Orsted – Ørsted completes divestment of share of four UK offshore wind farms

EMR Analysis

More information on Ørsted: See the full profile on EMR Executive Services

More information on Mads Nipper (Group President and Chief Executive Officer, Ørsted): See the full profile on EMR Executive Services

More information on the Hornsea 1 Offshore Wind Farm: https://orsted.co.uk/energy-solutions/offshore-wind/our-wind-farms/hornsea1 + 

Powering over 1 million homes with green electricity

Hornsea 1, located in the North Sea, generates enough green energy to power over 1 million UK homes. The wind farm comprises 174 turbines and covers an area of 407 square kilometres (157.2 square miles), which is over five times the size of the city of Hull.

• 1.2GW The combined total capacity of the project
• 174 7MW wind turbines
• 900km Cable route

Located 120 km (74.6 miles) off the Yorkshire coast in the North Sea, Hornsea 1 is our 12th operational wind farm in the UK. It was the world’s first offshore wind farm to exceed 1 GW in capacity and produces enough green energy to power well over one million homes. 

Hornsea 1 became fully operational in 2019 and is operated and maintained from our East Coast Hub in Grimsby which supports a workforce of more than 370 people. 

The offshore wind farm is owned by Ørsted (50%) and Global Infrastructure Partners (50%).

More information on the Hornsea 2 Offshore Wind Farm: https://hornseaprojects.co.uk/hornsea-project-two + Powering well over 1.4 million homes with green electricity.

Hornsea 2 Offshore Wind Farm is located approximately 89 km (55.3 miles) off the Yorkshire coast in the North Sea and adjacent to Hornsea One offshore wind farm.

Hornsea 2 key facts:

• 165 Siemens Gamesa 8MW turbines
• Hornsea Two will have a capacity of over 1.3GW and provide power to more than 1.4 million homes
• Located approximately 89km off the Yorkshire coast in the North Sea
• Hornsea Two will span an offshore area of 462km²
• Landfall at Horseshoe Point
• Became fully operational on 31 August 2022

More information on the Walney Extension Wind Farm: https://orsted.co.uk/energy-solutions/offshore-wind/our-wind-farms/walney-extension + Walney Extension offshore wind farm, located in the Irish Sea, generates enough clean electricity to power nearly 600,000 homes. This massive feat of engineering was constructed on time and on budget and was inaugurated on the 6 September 2018.

Walney Extension is located approximately 19km (11.8 miles) west of Barrow-in-Furness off the northwest coast in the Irish Sea. The 659-megawatt (MW) project, owned by Ørsted (50%) and partners AIP Management and PFA, is situated next to the existing Walney wind farm and West of Duddon Sands offshore wind farm. Walney Extension brings Ørsted’s total capacity operating out of Barrow up to 1.5 gigawatts (GW), which is enough to power more than 1.2 million UK homes.

More information on the Burbo Bank Extension Wind Farm: https://orsted.com/en/what-we-do/renewable-energy-solutions/offshore-wind/our-offshore-wind-farms + 

Status: In operation 
Number of turbines: 32
Overall capacity: 259 MW
In commercial operation since: 2017
Location: Burbo Flats in Liverpool Bay, approximately 7 km north of the North Wirral
Ørsted ownership share: 50%
Partners: LEGO (Kirkbi), Greencoat

More information on Brookfield: https://www.brookfield.com/ + Brookfield is a leading global investment firm with approximately $1 trillion of assets under management. We invest on behalf of institutions and individuals around the world with the goal of helping them to create long-term, sustainable wealth.

Our origin as owner/operators of high-quality businesses allows us to leverage our unique operational expertise to grow the businesses we own on behalf of our clients. We put our own capital to work alongside our partners’ in nearly every transaction, ensuring strong alignment of interests.

More information on Bruce Flatt (Chief Executive Officer, Brookfield): https://www.brookfield.com/about-us/leadership 

More information on Connor Teskey (President, Brookfield Asset Management; Chief Executive Officer Renewable Power & Transition, Brookfield): https://www.brookfield.com/about-us/leadership + https://www.linkedin.com/in/connor-teskey-67931326b/