REG-Ørsted A/S Hornsea 2, the world’s largest windfarm, enters full operation

Oersted A/SAnnouncement

31/08/2022 10:00

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   Ørsted A/S (Orsted)
   Hornsea 2, the world’s largest windfarm, enters full operation

   31-Aug-2022 / 10:53 CET/CEST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   31.8.2022 10:52:47 CEST | Ørsted A/S | Investor News

   Ørsted is proud to announce that the world’s largest installed windfarm,
   Hornsea 2, is now fully operational. The 1.3GW offshore wind farm
   comprises 165 wind turbines, located 89km off the Yorkshire Coast, which
   will help power over 1.4 million UK homes with low-cost, clean and secure
   renewable energy.

   The wind farm is situated alongside its sibling Hornsea 1, which together
   can power 2.5 million homes and make a significant contribution to the UK
   Government’s ambition of having 50 GW offshore wind in operation by 2030. 

   The Hornsea zone, an area of the North Sea covering more than 2,000 km2,
   is also set to include Hornsea 3. The 2.8 GW project is planned to follow
   Hornsea 2 having been awarded a contract for difference from the UK
   government earlier this year.

   Hornsea 2 has played a key role in the ongoing development of a larger and
   sustainably competitive UK supply chain to support the next phase of the
   UK’s offshore wind success story. In the past five years alone, Ørsted has
   placed major contracts with nearly 200 UK suppliers. Ørsted has invested
   GBP 4.5 billion in the UK supply chain to date and expects to make another
   GBP 8.6 billion of UK supply chain investments over the next decade.

   Ørsted now has 13 operational offshore wind farms in the UK, providing
   6.2GW of renewable electricity for the UK – enough to power more than 7
   million homes. Hornsea 2 makes a significant contribution to Ørsted’s
   global ambition of installing 30 GW offshore wind by 2030. Ørsted
   currently has approx. 8.9 GW offshore wind in operation, approx. 2.2 GW
   under construction, and another approx. 11 GW of awarded capacity under
   development including Hornsea 3. 
    
   Duncan Clark, Head of Region UK at Ørsted, said: "The UK is truly a world
   leader in offshore wind and the completion of Hornsea 2 is a tremendous
   milestone for the offshore wind industry, not just in the UK but globally.
   Current global events highlight more than ever the importance of landmark
   renewable energy projects like Hornsea 2, helping the UK increase the
   security and resilience of its energy supply and drive down costs for
   consumers by reducing dependence on expensive fossil fuels.”

   He continued: “Not only will Hornsea 2 provide low cost, clean energy for
   millions of homes in the UK, it has also delivered thousands of
   high-quality jobs and billions of pounds of investment in the UK’s
   offshore wind supply chain. We look forward to working with government and
   industry colleagues to continue to accelerate the deployment of offshore
   wind for the benefit of homes and businesses across the country.”
    
   Just over a year ago, Ørsted announced its 1000th turbine in UK water and
   welcomed a state-of-the-art new service operations vessel to its fleet,
   Wind of Hope. 

   Facts about Hornsea 2 Offshore Wind Farm

     • 165 wind turbines delivering 1.3 GW of renewable electricity
     • The wind farm spans an area of 462 km2 – equal to more than 64,000
       football fields
     • Each wind turbine blade is 81m long and the blade tip reaches more
       than 200m above sea level
     • One revolution of the wind turbine blades can power an average UK home
       for 24 hours
     • 390km of subsea export cables take the power generated from Hornsea 2
       to the shore at Horseshoe Point in Lincolnshire

   For further information, please contact:

   Media Relations
   Tom Christiansen
   + 45 99 55 60 17
    1 tomlc@orsted.com
    
   Investor Relations
   Rasmus Keglberg Hærvig
   + 45 99 55 90 95
    2 ir@orsted.com 

       About Ørsted A/S

   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. Moreover, Ørsted provides energy
   products to its customers. Ørsted is the only energy company in the world
   with a science-based net-zero emissions target as validated by the Science
   Based Targets initiative (SBTi), and Ørsted aims to deliver a net-positive
   biodiversity impact from all new renewable energy projects it commissions
   from 2030 at the latest. Ørsted ranks as the world’s most sustainable
   energy company in Corporate Knights' 2022 index of the Global 100 most
   sustainable corporations in the world and is recognised on the CDP Climate
   Change A List as a global leader on climate action. Headquartered in
   Denmark, Ørsted employs 7,292 people. Ørsted's shares are listed on Nasdaq
   Copenhagen (Orsted). In 2021, the group's revenue was DKK 77.7 billion
   (EUR 10.4 billion). Visit  3 orsted.com or follow us on Facebook,
   LinkedIn, Instagram, and Twitter.

       Attachments

     •  4 Hornsea 2 investor news.pdf

   News Source: Ritzau

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   ISIN:          DK0060094928
   Category Code: MSCM
   TIDM:          Orsted
   Sequence No.:  185005
   EQS News ID:   1432205


    
   End of Announcement EQS News Service

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References

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