REG-Ørsted A/S Agreement on the sale of Hornsea 2 transmission assets

Oersted A/SAnnouncement

21/07/2023 07:45

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   Ørsted A/S (Orsted)
   Agreement on the sale of Hornsea 2 transmission assets

   21-Jul-2023 / 08:30 CET/CEST

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   21.7.2023 08:30:01 CEST | Ørsted A/S | Investor News

   Breesea Limited, Soundmark Wind Limited, and Sonningmay Wind Limited, a
   joint venture owned by Ørsted (50 %) and AXA IM Alts and Crédit Agricole
   Assurances (CAA) (jointly 50 %), today announced that they have signed an
   agreement on the sale of their transmission assets to Diamond Transmission
   Partners Hornsea Two Limited ('DTP').
   DTP is a partnership between Diamond Transmission Corporation Limited and
   HICL Infrastructure PLC.

   The divestment takes place in accordance with the offshore transmission
   owner ('OFTO') regime. In September 2022, following a competitive tender,
   Ofgem selected DTP as preferred bidder for the offshore transmission
   licence for the Hornsea 2 Offshore Wind Farm.

   The transmission assets include the onshore substation, export cables, the
   offshore reactive compensation substation (RCS) and the offshore
   substation and have been assessed by Ofgem at a value of GBP 1.141
   billion.

   Ørsted will provide DTP with operations and maintenance services for the
   transmission assets under a long-term agreement.

   Hornsea 2 is an offshore wind farm in the UK, located approximately 90 km
   off the Yorkshire coast in the North Sea. The wind farm consists of 165
   Siemens Gamesa 8 MW wind turbines with an overall capacity of 1,320 MW,
   enough to power more than 1.4 million British homes.

   For further information, please contact:

   Media Relations
   Thor Wilkens
   +45 99 55 44 07
    1 thrwi@orsted.com

   Investor Relations
   Rasmus Keglberg Hærvig
   +45 99 55 90 95
    2 ir@orsted.com

   About Ørsted
   The Ørsted vision is a world that runs entirely on green energy. Ørsted
   develops, constructs, and operates offshore and onshore wind farms, solar
   farms, energy storage facilities, renewable hydrogen and green fuels
   facilities, and bioenergy plants. Ørsted is recognised on the CDP Climate
   Change A List as a global leader on climate action and was the first
   energy company in the world to have its science-based net-zero emissions
   target validated by the Science Based Targets initiative (SBTi).
   Headquartered in Denmark, Ørsted employs approx. 8,000 people. Ørsted's
   shares are listed on Nasdaq Copenhagen (Orsted). In 2022, the group's
   revenue was DKK 132.3 billion (EUR 17.8 billion). Visit  3 orsted.com or
   follow us on  4 Facebook,  5 LinkedIn, Instagram, and  6 Twitter.

       Attachments

     •  7 Hornsea 2 OFTO.pdf

   News Source: Ritzau

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          DK0060094928
   Category Code: MSCM
   TIDM:          Orsted
   Sequence No.:  259170
   EQS News ID:   1685113


    
   End of Announcement EQS News Service

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References

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