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Ørsted sells 50% in the Borssele 1-2 offshore wind park (Netherlands)

8 Apr 2021

The Danish power company Ørsted has signed an agreement with the Norwegian sovereign fund Norges Bank Investment Management (NBIM) to sell a 50% interest in the 752 MW Borssele 1 & 2 offshore wind project off the coast of the province of Zeeland in the Netherlands for around €1,375m. The transaction is expected to close in the summer of 2021.

Ørsted won the Borssele 1-2 tender in 2016, with a price of €72.7/MWh. The offshore wind project, which consists of 94 turbines rated 8 MW each, was connected to the grid in April 2020 and was fully commissioned in November 2020. It will generate 3 TWh/year.

 

In 2019, wind power accounted for 13% of the Netherlands’ installed capacity, with around 4.5 GW. Around 5.5 GW of wind projects are currently in various phases of development in the country.

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