Orsted

EIB Grants Ørsted €500 M Loan for Green Energy Projects

The European Investment Bank (EIB) has signed a EUR 500 million loan with Danish energy company Ørsted to support its increased capex programme on renewable energy projects, and the conclusion of the Borssele 1 & 2 wind farms off the Dutch coast with a long-term commitment from the EIB. The EIB issues long-term loans on […]

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Vestas Revenues At $4.1 Bn in Q2 FY21, Orsted Reports $2.68 Bn

Danish wind turbines manufacturer, Vestas Wind Systems, has released its financial results for the second quarter of the fiscal year 2021 (Q2FY21), and it has reported a revenue of EUR 3.53 billion (USD 4.15 billion). Fellow Danish utility and developer, Orsted also reported its financial results for the same quarter today, coming out with a […]

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Ørsted Sharpens Strategy To Maintain Green Energy Major Status

Danish wind energy major Ørsted, that claims to run completely on green energy, approves fresh strategic ambition and financial guidance.  Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products. It has installed a total of 12 GW of renewable energy capacity over […]

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Ørsted Acquires Ireland and UK Onshore Wind Power Platform from Brookfield Renewable

Today, Ørsted has entered into an agreement with Brookfield Renewable, a global owner and operator of renewable power assets, to acquire a 100 % equity interest in its existing Ireland and UK onshore wind business, Brookfield Renewable Ireland (BRI). The agreement is based on an enterprise valuation of BRI of EUR 571 million as of 31 […]

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Poland Awards CfD to Baltica Offshore Wind Farms Worth 2.5 GW

The Polish Energy Regulatory Office has awarded a CfD to the Baltica 3 & Baltica 2 offshore wind farms with a total capacity of up to 2.5 GW. The Polish Energy Regulatory Office has awarded a Contract for Difference (CfD) to the Baltica 3 and Baltica 2 offshore wind farms with a total capacity of […]

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Norway’s $1.3 Trillion Sovereign Fund Makes First Green Infra Investment

Norway’s $1.3 trillion sovereign wealth fund, a pioneer and probably the largest in the world has announced its first investment into renewable energy infrastructure on April 7. The fund, which was in the news for its decision to stop and exit from all investments in fossil fuel-based firms, sold the last of its holdings in such […]

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Ørsted Commences Construction of its Largest Onshore Project

Ørsted announces final investment decision on the combined wind and solar PV project Helena Energy Center in South Texas and integrates the US trading team into the Onshore business. Ørsted has taken a final investment decision on its largest onshore project to date, the 518 MW hybrid wind and solar PV project, Helena Energy Center, […]

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