Danish power business DONG has actually been granted an agreement to construct the globe’s biggest overseas wind ranch in the UK market of the North Sea.

With an enormous ability of 1,386 MW, the Hornsea Project Two overseas wind ranch will certainly can creating sufficient power to power 1.3 million residences in the UK. Once completely functional, it will certainly be the globe’s most significant wind ranch, also exceeding the 1,200 MW titan Hornsea Project One which DONG Energy is presently building.

The job will certainly additionally establish a document for lowest-ever cost for overseas wind in the UK, setting you back as long as 50% much less than comparable tasks simply 2 year back.

Hornsea Project Two will certainly be constructed 89 kilometers from the Yorkshire coastline and also is to be run from DONG Energy’s brand-new procedures center in Grimsby, which will certainly be the biggest center of its kind in the UK when constructed.

DONG stated the job will certainly sustain approximately 2,000 work throughout its building and construction stage, and also approximately 130 long-term work over its 25-year functional stage.

“We’re delighted to be awarded a Contract for Difference for Hornsea Project Two, which is another important step towards fulfilling our vision of making offshore wind the most competitive form of electricity generation,” stated Samuel Leupold, Executive Vice President and also CHIEF EXECUTIVE OFFICER of Wind Power.

DONG stated that at GBP 57,50/ MWh, the strike cost for the Contract for Difference (CfD) is 50% less than the previous round of CfD allowances simply 2 years back, showing the quick decrease in price throughout the market.

“We have always promoted size as a key driver for cost. The ideal size of an offshore wind farm is 800-1,500MW, and therefore it is natural that Hornsea Project Two will deliver record-low costs to society. At the same time, the low strike price demonstrates the cost saving potential of developer-built offshore grid connections, which in the UK is included in the project scope,” Leupold stated.

DONG Energy is currently building Hornsea Project One and also has actually begun the examination procedure for Hornsea Project Three, underscoring the substantial capacity of this location of the North Sea for overseas wind.

“This is a breakthrough moment for offshore wind in the UK and a massive step forward for the industry,” stated Matthew Wright, Managing Director for DONG Energy UK.

“Successive governments deserve great credit for providing the certainty for continued investment in offshore wind, enabling it to become the thriving renewable industry it is today. Costs are falling rapidly, long-term and highly-skilled jobs are being created across the North of England and the UK supply chain is going from strength to strength. We’re now really seeing the benefits of this commitment to offshore wind and there is still so much more to come. Indeed, it has the potential to play a key part in the realisation of the UK’s industrial strategy,” included Wright.

DONG Energy has actually spent GBP 6 billion in the UK to day and also will certainly get to GBP 12 billion in UK financial investments by 2020. The business completely or partially possesses 12 functional overseas wind tasks in the UK.