deployment of this technology requires vast amounts of virgin materials. The mining of these has environmental and social impacts, and competition to secure access to these materials is on the rise. To lower dependency on virgin materials, a key solution is to reuse or recycle end-of-life solar…

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Ørsted becomes world’s first energy company to issue blue bonds

Stuart Mitchell

On World Ocean Day last month, Ørsted has become the first energy company in the world to issue blue bonds. The five-year, EUR 100 million blue bond was issued in a private placement format in accordance with the IFC Blue Finance Guidelines. Net proceeds from the issuance will be allocated to investments in offshore biodiversity, in line with Ørsted’s 2030 commitment to achieve a net-positive impact on biodiversity, as well as in sustainable shipping. Ørsted is proud to be the first energy company in the world to issue a blue…

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Ørsted opens a new era in green shipping by breaking ground on Europe’s largest e-methanol project

Stuart Mitchell

Recently, at an event in Örnsköldsvik in Northern Sweden, Ørsted broke ground on Europe’s largest e-methanol project, FlagshipONE. The groundbreaking of FlagshipONE not only marks the construction start of the project, but also the first steps in a new green era of shipping, where large-scale methanol production facilities will supply a constantly growing fleet of methanol-powered vessels. Currently, over 110 e-methanol vessels have been ordered or are in operation, up from 80 vessels at the end of 2022. At the same time, new regulation such as Fuel EU Maritime is…

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Gigaton PPA: Walmart, Ørsted and Schneider Electric Announce First Cohort for Renewable Energy Supply Chain Program

Stuart Mitchell

Walmart Inc., Ørsted and Schneider Electric today announced that they have successfully convened the first cohort of suppliers to participate in Walmart’s renewable energy accelerator: Gigaton PPA. Five suppliers, Amy’s Kitchen, Great Lakes Cheese, Levi Strauss & Co., The J.M. Smucker Co. and Valvoline Inc, have collaborated to execute an aggregated purchase of renewable energy from Ørsted’s Sunflower Wind Farm located in Marion County, Kansas. Over the 12-year term of the agreement, the purchase is expected to generate approximately 250,000 megawatt-hours (MWh) annually of new renewable power, or the equivalent…

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