Orsted AS

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Ørsted A/S engages in the provision of renewable energy solutions. It operates through the following segments: Offshore, Onshore, and Bioenergy and Other. The Offshore segment develops and operates offshore wind farms in the United Kingdom (UK), Germany, Denmark, Poland, the Netherlands, the U.S., Taiwan, Vietnam, and Korea. The Onshore segment includes wind, solar photovoltaic (PV), and storage projects across the Southern and Midwestern U.S. and in the UK and Ireland. The Bioenergy and Other segment deals with the generation of thermal power through combined heat and power (CHP) plants. The company was founded on March 27, 1972 and is headquartered in Fredericia, Denmark.

Taiwan Semiconductor Manufacturing

Denmark's Orsted , the world's biggest offshore wind farm developer, said on Wednesday a project in Taiwan that will provide power for chipmaker TSMC is progressing well and is on track for completion next year.

Orsted says Taiwan wind project to power TSMC on track for 2025 finish

Eversource Energy

The United States' first utility-scale offshore wind farm entered service on Thursday 35 miles off the coast of Long Island, with the promise of generating enough power for about 70,000 homes at full capacity.

First US utility-scale offshore wind farm starts operations

Denmark's Orsted said on Wednesday it has agreed to sell stakes in four U.S. onshore wind farms with a total capacity of 957 megawatt to investment group Stonepeak for around $300 million.

Orsted sells stakes in U.S. wind farms for $300 mln

Denmark's Orsted must restore investor confidence, new chair Lene Skole said on Tuesday after a shareholder meeting elected her to oversee the offshore wind power giant's turnaround drive.

Orsted must restore investor confidence, says new chair

New York's energy agency awarded Orsted and Eversource's Sunrise Wind project the right to negotiate a 25-year offshore wind agreement, Orsted said in a statement on Thursday.

New York energy agency awards Orsted and Sunrise Wind 25-year offshore wind agreement

Denmark's Orsted , the world's largest offshore wind farm developer, said on Tuesday it had appointed a new chief financial officer and a new head of operations as it seeks to overcome a string of project cancellations and financial losses.

Troubled wind power giant Orsted appoints CFO, head of operations

Ørsted A/S (DNNGY) Q4 2023 Earnings Call Transcript

S&P downgraded wind power giant Orsted to BBB on Wednesday, with a stable outlook, citing higher leverage on balance sheet and increased industry risk due to tougher-than-expected local market conditions that triggered major impairments in 2023.

S&P downgrades wind power firm Orsted to BBB

Company developing world's largest offshore windfarm in North Sea attempts to recover from turbulent year

Danish windfarm firm Ørsted to axe up to 800 jobs and pause dividend

Danish renewables giant Orsted on Wednesday announced plans to cut jobs and exit several offshore wind markets after a tumultuous year of rising costs.

Renewables giant Orsted exits several offshore wind markets, pauses dividend after turbulent year

Orsted has launched a new plan with cost cuts, a pause in dividends, asset sales and new business priorities following a year beset by troubles in the U.S.

Orsted Plans Major Cost-Cutting Drive

Orsted , the world's No. 1 offshore wind farm developer, on Wednesday trimmed its investments and capacity targets and paused dividend payouts as part of a major review of its business.

Offshore wind developer Orsted trims investments, targets in major review

Ørsted (ORSTED) share price will be in the spotlight on Wednesday as the company publishes its financial results and holds its capital markets day. The stock was trading at DKK 377 on Tuesday, where it has been in the past few days.

Ørsted share price stall could be the calm before the storm

Orsted is expected to trim investment plans and cut dividends on Wednesday as it presents a new strategy but investors are worried that the Danish renewable energy firm may want to raise new capital to stick to its ambitious targets.

Orsted's strategic shake-up has investors worried

Equinor

New York State said on Friday it received bids to supply power from three offshore wind projects in its expedited fourth solicitation that allowed developers to exit old contracts and re-offer projects at higher prices.

Equinor, Orsted bid for better contract in NY offshore wind auction

Wall Street firms pushed for ESG-focused companies post-pandemic, leading to Ørsted's stock reaching all-time highs. Government funding for renewable infrastructure projects caused offshore wind leases to skyrocket to over $1 billion. Despite challenges, there is potential for offshore wind to regain commercial growth with upcoming offshore wind leases in Europe and Southeast Asia.

Ørsted A/S: The Front-Runner In Offshore Wind

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COPENHAGEN, Dec 20 (Reuters) - Orsted (ORSTED.CO) said on Wednesday it had made a final investment decision (FID) on the massive wind farm Hornsea 3 off Britain's coast, indicating it will proceed and sending shares in the troubled renewable energy company higher.

Orsted says mega Hornsea 3 North Sea wind farm project will proceed

The U.S Federal Permitting Improvement Steering Council on Thursday approved the construction of a $1.5 billion offshore wind farm off the coast of Rhode Island.

US gives final nod to Rhode Island's $1.5 billion offshore wind farm

Danish energy company Orsted's South Fork offshore wind farm off New York State delivered its first power to the state's power grid, according to a press release by New York Governor Kathy Hochul on Wednesday.

Orsted South Fork offshore wind farm delivers first power to NY electric grid

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Brookfield Renewable Partners

NextEra Energy

Renewable energy producers are facing pressure due to increasing interest rates worldwide. The impact of interest rates on each company will vary depending on their debt management and contract structures.

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Denmark's Orsted said on Thursday it has been granted a 1.6 gigawatt (GW) electricity business licence (EBL) in South Korea for an offshore wind project located 70 km (43 miles) off the coast of Incheon City.

Orsted wins licence for South Korea offshore wind project

Ørsted, the Danish renewable energy giant, has reportedly asked for more financial help from the UK government to develop the Hornsea 3 wind farm project. According to the reports, Orsted is seeking more attractive subsidies for the huge project, which would see 231 turbines installed off the coasts of Norfolk and Lincolnshire.

Orsted wants more help from UK government for offshore wind farm

Denmark's Orsted said on Tuesday its finance and operations chiefs were stepping down with immediate effect after the offshore wind farm developer earlier this month reported large financial losses.

Orsted's finance and operations chiefs out after big losses

Orsted has pulled out of a consortium that was due to bid for offshore wind projects in Norway ahead of a pre-qualification deadline, one of its partners said on Monday.

News for Orsted AS Stock (DNNGY)