Skip to main content

Ørsted joins race for Hollandse Kust Zuid wind project (Netherlands)

Danish power group Ørsted will submit a bid for the construction and operation of the Hollandse Kust Zuid 3 and 4 offshore wind projects, in the Dutch part of the North Sea. Ørsted thus joins the race for developing the project (two zones offering a capacity of at least 350 MW each), after Vattenfall's announcement and Shell's decision to team up with the Dutch energy company Eneco and the offshore wind project developer Van Oord.



Ørsted is already involved in the Dutch offshore wind market. In 2016, the group won the tender for the development of the 752 MW Borssele 1&2 project,which will be the largest offshore wind park in the Netherlands when completed in late 2020 or early 2021. The group has already made a final investment decision (FID) on Hollandse Kust Zuid 3 and 4 and secured the funding, to ensure the Dutch government that the project will be built if Ørsted wins the tender. The group also plans to build green hydrogen production plants, as part of its bid for Hollandse Kust Zuid 3 and 4; the sale of hydrogen to large industrial customers could help stabilise revenues from offshore wind parks, which rely on market prices.



Tender competitor Vattenfall is already involved in the development of the 700 MW Hollandse Kust Zuid 1 and 2 contiguous projects and intends to increase its presence in the Dutch offshore wind sector. The company hopes to achieve economies of scale if all the projects are combined, which would thus bring significant benefits in terms of cost reductions.