Ørsted is having to fork out millions of pounds in order to address cable issues at some of its offshore wind developments. The Danish renewables giant made the admission in its first quarter 2021 results, in which it posted pre-tax profits of DKK 2.5 billion (£292m), compared to DKK of 4.2 bn (£490m) for the same period last year, a decrease of 40%. The decrease has been put down to high earnings from Hornsea 1 and strong wind speeds in 2020. Ørsted also said its Q1 results were impacted by a DKK 800 million (£93m) “warranty provision” related to cable protection system (CPS) “issues” at some of its offshore wind farms in the UK and Europe.
Energy Voice 29th April 2021 read more »
The Danish wind power firm Ørsted has warned that up to 10 of its giant offshore windfarms around the UK and Europe will need urgent repairs because their subsea cables have been eroded by rocks on the seabed. The renewables firm, which is behind plans to build the world’s largest offshore windfarm off the Yorkshire coast at Dogger Bank, told investors it might need to spend up to DKK3bn (£350m) over the next two years to repair the cables. Ørsted has found that the rocks placed at the base of the wind turbine foundations to prevent the erosion of the seabed were responsible for wearing down the cable protection system which, in a worst case scenario, could cause the cables to fail.
Guardian 29th April 2021 read more »
Times 30th April 2021 read more »