Ørsted announced today it has selected Amanda Dasch as its new region Americas CEO, tapping a seasoned executive with leadership experience in the U.S. energy sector and several international markets. She succeeds David Hardy, who recently stepped down to join GE Vernova as chief commercial officer, wind.
“We’re thrilled to welcome Amanda to our leadership team and to draw from her 20+ years of energy experience in the U.S. to guide and advance our plans to build an American energy industry...
Europe is starting to find the limit of a decades-long boom in offshore wind. It can be seen most acutely in the places that have been quickest to build capacity. Countries like Denmark and Sweden are beginning to hit a wall as power prices and incentives drop too low to make building projects...
https://gcaptain.com/denmarks-auction-flop-reveals-cracks-in-europes-offshore-wind-industry/
Orsted A/S has launched the sale of a stake in one of the world’s biggest wind farms planned off the UK coast, according to people familiar with the matter.
https://gcaptain.com/orsted-said-to-start-selling-stake-in-huge-uk-wind-farm/
Ørsted reports that David Hardy, group EVP and CEO Americas, has decided to leave the company to join GE Vernova as chief commercial officer, wind. He will step down from his position at Ørsted effective November 30.
The search for his successor as CEO is underway. In the interim period, Ørsted’s CCO and deputy CEO, Rasmus Errboe, will guide and support the senior leadership team in the U.S. market.
“I want to thank David for his five years with Ørsted. During his time, he’s been a trusted voice...
In a move involving two Scandinavian companies who are significant players in the U.S. offshore energy sector, Norway’s Equinor ASA has acquired 41,197,344 shares in Denmark’s Ørsted A/S, corresponding to 9.8% of the shares and votes in the Danish company.
The transaction establishes Equinor as the second largest shareholder in Ørsted, after the Danish State, which holds a controlling stake in the company. Equinor is, itself, 67% owned by the Government of Norway.
“Equinor has a long-term...
https://www.marinelog.com/offshore/offshore-wind-equinor-now-orsteds-second-largest-shareholder/
Norwegian energy giant Equinor ASA has made a significant move in the renewable energy sector by acquiring a 9.8% stake in Ørsted A/S, a leading offshore wind developer. The acquisition…
https://gcaptain.com/equinor-acquires-stake-in-orsted-becoming-second-largest-shareholder/
U.K.-based crew transfer vessel specialist Tidal Transit has securing the first charter for its newest vessel, Arabella Jane. The Incat Crowther designed Windflex 27 CTV is now at work supporting operations at Ørsted’s Hornsea 2, the world’s largest offshore wind farm.
To meet the growing market demand for crew transport while the offshore wind industry transitions to net zero, Tidal Transit has ordered two further vessels specially designed to act as frontrunners for its all-electric future...
Revolution Wind has successfully installed its first offshore wind turbine, marking a significant milestone for Rhode Island and Connecticut’s first large-scale offshore wind farm. The project, developed by Ørsted and…
https://gcaptain.com/revolution-wind-installs-first-offshore-wind-turbine/
https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/energy-transition/081524-orsted-scraps-swedish-flagshipone-e-methanol-project-under-development
Orsted has announced the termination of its FlagshipONE E methanol project in northern Sweden due to slow market progress and difficulties in securing long-term offtake contracts. This decision comes despite Orsted’s previous commitment to the project, which was expected to produce up to 55,000 metric tons per year of e-methanol...
(Bloomberg) — Orsted A/S booked an impairment of more than $500 million related to an offshore wind farm in the US and a canceled green hydrogen plant in Sweden. The…
https://gcaptain.com/orsted-takes-500-million-hit-led-by-connecticut-wind-delay/