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Ørsted Offloads 50 Pct of Gode Wind 3 to UK Investor

Ørsted has completed the divestment of 50 per cent of its 253 MW Gode Wind 3 offshore wind farm in Germany to funds managed by Glennmont Partners from Nuveen.

The two companies signed an agreement for the 253 MW offshore wind project in October this year.

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The Gode Wind 3 offshore wind farm was awarded to Ørsted in 2017 and 2018 as two separate projects with a weighted average feed-in tariff of EUR 81 per MWh.

Located in the German North Sea, the project is currently under construction alongside the Borkum Riffgrund 3 Offshore Wind Farm, where Ørsted and Glennmont are already 50/50 owners.

Furthermore, Glennmont also co-owns Ørsted’s Gode Wind 1 offshore wind farm.


Gode Wind 3 will be built simultaneously with the 900 MW Borkum Riffgrund 3 Offshore Wind Farm, and both new projects will feature Siemens Gamesa 11 MW offshore wind turbines.

The 253 MW project is expected to be commissioned in 2024 with Borkum Riffgrund 3 coming online the following year.


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