Ørsted Sets Hornsea One Farm-Down Timeframe

Ørsted plans to complete a 50% farm-down of the 1.2GW Hornsea Project One offshore wind farm either in the second half of 2018 or in 2019.

Should the divestment materialise in 2018, the company’s operating profit (EBITDA) including new partnerships is expected to be higher than the DKK 22.5 billion (EUR 3bn) achieved in 2017, Ørsted said.

Once commissioned in 2020, Hornsea One will be the largest operating offshore wind farm in the world.

Offshore construction at the wind farm started in late January 2018, with the installation of the first of the 174 monopiles at the site some 120 kilometres off Yorkshire, UK.

Ørsted also holds the project rights to the Hornsea Project Two and Three, which have the potential of further 3GW offshore wind power capacity in total.

Share this article

Follow Offshore Wind

Events>

<< Nov 2018 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

5th Asia Offshore Wind Day 2019

The event will bring together senior executives active in the offshore wind industry in Asia…

read more >

ACI’s Operating Specialist Wind Vessels 2018

Already on its 5th edition, ACI’s Operating Specialist Wind Vessels 2018 will bring together senior executives and experts from ship owners

read more >

Benelux Infrastructure Forum

This year’s highly-anticipated event will focus on exploring new financing mechanisms and alternative markets for future…

read more >

Offshore Wind Europe 2018

The Offshore Wind Europe speaker line-up is supported by executives who are leading the charge…

read more >

Jobs>

Senior Operations & Maintenance Engineer

The Senior O&M Engineer (Structural) sits within the Asset Integrity Management Department team of Offshore O&M, reporting to a Lead O&M Engineer...

apply

O&M Lead Contract Manager

Here at Scottish Power Renewables we’re committed to remaining a UK leader in renewable energy. As well as investing in our technologies, we are committed to investing in the future of extraordinary people like you...

apply

Senior Contract Manager

Here at Scottish Power Renewables we’re committed to remaining a UK leader in renewable energy. As well as investing in our technologies, we are committed to investing in the future of extraordinary people like you...

apply

Vessels>