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42-414: In 2012, Port of Odense purchased the site of the former Odense Steel Shipyard which had been Denmark's second-largest shipbuilding facility. Lindø Industrial Park is now being developed on the site with an emphasis on companies working in the off-shore sector. Odense's inland location became an ever more serious problem for the city with the development of industry and commerce in the 18th century. Towards

84-607: A 20-year contract for one billion cubic meters of natural gas per year from 2011, from Gazprom in Russia through Nord Stream 1 and Germany. The deal included that DONG delivers 600 million cubic meters per year (for 15 years) from the Ormen Lange gas field to Gazprom in United Kingdom. In 2007, DONG and Wingas (partly owned by Gazprom) agreed to a gas swap, where DONG delivers gas to Wingas UK, while Wingas delivers

126-635: A deficit of 12 billion DKK, the largest of any Danish company ever. DONG Energy was listed on the Copenhagen Stock Exchange in June 2016. At the same time, it divested its ownership shares of five Norwegian oil and gas fields to Faroe Petroleum. That year, the company was voted number 11 on the Clean200 list. In 2017, DONG Energy completed decommissioning of the world's first offshore wind farm, Vindeby Offshore Wind Farm . In 2017,

168-598: A depth of 7.5 m (25 ft). The terminal in Munkebo has a depth of 11 m (36 ft) and a quay 630 m (2,070 ft) in length. In addition to extensive truck parking areas, the warehousing covers 1,100 m (12,000 sq ft) while the silo facilities cover 1,000 m (11,000 sq ft). Odense Havn is planning to extend the terminal at Odense Steel Shipyard with an additional 1,000 m (3,300 ft) of mooring quay and 500 m (5,400 sq ft) of additional storage facilities. After

210-732: A frigate for the Royal Danish Navy, which was delivered in January 2012. After the closure of the yard in 2012, the site has been transformed to an industrial park housing a large number of companies within the offshore sector ; the Lindoe Offshore Renewables Centre. Most companies work with production, storage and discharge of large components for offshore and heavy industries. The area of more than 1,000,000 square metres (11,000,000 sq ft), of which 166,000 square metres (1,790,000 sq ft)

252-517: A goal of net zero generation by 2025 and no carbon emissions by 2040. Ørsted has its origin in the Danish state-owned company Dansk Naturgas A/S. The company was founded in 1972 to manage gas and oil resources in the Danish sector of the North Sea . After some years, the company was renamed to Dansk Olie og Naturgas A/S (DONG), meaning Danish Oil and Natural Gas. At the beginning of the decade of

294-483: A major hub for the import and export of coal and was a regular destination for steamships. Despite a serious fire in 1925, the port continued to prosper. Fine new warehouses were constructed, many of which can still be seen today. The harbour quarter of Nørrebro developed with sailors' taverns and important new industries in the electrical, milling and foodstuffs sectors and last but not least in shipbuilding with A.P Møller 's Odense Stålskibsværft founded in 1918. During

336-402: A market share of 16%. Ørsted surpassed 1,000 offshore wind turbines in 2016. In Denmark, it operates the 209 MW Horns Rev 2 offshore wind farm. In the United Kingdom Ørsted operates Barrow and Burbo Bank offshore windfarms and will construct Walney and Gunfleet Sands I and II wind farms. In addition, it is building the world largest wind farms, the 1,200 MW Hornsea 1 and

378-582: A new 1,000 ton, 110-metre tall gantry crane in April 2001. The collapse in world shipping as a result of the 2009 Global Recession led Maersk to announce in January 2009 that Odense would concentrate on smaller ships but in May 2009 they announced that they would be closing the yard altogether and putting Baltija Shipbuilding Yard in Lithuania up for sale. The last newbuild from Lindø was No.714 Niels Juel ,

420-738: Is a Danish multinational energy company . Headquartered in Fredericia , Denmark , Ørsted is the largest energy company in Denmark. The company adopted its current name on 6 November 2017. It was previously known as DONG. As of January 2022, the company is the world's largest developer of offshore wind power by number of built offshore wind farms. Ørsted developed approximately 30% of the global offshore wind power installed capacity, excluding mainland China. Globally, Ørsted produces 90% of its energy from renewable sources, and has an objective of exceeding 95% by 2023 and 99% by 2025. The company has

462-761: Is under roof, combined with the gantry crane and the harbour area makes it ideal for handling heavy industry. In 2016 elements of the yard Odense Maritime Technology (OMT [1] ) were proposing the Iver Huitfeldt -class frigates for the Procurement programme of the Royal Australian Navy 's frigates, but built in Australia. 55°28′07″N 10°32′19″E  /  55.46861°N 10.53861°E  / 55.46861; 10.53861 DONG Energy Ørsted A/S (formerly DONG Energy )

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504-409: Is under roof, with an expansion area of an additional 2,000,000 m (22,000,000 sq ft). The old gantry crane and the harbour area makes it ideal for handling heavy industry. There is a small harbour with a depth of 7–5 m (23–16 ft) with lifting and carrying facilities able to handle up to 1,000 tonnes. LORC (Lindoe Offshore Renewables Centre), a non-profit commercial foundation in

546-765: The Department of the Interior and the Bureau of Ocean Energy Management , which, in the lease, handed over some sea area in the United States for wind park development, specifically in New Jersey . Before the divestment of its oil and gas upstream assets to Ineos in 2017, DONG Energy's core areas of oil and gas exploration and production lay in the southern part of the Norwegian North Sea and

588-572: The European Commission on 14 March 2006. In 2002 Elsam had installed the 160 MW Horns Rev offshore wind farm, which was the first large-scale offshore wind farm in the world. In 2005, DONG Energy acquired 10.34% in the Ormen Lange gas field (operated by Shell ). The share of gas reserves allocated to DONG Energy are approximately 40 billion cubic metres (1.4 trillion cubic feet). The following year, DONG entered

630-700: The Greater Changhua 1 Offshore Wind Farm in Taiwan to Caisse de depot et placement du Quebec and Cathay PE for $ 2.7 billion. In 2022, Ørsted began rewilding the seabottom near some of its offshore wind farms. Ørsted considers Denmark , Sweden , the United Kingdom , Germany and the Netherlands as core markets of corporation. However, in 2015 they also received a lease from the US agencies

672-621: The UK . DONG Energy also owned a share of the Norwegian gas pipeline system. Ørsted is the largest power producer in Denmark with market shares of 49% for electricity production and 35% for heat production. It also owns power production facilities and projects in Germany, Sweden, the Netherlands, Norway and the United Kingdom. Ørsted is the largest offshore wind farm company in the world with

714-644: The 1,386 MW Hornsea 2 . In North America it is a joint-venture partner in multiple proposed offshore wind projects, including the Block Island Wind Farm , Revolution Wind, South Fork Wind, and Sunrise Wind, all off the southern coast of New England. The company was also developing Ocean Wind , an offshore wind farm on the Atlantic coast near Atlantic City, New Jersey , until it was cancelled in October 2023, and Skipjack Wind, southeast of

756-405: The 2000s, DONG started to expand itself into the electricity market by taking long positions in electricity companies. In 2005, DONG acquired and merged Danish electrical power producers Elsam and Energi E2 and public utility (electricity distribution) companies NESA, Københavns Energi and Frederiksberg Forsyning. The result of the merger was the creation of DONG Energy. The merger was approved by

798-501: The 400 MW Anholt Offshore Wind Farm off the Danish island of Anholt in the Kattegat at a cost of 10 billion Danish kroner (€1.35 bln). DONG Energy was the only bidder in the process. The following year, DONG Energy divested its last onshore wind turbines, focusing on offshore wind power. of which DONG Energy had 3,000 MW in 2015; As part of the restructuring plan to fund offshore wind projects, in January 2014

840-929: The Danish part of the North Sea to Nybro and the Swedish gas transmission network (Nova Naturgas). DONG Energy co-owned the Tyra West – F3 pipeline pipelines, which create a link from the North Sea Danish section to the Netherlands natural gas hub in Den Helder , the DEUDAN pipeline from Jutland to north of Hamburg in Germany , and the Langeled pipeline from Nyhamna terminal in Norway to Easington in

882-446: The Danish part of the North Sea, Barents Sea , west of Shetland , and in the central region of Norway (gas production). The reserve base was expected to be 570 million barrels (91,000,000 m ) of oil equivalent . In 2016, it produced 100,000 barrels per day (16,000 m /d) of oil equivalent. In 2016, DONG Energy agreed to sell its oil and gas pipelines to Energinet.dk . It owned oil and gas pipelines which extend from

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924-526: The Dutch market. In 2010, DONG divested Norwegian power companies Salten and Nordkraft. In September 2013, DONG Energy sold a power cable accessing the London Array wind farm to its partners, E.ON and Masdar for around $ 728 million. By 2012, DONG Energy had a wind turbine capacity of 794 MW and planned to add another 594 MW the following year. In 2013, the company finished the construction of

966-575: The German occupation of Denmark in the Second World War , shortly before work on the mine-layer Linz was completed, the ship was sabotaged by Sigurd Weber, an electrician. When the Germans attempted to have the work completed under armed guard, the workers went on strike. The revolt soon spread to other industries and towns, resulting in the termination of the Danish government's cooperation with

1008-484: The Germans on 29 August 1943. The last extension to the inner harbour occurred in 1964 with a new dock to the west. Thereafter growth stagnated as larger vessels were unable to navigate the canal. As a result, in 1992 a new harbour known as the Lindø Terminal ( Lindø-terminalen ) was built near Munkebo . It continues to cater for most of the port's shipping today. The Port of Odense comprises two main harbours,

1050-411: The US. In 2018, a gas price arbitration case was closed between Gazprom on one side, and Ørsted, Shell and others on the opposite side. In 2019, Ørsted divested an electricity distribution network for $ 3 billion. On 9 September 2020 it was revealed that Mads Nipper, former CEO of Grundfos , will take over as CEO from Henrik Poulsen on 1 January 2021. In 2020 developer Ørsted sold a 50% stake in

1092-716: The Yard built some of the world's largest container ships; including the Mærsk E-class with a nominal capacity of 15,550 TEU (originally declared as 11,000 TEU), the highest equivalent number of any vessel as of today. However, Maersk chose Daewoo to build its latest and largest design, the Triple E class with a nominal capacity of 18,000 TEU, as the Asian shipyard was more competitive. The original shipyard remained in operation until 1966, when all operations were transferred to

1134-530: The closure of the shipyard in 2012, the site has been transformed into an industrial park housing a large number of companies within the offshore sector; the Lindø Industrial Park ( Lindø Industripark ). Most companies work with production, storage and discharge of large components for offshore and heavy industries. The area of more than 1,000,000 square metres (11,000,000 sq ft), of which 166,000 square metres (1,790,000 sq ft)

1176-426: The commercial harbour ( Odense Erhvervshavn ) in the city area and the industrial harbour ( Odense Ervervshavn ) at Lindø near Munkebo to the north. The commercial harbour has three basins or docks, stretching some 3,350 m (10,990 ft) along the quay. Odense Havn owns 2,000 m (6,600 ft) of the quayside while Odense Municipality owns the remaining 1,350 m (4,430 ft). The water generally has

1218-517: The company decided to phase-out the use of coal for power generation, and it sold off its oil and gas business to Ineos for US$ 1.05 billion. After selling its oil and gas business the company announced its transition to renewable energy was fulfilled and changed its name to Ørsted after the Danish scientist Hans Christian Ørsted , citing that DONG was inappropriate considering they no longer owned any oil and natural gas assets. In 2018 Ørsted acquired Deepwater Wind to expand offshore wind in

1260-562: The company sold an 18% stake to New Energy Investment S.a.r.l., a subsidiary of Goldman Sachs , while Danish pension funds , ATP and PFA Pension acquired 4.9% and 1.8% accordingly. The deal was heavily criticised and caused a split of the ruling coalition of Helle Thorning-Schmidt . Six cabinet ministers and the Socialist People's Party withdrew from the government. On 9 June 2016, some of these shares were sold in an IPO at Copenhagen Stock Exchange . In 2015, DONG Energy had

1302-431: The end of the century, the prefect Friedrich Buchwald (1747–1814) suggested connecting it to the sea by means of a canal. A huge undertaking at the time, it took some 200 workers eight years to complete the 5 km (3 mi) of excavation work, largely using spades and barrows. The canal was completed in October 1807 when the yacht Neptunus was able to sail into the new harbour. By 1805, up to 12 vessels could be seen in

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1344-485: The green offshore sphere has been established, attracting a number of players involved in research and development. These include Mærsk, DONG Energy , Siemens Wind Power , University of Southern Denmark , Vattenfall Vindkraft and Vestas Wind Systems . In December 2014 DONG Energy ordered 32 Vestas V164 wind turbines (256 MW) for the extension of the 90 MW Burbo Bank Offshore Wind Farm . The nacelles were produced at Lindø. The 10MW LORC wind turbine test facility

1386-475: The mouth of Delaware Bay . The company also has interests in onshore wind farms in Texas, Kansas, Nebraska, and Illinois. Ørsted was until 2017 the largest shareholder (51%) of offshore wind turbine installer A2SEA , while Siemens owns the other 49%. Ørsted also has 30% of subsea cabling installer CT Offshore. Ørsted has been developing Borssele 1 and 2 wind farms in the Netherlands since 2021. Ørsted

1428-445: The new site. Unlike the modern shipyard, the old yard produced civilian and merchant vessels only. Its first completed ship was cargo steamship Robert Mærsk , completed in 1920. Its last production was Yard No. 177, the bulk carrier Laura Mærsk . The new shipyard originally had two building docks, No. I and II (300 × 45 × 7.5 metres each), allowing the construction of tankers of up to 100,000 tonnes deadweight (DWT). The yard

1470-599: The same amount to DONG in North Germany. The deal was criticized as "damaging to European interests". At about the time of the 2009 United Nations Climate Change Conference in Copenhagen, DONG Energy adopted the "85/15 vision" strategy, with the aim of changing from a company with 85% of activities fossil fuel based to a company 85% based on green energy activities. In 2009, the Gazprom->;DONG contract

1512-410: The small dock. The canal contributed to the city's growing prosperity as warehouses and customs offices were built along the quayside. But by the second half of the 19th century, with the advent of larger ships, there was need for expansion. In 1885, a new basin opened east of the old one and in 1904 the canal was deepened and widened, this time with the help of steam-driven equipment. The harbour became

1554-495: Was best known for building container ships for its parent group, A.P. Moller – Maersk Group , including the Mærsk E class in 2006 which at the time were the biggest container ships in the world. The global financial crisis led to Maersk announcing its closure in 2009 and the last new ship was delivered in January 2012. The first yard was opened in 1918–1919 by the A.P. Møller company. A new yard with bigger and better facilities

1596-460: Was built in 1979, and the first container ship in 1980. In December 1992, the yard completed the world's first 300,000 DWT double-hull tanker. In January 1996 they delivered its first Post-Panamax container ship. On 3 December 1999 the gantry crane collapsed after a hurricane in the building dock and damaged the ship No.170 Cornelius Mærsk , which was nonetheless was repaired and delivered two months later. MAN Takraf of Leipzig, Germany, delivered

1638-603: Was constructed 1957–1959 on a new site located in Munkebo a few kilometres outside Odense proper. Odense Steel Shipyard was the largest yard within the Odense Steel Shipyard Group, which also consisted of two yards and an engineering company, all situated in the Baltic. The yard was known for designing and building innovative vessels that applied the newest technology in design and equipment. Since 1996

1680-421: Was doubled to 2 bcm/year for 18 years, beginning in 2012. However, Gazprom records showed that DONG only bought 15% of that amount in 2012 and 2013. In 2009, DONG Energy sold its fiber broadband in northern Zealand to TDC A/S . In 2010, the company started a cooperation with Dutch Nederlandse Energie Maatschappij  [ nl ] . However, in 2014 DONG Energy withdrew its consumer activities from

1722-544: Was enlarged in 1967 to include a new very large building dock, No. III (415 × 90 metres), and an 800-ton, 95-metre tall, 148.5-metre span gantry crane , allowing the construction of tankers in the VLCC and ULCC class. The largest construction planned on the yard was two 500,000  DWT tankers, but this order was later cancelled. From the 1960s until 1977, the yard only constructed oil tankers (no larger than 330,000  DWT ) as well as bulk carriers. The first RO-RO ship

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1764-483: Was expanding in 2015 at a cost of DKK 120m, and a different type of test facility for over 20MW was in construction in 2019. A 25 MW test facility was underway in 2021. 55°24′32″N 10°22′48″E  /  55.409°N 10.380°E  / 55.409; 10.380 Odense Steel Shipyard Odense Steel Shipyard ( Danish : Odense Staalskibsværft ) was a Danish shipyard company located in Odense . It

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