Denmark's Dong Energy has decided to build an offshore wind farm in Britain with a capacity of 1.2 gigawatts, the company said on Wednesday.
The Hornsea Project One, located 120 km off the Yorkshire coast and covers approximately 407 sq km, will upon completion be the world's largest offshore wind farm, Dong Energy said in a press statement.
The wind farm is expected to be fully commissioned in 2020 and it is estimated that the energy production from the site will be able to meet the electricity needs of over 1 million British homes.
"We are excited about building this huge wind farm and pushing the boundaries of the offshore wind industry," said CEO of Dong Energy Henrik Poulsen. Hornsea will be the final stage towards Dong Energy delivering on its strategic target of installing 6.5 GW of offshore wind by 2020.
"Reaching our strategic target is important as volume is required to reduce the cost of a new technology," Poulsen said. Hornsea was granted a final investment decision enabling contract by the British Government in April 2014 and will receive a fixed tariff for the first 15 years of production. Headquartered in Denmark, Dong Energy produces, procures, trades and distributes energy throughout Northern Europe.
Latest comments