The U.K. Department for Energy Security and Net Zero (DESNZ) has awarded Ørsted contracts for difference (CfD) for a 1,080 MW share of the Hornsea 3 Offshore Wind Farm, as well as a 2,400 MW CfD for Hornsea 4.
The CfDs were awarded at inflation-indexed strike prices of £54.23 per MWh for the share of Hornsea 3 and £58.87 per MWh for Hornsea 4. Both contracts are in 2012 prices.
“We’re pleased with the outcome of allocation Round Six, which is an important milestone for two of the world’s largest offshore wind farms,” says Rasmus Errboe, deputy CEO and CCO at Ørsted.
“We look forward to delivering these landmark projects, which will supply renewable power at large scale to U.K. consumers and businesses and help the U.K. government achieve its target of quadrupling offshore wind capacity to 60 GW by 2030.”
Hornsea 3 is set to be the world’s single largest offshore wind farm, with a capacity of 2,955 MW.
Ørsted expects to take FID on Hornsea 4 within the next 18 months and is currently targeting commissioning of the project before the end of 2030.
