Sian Crampsie
Dong Energy is to move forward with construction of the 1.2 GW Hornsea Project One offshore wind farm in the UK, it has announced.
Dong announced the final investment decision on February 3, 2016, and says that the Round 3 project will push the boundaries of the offshore wind industry. It will become the largest offshore wind farm in the world and will be the final project in Dong's target to build 6.5 GW of offshore wind capacity by 2020.
"Reaching our strategic target is important as volume is required to reduce the cost of a new technology," said Dong CEO Henrik Poulsen. "It is vital in order to make all players in the value chain advance up the learning curve. As such Hornsea will be another major step in our ongoing efforts to significantly reduce the cost of electricity for offshore wind."
Hornsea was granted a contract for difference (CFD) by the UK government in April 2014 and will receive a fixed tariff for energy production for its first 15 years of production.
Hornsea is due to be commissioned in 2020 and will use Siemens 7 MW wind turbines.
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