The Ledger
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Ørsted cancels two NJ offshore wind projects, taking $5.5B write-down
“Just today, right before we started recording, the Danish developer Orsted said it would ditch two offshore wind farms off the coast of New Jersey because of rising financing and construction costs, and it'll take maybe a five and a half billion dollar write d…”
Microsoft's 2023 Ørsted transaction immediately improved supplier application quality
“Once we were able to structure that deal and we announced that transaction in the start of 2023, it became this huge signal. All of a sudden there was a shift And the quality of applications and the depth of applications that we saw.”
Gallucci: Cancelled projects comprise half of advanced offshore wind pipeline
“So in this year, BNEF kind of did a tally. I spoke with an analyst recently, said that 5.5 gigawatts worth of offshore wind projects that had contracts for their power were canceled. That includes most recently Two Orsted projects in New Jersey, Ocean Wind One…”
Microsoft contracted 2.7M tons of carbon removal from Ørsted over 11 years
“Microsoft made a deal with Orsted to purchase 2.7 million tons of carbon removal over an 11 year period from a bioenergy carbon capture and storage plant.”
Lacey: Ørsted deployed a drone carrying 150-pound cargo to offshore wind sites
“And Orsted Just this month deployed a first-of-its-kind drone that will be able to carry cargo up to a 150 pounds to offshore wind sites, and they're using this to more safely and efficiently get stuff to their developments”