DONG Energy has acquired the remaining 66.66% ownership interest in 1.2 GW offshore wind development Hornsea Project One from its joint venture partner SMart Wind.
Hornsea Project One is located 120 kilometers off the Yorkshire coast in the U.K. and covers approximately 407 square kilometers. When complete, Hornsea Project One will be the world's largest offshore wind farm, notes DONG Energy.
According to DONG Energy, the company entered into the joint venture with SMart Wind – a 50/50 joint venture between Mainstream Renewable Power and Siemens Financial Services – in December 2011, with an option to acquire the remaining 66.66% ownership interest.
