Tag: Ørsted

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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Hornsea 2, the world’s largest windfarm, enters full operation

Stuart Mitchell

Construction began at the 165-turbine project, 89km off the coast of Yorkshire, in 2018.  Ørsted announced on Wednesday 31 August that it is now fully operational. The Dutch business now has 13 fully operational offshore wind farms in the UK that it either fully or partly owned, with a combined capacity of 6.2GW. Its other British projects include Hornsea 1, Walney and the Walney Extension, and Burbo Bank and the Burbo Bank Extension. “The UK is truly a world leader in offshore wind and the completion of Hornsea 2 is…

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Ørsted Agrees New Two-Year Partnership With RNLI To Support Crew Training

Stuart Mitchell

Ørsted will make a contribution of £140,000 over two years to fund training costs at seven RNLI lifeboat stations across the UK – Barrow, Clacton-on-Sea, Humber, New Brighton, Ramsgate, Skegness and Wells – to help the charity continue their invaluable work. The RNLI is the charity that saves lives at sea and its lifeboat volunteers provide a 24-hour search and rescue service across the UK and Ireland. With crews launching in all manner of conditions in order to save lives, it’s crucial that they receive the best possible training so…

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