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Equinor “V” is for “Victory”

Pål Eitrheim,

Equinor’s Execu- tive Vice Presi- dent, New Energy

Solutions, reacts to news of New York 03 award.

Photo: Equinor

Offshore

Wind

Offshore Wind

Impacting energy, subsea, maritime and logistics

Ørsted•Equinor•WindServe Marine• Vard•Wärtsilä•Aqueous Corp.

By Barry Parker

Offshore Wind, collectively, comes in ment in the U.S. offshore wind industry Ørsted bringing experience back to the at #3, as it single handedly has the pow- of $17 billion by 2025, $108 billion by early 1990s, long before “green energy” er to impact the entire offshore energy, 2030, and $166 billion by 2035. Pro? led was on the radar. Headquartered in Den- subsea, maritime and logistics markets. here are six leaders of the pack. mark, its footprint extends across conti-

In the United States alone, a report from nents. The consultants McKinsey, in an

Wood Mackenzie estimates the potential article on the company, wrote, “Ørsted Ørsted bene? t from 28 new gW of wind power The Europeans have a generation lead invested aggressively in offshore wind and $1.7 billion in U.S. Treasury rev- on the world in the offshore wind sec- and phased out coal. By 2019, it had enue by 2022, powered by total invest- tor, with the Danish project developer become the world’s largest producer of

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