DONG ENERGY TO BUILD WORLD’S BIGGEST OFFSHORE WIND FARM
DONG Energy has been awarded a contract to build its Hornsea Project Two offshore wind farm, at the lowest-ever price for offshore wind in the UK. At GBP 57,50MWh, the strike price for the Contract for Difference (CfD) is 50% lower than the previous round of CfD allocations just two years ago, demonstrating the rapid reduction in cost across the industry.
With a massive capacity of 1,386MW, enough to power over 1.3 million UK homes, Hornsea Project Two will become the world’s biggest wind farm, even surpassing the 1,200MW giant Hornsea Project One which DONG Energy is currently constructing. Hornsea Project Two will be built 89 kilometres from the Yorkshire coast and is expected to be operational from 2022. Hornsea Project Two will contribute significantly to DONG Energy’s ambition of reaching a total offshore wind capacity of 11-12GW by 2025.
Samuel Leupold, Executive Vice President and CEO of Wind Power at DONG Energy, says:
“We’re delighted to be awarded a Contract for Difference for Hornsea Project Two, which is another important step towards fulfilling our vision of making offshore wind the most competitive form of electricity generation.”
“We have always promoted size as a key driver for cost. The ideal size of an offshore wind farm is 800-1,500MW, and therefore it is natural that Hornsea Project Two will deliver record-low costs to society. At the same time, the low strike price demonstrates the cost saving potential of developer-built offshore grid connections, which in the UK is included in the project scope.”
The project will consist of up to 300 turbines and is located approximately 89km off the Yorkshire coast. When complete, it will be able to meet the electricity needs of up to 1.3 million homes per year, and bring low carbon power to the UK and the opportunity for economic growth in the Humber region. Hornsea Project Two is the continuation of DONG Energy’s strong commitment to the UK and further investment by DONG Energy in the UK offshore wind pipeline. (Source: Dong Energy)
- SCHLUMBERGER AND SUBSEA 7 TO FORM A JOINT VENTURE 23rd February 2018
- BORR DRILLING ACQUIRES PARAGON OFFSHORE 23rd February 2018
- FIRST LIVE OIL SEEPS DISCOVERED ONSHORE JAMAICA 23rd February 2018
- BASSOE OFFSHORE: UP TO 200 JACKUPS TO SCRAP 17th February 2018
- NOBLE ENERGY SELLS DEEPWATER GULF ASSETS FOR $710 MILLION 16th February 2018
- NEPTUNE ENERGY ACQUIRES ENGIE E&P 16th February 2018
- BLAST ONBOARD SAGAR BHUSHAN DRILLSHIP KILLS FIVE 15th February 2018