Orsted Offshore News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Orsted has taken final investment decision on the Danish demonstration project H2RES, which will use offshore wind energy to produce renewable hydrogen. The project is expected to produce its first hydrogen in late 2021 and will be Orsted's first renewable hydrogen project in operation. The demonstration project at Avedøre Holme in Copenhagen (pictured) will have a capacity of 2MW. The facility is expected to produce up to around 1000kg of renewable hydrogen daily, which will be used to fuel road transport in Greater Copenhagen and on Zealand. Orsted executive vice president and chief ...

Orsted Enters $2.7 Billion Deal to Sell Stake in Taiwan Bloomberg 12/29/2020 Kati Pohjanpalo © Bloomberg An offshore wind turbine, operated by Swancor Holding Co., stands in the Taiwan Strait off the coast of Miaoli County, Taiwan, on Thursday, July 26, 2018. Since a disastrous 2011 reactor meltdown in Japan, more than 1,400 miles (2,250 kilometers) away, Taiwan has rewritten its energy plans. President Tsai Ing-wen ordered all of the country's nuclear reactors to shut by 2025. (Bloomberg) -- Orsted A/S, the world’s biggest developer of offshore wind parks, has agreed t...

By Kati Pohjanpalo (Bloomberg) — Orsted A/S, the world’s biggest developer of offshore wind parks, has agreed to sell a stake in a farm off the coast of Taiwan in a deal worth about NT$75 billion ($2.7 billion). The agreement hands Caisse de depot et placement du Quebec (CDPQ) and Cathay PE, a Taiwanese private equity fund, 50% of Orsted’s 605 megawatt Greater Changhua 1 Offshore Wind Farm, the Danish company said in a statement late on Monday. Shares in Orsted fell as much as 1.5% after gaining in the first moments of trading on Tuesday morning. The company, which has seen its value g...