Ørsted has taken final investment decision (FID) on its Hornsea 3 offshore wind farm, which will have a capacity of 2.9GW and is expected to be completed around the end of 2027.
In July 2022, Ørsted was awarded a contract for difference (CfD) for Hornsea 3 at an inflation-indexed strike price of GBP 37.35 per MWh in 2012 prices. The CfD framework permits a reduction of the awarded CfD capacity. Ørsted will use this flexibility to submit a share of Hornsea 3’s capacity into the UK’s upcoming allocation round 6. Ørsted has all major contracts for Hornsea 3 in place, including an agreement with Siemens Gamesa for SG 14-236 DD offshore wind turbines. Hornsea 3 is located 160 km off the Yorkshire coast. When the wind farm comes online, Ørsted’s Hornsea trio – comprising Hornsea 1, 2, and 3 – will have a total capacity of in excess of 5 GW. The Hornsea zone will also include Ørsted’s Hornsea 4 project, which could have a capacity of up to 2.6 GW. Hornsea 4 received its development consent order from the UK government earlier in 2023 and is now eligible for forthcoming CfD allocation rounds.
