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Ørsted confirms talks over 50% farm-down of Hornsea I offshore wind farm

CTBR Staff Writer Published 20 February 2018

Danish clean energy company Ørsted has confirmed that it is in exclusive discussions regarding a 50% farm-down of the Hornsea I offshore wind farm.

The statement has been made in the wake of media speculations over a possible farm-out in the offshore wind project. At the same time, the company has also hinted that there can no assurances about reaching a deal regarding the farm-down.

As disclosed in Ørsted’s annual report for 2017, the company expects the transaction to take place in the second half of this year or next year.

Hornsea I offshore wind farm is considered to be one of the world’s largest offshore wind farm, with a generating capacity of 1.2GW. The wind farm will be located 120km from England’s coast in the North Sea and will be spread across in an area roughly 400km2. The wind farm is being constructed with a total estimated cost of €3.36bn.

Expected to be completed in 2020, the wind farm will generate enough clean electricity to be supplied to more than a million homes in the UK, while offsetting 1.7 million tonnes of CO2 from entering the atmosphere.

This wind farm will include 174 of Siemens Gamesa’s 7MW turbines. Each turbine will be 200m tall, with a rotor diameter of 154m. Final investment decision for the construction of the wind farm was taken in 2016.  

The project is in line with the company's goal to install 6.5GW of offshore wind by the end of this decade.

Recently, Ørsted selected Siemens Gamesa as the exclusive turbine supplier for its 1.38GW Hornsea II offshore wind farm project. For this future project, the Spanish wind turbine-maker is expected to supply at least 173 turbines, each with 8MW power generating capacity.

Hornsea II will also be located in British waters and will generate sufficient power for more than 1.3 million homes in the UK.

Image: Hornsea I offshore wind farm has a generating capacity of 1.2GW. Photo: Courtesy of Ørsted.