Ørsted commits to two German offshore wind farms

Ørsted’s board of directors has taken the final investment decision on the Gode Wind 3 and

Borkum Riffgrund 3 wind farms in the German North Sea.

The 242-MW Gode Wind 3 and 900-MW Borkum Riffgrund 3 are expected to be commissioned in 2024 and 2025, respectively. The power from both projects will be generated by Siemens Gamesa 11-MW offshore wind turbines.

Ørsted has signed corporate power purchase agreements 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).

On the 19^th October 2021, Glennmont Partners agreed to become a 50% shareholder of Borkum Riffgrund 3. With the final investment decision, project permit, merger clearance, and foreign investment clearance now in place, Ørsted expects to complete the transaction no later than 1Q 2022.

Source: Offshore Magazine