Ørsted is already approaching 2025 goals
Ørsted, formerly DONG Energy, is already approaching its goal, which was announced at the beginning of this year, to have wind power of 11-12 GW installed by the end of 2025. Right now, Ørsted has installed or signed contracts of almost 9 GW.
The company's latest project is the large 1,386 MW Hornsea Project Two offshore wind farm in Great Britain, where the final investment decision was taken in September this year.
By the end of 2016, the company had already installed a total of 3,6 GW of wind turbine capacity. In 2013, the target for 2020 was set to have 6,5 GW offshore wind power by 2020. Ørsted has increased the goal by 200 MW recently due to the completion of the 1,2 GW Hornsea Project One offshore wind farm within the timeframe.
Hornsea Project One is now under construction, the same is the 659 MW Walney Extension wind farm, half of which has just become of Ørsted into a consortium of the two Danish pension funds, PKA and PFA.
In April 2017, Ørsted won the rights to build three offshore wind projects in the German North Sea with a total of 590 MW, of which two will be built and operated without subsidies. The projects are expected to be completed in 2024.
In the period after 2020, Ørsted also has licenses for Dutch projects Borssele 1 & 2, of which the first of 0,7 GW capacity will be fully expanded.
Source: Ørsted / Maritime Denmark