Ørsted comments on media speculation regarding a 50% farm-down of Hornsea 1

Monday, 19 February, 2018 - 18:45

In response to media speculation, Ørsted confirms that it is in exclusive discussions regarding a 50% farm-down of the offshore wind farm Hornsea 1.

There can be given no assurances as to whether a transaction will be concluded and the timing hereof. As communicated in Ørsted’s annual report for 2017, we expect a 50 % farm-down of Hornsea 1 in H2 2018 or in 2019.

The information provided in this announcement does not change Ørsted's previously announced outlook for the 2018 financial year.

Source: Ørsted

Similar Entries

Turbine #31 installed in the North Sea as the company’s second German project nears completion

All 31 monopile foundation turbines are installed at our offshorewind farm Deutsche Bucht. The remaining 2 turbines will be erected on Mono Bucket foundations. Last month, the first turbine began delivering power to the German grid. Commissioning of the 8.4 MW turbines is ongoing.

Klaus Steen Mortensen, Chief Executive Officer of Bladt Industries (pict. Bladt)

Vineyard Wind LLC (Copenhagen Infrastructure Partners and Avangrid Renewables) and Bladt Industries have signed a contract for fabrication and delivery of the Vineyard Wind project’s offshore substation. The Vineyard Wind project will be first utility-scale offshore wind farm in the US. Bladt Industries is a global leader of substructures for offshore wind farms.

Burbo Bank offshore wind farm (pict. Spica Technology)

Spica Technology is to deliver 32 remote maintenance platforms that are to be installed on the 32 V164 8.0 MW offshore wind turbines at the operating offshore wind farm Burbo Bank Extension in Liverpool Bay north of the North Wirral coast in England.

Heerema marine contractors installing a monopile

Dutch offshore contractor Heerema has been assigned to help build the first and largest commercial offshore wind farm in the United States. The prestigious 'Vineyard Wind LLC' project is the nation's first utility-scale offshore wind energy project. Situated 14 miles off the coast of Massachusetts, this project will generate clean, renewable, cost-competitive energy for over 400,000 homes and businesses, while reducing carbon emissions by over 1.6 million tons per year.