Ørsted A/S

Built World

Built and co-owns Revolution Wind

Revolution Wind's 65 turbines began generating at full capacity in October, and Ørsted declared the project commercially operational on November 5. It is the third utility-scale offshore wind farm in the United States; Vineyard Wind, off Massachusetts, became the second when it reached full operation on October 29. The 704-megawatt project survived two federal stop-work orders, both struck down in court.

Updated 4 days ago

Money Moves

Co-developer of Hornsea 3

Ofgem, Britain's energy regulator, opened Tender Round 14 on October 21. It expects this to be its largest offshore transmission round, valued at about £3.5 billion, for the links that will carry power from the Hornsea 3 wind farm to the grid.

Updated Oct 30

Built World

50% owner and co-developer of Baltica 2 with PGE; monopile installation began in May 2026 with Van Oord.

BGB Group, an offshore access and scaffolding specialist, has won a framework agreement for construction support across Baltica 2's four offshore substations. The deal with developers PGE and Ørsted covers temporary access, cable termination support and commissioning work through the end of 2027. Services will be ordered as needed, and BGB will deliver them through its Polish subsidiary in Gdańsk.

Updated Oct 30

Rule Changes

Revolution Wind finished offshore construction and has delivered power to the New England grid since March 2026; Sunrise Wind restarted after its February 2 injunction and is still under construction

All five East Coast wind farms that Interior Secretary Doug Burgum froze in December 2025 were back at work by early February, after federal judges in three districts granted preliminary injunctions. The building has gone on since: Ørsted's Revolution Wind finished offshore construction and has sent power to the New England grid since March, and Dominion's Coastal Virginia project is more than 80 percent built and delivering electricity.

Updated Oct 23

Rule Changes

Revolution Wind fully constructed and delivering power as of October 2026; Sunrise Wind resumed after the February injunction

Federal judges cleared all five East Coast offshore wind projects to resume construction by February 2, 2026, finding the Trump administration had not justified its national security suspensions. The five projects total about 5.8 gigawatts. Vineyard Wind and Revolution Wind are now fully built and sending power; Coastal Virginia Offshore Wind is more than 80% complete.

Updated Oct 23

Built World

As of September 2026: Developer and co-owner of Borkum Riffgrund 3; Germany's largest offshore wind operator

Borkum Riffgrund 3 began commercial operation on August 31, 2026, adding 913 megawatts (MW) of offshore wind to Germany's grid. On September 24, Ørsted and co-owner Nuveen formally inaugurated the farm, which sits 72 kilometers off the North Sea coast and is one of Germany's largest operating offshore wind projects.

Updated Sep 25

Built World

As of September 2026: Developer and operator of the Greater Changhua cluster

Ørsted finished the major construction on its 920 MW Greater Changhua 2b and 4 offshore wind farms off Taiwan's coast on September 2. The 66-turbine project is the company's second gigawatt-scale wind farm in Taiwan.

Updated Sep 4

Rule Changes

As of May 2026: Suing Trump administration over offshore wind project freeze

Donald Trump's second-term energy agenda has moved from a single Gulf auction to a full-scale offshore transformation. The December 10 Gulf lease sale—81.2 million acres at a 12.5% royalty rate, generating $279.4 million—was just the opening move. By year's end, the administration had proposed a sweeping 2026-2031 leasing plan covering 1.27 billion acres off California, Florida and Alaska, and scheduled a second Gulf sale for March 11, 2026. It simultaneously halted all five major East Coast offshore wind projects, citing national security risks; Shell-INEOS's early January oil discovery south of New Orleans showed the industry's bet on deepwater Gulf prospects.

Updated May 10