Danish power utility DONG Energy has acquired the 66.66% stake it did not control in the 1,200 MW Hornsea Project One offshore wind project in the United Kingdom. The project was developed by DONG Energy with 33.33% and SMart Wind (a 50-50 joint venture of Mainstream Renewable Power and Siemens Financial Services) with 66.66%. DONG Energy entered the joint venture in December 2011 and had an option to acquire full ownership upon consent from the British Department of Energy and Climate Change (granted in December 2014). The project is expected to be commissioned in 2020, provided that a final investment decision will be taken. Project One is part of the Hornsea Offshore Wind Farm zone, one of the Round 3 offshore wind programme of The Crown Estate; the Hornsea Offshore Wind Farm zone has a maximum capacity of 4 GW.
SMart Wind will continue to develop Hornsea Project Two, a 1,800 MW offshore wind project off the Yorkshire coast. Planning consent and the decision by the Secretary of State for Energy are expected by mid-2016.
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