Ørsted ditches deal on $625M vessel for installing turbines

Source: By Heather Richards, E&E News • Posted: Monday, May 27, 2024

The cancellation shows White House support hasn’t resolved the offshore wind industry’s financial woes.

A spinning turbine off the coast of Virginia Beach, Virginia.

A spinning turbine off the coast of Virginia Beach, Virginia. Francis Chung/POLITICO

The developer of two offshore wind projects in New England has canceled an agreement to use Dominion Energy’s $625 million wind turbine installation vessel, marking the latest setback for the industry’s supply chain.

Ørsted spokesperson Maddy Urbish confirmed Thursday that the wind developer has secured a replacement vessel to install turbines for the 704-megawatt Revolution Wind project off the coast of Rhode Island and the 924-MW Sunrise Wind farm off the coast of New York.

The company has terminated a charter inked with fanfare in 2021 to use Dominion’s enormous installation ship named Charybdis for the two projects.

Ørsted did not provide a reason for the canceled deal and declined to provide details on the replacement vessel. But Charybdis has faced delays and cost increases.