Ørsted secures pricing arrangement for next North Sea Hornsea wind farm

July 7, 2022
Britain’s Department for Business, Energy and Industrial Strategy has awarded Ørsted a contract for difference for its Hornsea 3 offshore wind farm in the UK North Sea.

Offshore staff

LONDON  Britain’s Department for Business, Energy and Industrial Strategy has awarded Ørsted a contract for difference for its Hornsea 3 offshore wind farm in the UK North Sea.

The project will have a capacity of 2,852 MW and will help the ongoing development of the UK’s offshore wind supply chain. A final investment decision will follow sometime within the next 18 months.

Ørsted has already announced that the development will be the first customer for SeAH Wind’s monopile factory in Teesside, northeast England.

Hornsea 3 will be located 160 km from the Yorkshire coast, and it should be commissioned in 2027. Once online, Ørsted’s Hornsea zone, comprising Hornsea 1, 2 and 3, will have a total capacity of more than 5 GW.

The zone alsowill encompass the company’s Hornsea 4 project, presently in the planning process with a decision set to be taken in early 2023.

Ørsted will construct Hornsea 3 including offshore and onshore substations and export cables. Once the completed wind farm is commissioned, in accordance with UK regulations, the company will divest the transmission assets to a new owner.

07.07.2022