Orsted Signs Largest-Ever Corporate Deal for Offshore Wind

By [email protected] Offshore wind has largely been stuck on the sideline of the corporate renewables market, as demand for onshore wind and solar has surged from corporate giants like Google, Walmart and even oil companies like Shell. That looks set to change.

Denmark’s Ørsted on Wednesday announced the largest-ever corporate offshore wind deal, with German chemical company Covestro signing up to take 100 megawatts of capacity from the upcoming 900-megawatt Borkum Riffgrund 3 project.

Earlier this year Google contracted with Engie for 93 megawatts of offshore wind capacity from the Norther project off Belgium, as part of its massive 1.6-gigawatt global renewables procurement.

Covestro’s 10-year,

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