Ørsted takes final investment decision for 1.14 GW offshore wind farms in Germany

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Ørsted takes final investment decision for 1.14 GW offshore wind farms in Germany

Ørsted has taken the final investment decision (FID) on the two German offshore wind farms Gode Wind 3 and Borkum Riffgrund 3 which are expected to be commissioned in 2024 and 2025, respectively.

Borkum Riffgrund 3 and Gode Wind 3 will have export capacities of 900 MW and 242 MW, respectively, and will be located in the German North Sea.

The power from both projects will be generated by Siemens Gamesa offshore wind turbines, each with a capacity of 11 MW and a 200-metre rotor diameter. Ørsted has signed CPPAs on Borkum Riffgrund 3 for a total of 786 MW with Covestro (100 MW), Amazon (350 MW), REWE Group (100 MW), BASF (186 MW), and Google (50 MW) to support the final investment decision by creating a large degree of revenue certainty for Borkum Riffgrund 3.

With bids of EUR 0 per MWh, Borkum Riffgrund 3 was the world's first large-scale offshore wind farm to be awarded with a zero bid whereas Gode Wind 3 will receive a weighted average subsidy of EUR 81 per MWh.

 

List of country news

Country news

  • November 15, 2021

    BASF signs PPA for 900 MW Offshore wind farm in Germany

    BASF and Ørsted have concluded a 25-year power purchase agreement (CPPA) for 186 MW from Borkum Riffgrund 3 Offshore Wind Farm in the German North Sea.

    Read more
  • September 29, 2021

    Commercial operation achieved for 120 MWp PV solar project in Germany

    Anumar has announced the commercial operation of its 120 MWp Schornhof photovoltaic solar project in Bavaria, Germany.

    Read more
  • August 09, 2021

    Tekmar to supply cable protection system for 476 MW offshore wind farm in Germany

    Tekmar Energy Limited announced that it received a contract from Van Oord to supply its Generation 10 Cable Protection System (CPS) for the Baltic Eagle offshore wind farm in the Baltic Sea, Germany.

    Read more
  • July 29, 2021

    RWE and other partners sign letter of intent for offshore hydrogen project in Germany

    RWE, Shell, Gasunie and Equinor have signed a letter of intent to strengthen their cooperation in the AquaSector offshore hydrogen project in the North Sea, Germany. 

    Read more
  • July 28, 2021

    Van Oord to install foundations, cables for 476 MW Offshore wind farm in Germany

    Van Oord has signed a contract with the Spanish energy company Iberdrola for the Baltic Eagle offshore wind farm.

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.